Vietnam plans to raise car taxes to save fuel

Newswire

HANOI, Aug 21 (Reuters) - Vietnam, where car prices are already among the world's highest, is planning to raise taxes by up to 20 percentage points as part of efforts to cut fuel consumption and reduce traffic congestion. Under a draft law, a special consumption tax would be raised to 60 pct for consumers who buy cars with 2.0 to 3.0 litre engines and 70 pct for cars with engines bigger than 3.0 litres, from 50 percent now, the Finance Ministry said in a report on Thursday. "The tax ...

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