Vietnam jet fuel tax cut to continue through 2021 – VnExpress International


By Doan Loan  &nbspDecember 11, 2020 | 10:30 am GMT+7
Vietnam jet fuel tax cut to continue through 2021  Vietnam jet fuel tax cut to continue through 2021 - VnExpress International WEBIC3A9923 1607652737 5248 1607652913

A Vietnam Airlines aircraft is seen on an apron at Tan Son Nhat International Airport in Ho Chi Minh City. Photo by VnExpress/Thanh Nguyen.


Lawmakers have decided to continue the 30-percent cut in environment tax on jet fuel through next year to support the aviation industry.

It will remain at VND2,100 (9.1 U.S. cents) per liter until the end of next year before returning to VND3,000 in 2022, the National Assembly Standing Committee decided on Thursday.

Deputies had originally approved the cut from August until the end of this year.

The government’s loss of revenues is estimated at VND360-400 billion this year, but it expects the tax break to reduce airlines’ costs and help them recover from the crisis caused by the Covid-19 pandemic.

Airlines have gone through major difficulties due to travel restrictions and limited international flights.

Vietnam Airlines forecasts a loss of VND14.8 trillion this year, while for budget carrier Vietjet it is likely to be VND3 trillion.

The aviation industry served 29.4 million passengers in the first 11 months, down 41.7 percent year-on-year, according to the General Statistics Office.

e.VnExpress

What's Your Reaction?

Cry Cry
0
Cry
Cute Cute
0
Cute
Damn Damn
0
Damn
Dislike Dislike
0
Dislike
Like Like
0
Like
Lol Lol
0
Lol
Love Love
0
Love
Win Win
0
Win
WTF WTF
0
WTF

Comments 0

Your email address will not be published. Required fields are marked *

Vietnam jet fuel tax cut to continue through 2021 – VnExpress International

log in

Become a part of our community!

reset password

Back to
log in
error: Content is protected !!
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Open List
Open List
Ranked List
Ranked List
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF