Vietnam to extend jet fuel tax cut to help its airlines

Vietnam plans to extend a 30% reduction in environment tax on jet fuel by one year until the end of 2021 to help local airlines weather the impact of the coronavirus pandemic, its finance ministry said on Tuesday. The ministry cut the tax from 3,000 dong ($0.13) per litre to 2,100 dong for five months starting from August this year, it said. “The aviation industry has suffered seriously,” the ministry said. “The domestic market is expected to gradually recover for this year and next, but the international market will take a longer time.”<br/>