Viet Nam imported more than 8.6 million tonnes of oil and petroleum products worth US$5.71 billion in the first eight months of this year, a year-on-year increase of 26.4 per cent.
The Ministry of Finance (MoF) said the ministries and localities supported its proposal to raise environmental protection tax on oil and petroleum products.
The Ministry of Finance has proposed raising environmental protection taxes on oil and petroleum products from the current VND3,000 (13 US cents) to the ceiling level of VND4,000 (17 cents) per litre beginning July 1st 2018.
Market research firm Market Intello has forecast that Viet Nam’s inflation may fall to below 3 percent, lower than the rate of 3.8 per cent it predicted last month.