Vietnam Plans to Extend Tax Incentives for Electric Vehicles Until 2030
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Author:小编   

The Office of the National Assembly of Vietnam announced over the weekend that it plans to extend the special consumption tax reduction policy for electric vehicles by nearly four years until the end of 2030, in a bid to boost sales and reduce carbon emissions. The policy, originally set to expire in February 2027, saw Vietnam reduce the tax rate from 4%-11% to 1%-3% in March 2022.