Vietnam to Raise Mining Environment Taxes Next Year, News Says

Vietnam will raise environment taxes on mining activities starting next year, with maximum levies on coal extraction nearly doubling to 10,000 dong ($0.48) per metric ton, Vietnam News reported, citing a government decree.

Gold, lead, zinc and tin ore mining will be subject to the highest maximum environment tax rate of 270,000 dong ($12.96) per ton, a 12.5 percent increase, according to the newspaper. Environment tax rates on crude oil and natural gas extraction will be unchanged, the paper reported.

To contact the editor responsible for this story: K. Oanh Ha at oha3@bloomberg.net

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