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Vietnam to Raise Mining Environment Taxes Next Year, News Says

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Sept. 6 (Bloomberg) -- 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 Bloomberg News staff for this story: Nick Heath in Hanoi at nheath2@bloomberg.net

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