Financial Wire

Market Chatter: Vietnam to Extend Fuel Import Waiver Until End-June

-- Vietnam is looking to extend its fuel import tariff waiver until the end of June to ease pressure on domestic industries, The Bangkok Post reported Monday, citing state media.

The measure, first introduced in early March, is pending legal review and is expected to lower government revenue by about 2.02 trillion dong. Authorities are also considering a temporary removal of import duties on key fuel inputs such as naphtha, reformate and condensate, reportedly.

In a separate move, the government plans to prolong reduced taxes on electric vehicles through 2030 to boost adoption.

The proposal will be sent to parliament as Vietnam pushes to expand EV use and cut emissions, the news outlet said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Market Chatter: Vietnam to Extend Fuel Import Waiver Until End-June | Financial Wire