The Ministry of Finance (MoF) issued Official Letter No. 9691/BTC-CST to ministries and branches on September 23, seeking opinions on a draft Resolution from the National Assembly on reducing the special consumption tax (SCT) on gasoline and VAT on oil and gasoline.

The Ministry of Finance has proposed extending four periods, from June to September, for the payment of special consumption taxes on domestically-manufactured or assembled cars, with such support costing up to VND11.4 trillion ($497.23 million) in total.