Ministries split over proposed environmental tax hike for fuels Tu Hoang HANOI – The Ministry of Finance still sticks with its proposal to impose a higher environmental tax on fuels though other ministries have expressed concern over the impact of the hike on the country’s socio-economic growth. The Ministry of Finance sought an environmental tax of VND4,000-8,000 per liter of gasoline compared to the current VND1,000-4,000, VND3,000-6,000 per liter of jet fuel, VND1,500-4,000 per liter of diesel oil, VND300-2,000 per liter of kerosene, VND900-4,000 per kilogram of heavy fuel oil, and VND900-4,000 per kilogram of lubricant. In a report on the impact of draft amendments and supplements to the environmental protection law, the Ministry of Finance said the proposed environmental tax spike would leave no negative impact. However, the ministry has not mentioned its quantitative assessment which is required for such a report. The ministry said there are grounds for the proposal as the environmental tax hike would help raise public awareness of environmental protection, limit consumption of pollution-causing goods, and match a roadmap to offset reductions of import tariffs in line with the country’s commitments to international trade deals. The ministry said Vietnam cut the import tax on fuels to 0% last year and will lower that on gasoline to 8% in 2021, 5% in 2023 and 0% in 2024 as required by the trade pact among the ASEAN countries. Under a free trade agreement between ASEAN and China, Vietnam lowered tariffs on oil imports to 5-8% last year….