Plastic bags will be subject to an environmental protection tax rate of VND45,000 ($2.3) per kg, expected to come into effect from January 1, 2012 when the Law on Environmental Protection Tax becomes effective.
The new law, ratified in November last year by the National Assembly, is aimed at limiting the use of plastics which have been identified as causing serious environmental pollution, according to the Finance Ministry.
The tax rate on plastics is specified in the environmental protection tariff that is included in the draft resolution proposed by the National Assembly’s Standing Committee.
Along with plastic bags, petrol and oil may be taxed at VND300-1,000 ($0.015-0.05) per liter, also to take effect from January 1, 2012.
(TTO, 25/1/2011)