The Government of the Socialist Republic of Vietnam issued Resolution No. 43/2026/NQ-CP on September 30, 2026, extending the duration of application of preferential import duty rates, environmental protection tax, and value-added tax on petrol and oil commodities and materials for the production of petrol, oil, and jet fuel.
This extension is scheduled to start on October 01, 2026 and will stay in effect until December 31, 2026. The timing aligns with the final quarter of the fiscal year, a period when many importers plan their year-end purchases.
Extension of preferential import duties
Article 1 extends the duration of application of preferential import duty rates on petrol and oil and materials for the production of petrol and oil. The extension applies to Resolution No. 25/2026/NQ-CP and Decree No. 72/2026/ND-CP, which were initially set to expire earlier in the year.
The preferential import duty rates are those specified in the Preferential Import Tariff Schedule issued together with Decree No. 26/2023/ND-CP. By keeping the lower rates through the end of the calendar year, importers can continue to calculate costs using the same framework that governed earlier transactions in 2026.
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Maintaining these preferential rates helps to lower the overall landed cost of crude oil and refined fuels. Companies that rely on imported feedstock benefit from a more predictable expense structure, which can support investment decisions and operational planning.
Tax and VAT provisions
The extension applies to the environmental protection tax and value-added tax specified in Articles 1 and 2 of Resolution No. 19/2026/QH16.
The specific tax rates and VAT percentages remain identical to those listed in Articles 1 and 2 of that resolution. No adjustment to the percentages has been announced, meaning that the fiscal burden on fuel distributors will not change during the extension period.
By keeping the tax parameters stable, the administration aims to avoid sudden price fluctuations at the pump. Consumers are therefore less likely to experience abrupt increases in fuel costs as the year closes.
Legal framework
The resolution references several statutes that give it legal grounding. These include the Law on Organization of the Government No. 63/2025/QH15, the Law on Promulgation of Legal Documents No. 64/2025/QH15, and the amendment introduced by Law No. 87/2025/QH15. Together, these laws outline the procedures the cabinet must follow when issuing such measures.
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In addition, the document cites the excise-tax law, specifically Law No. 66/2025/QH15, which defines how excise duties on petroleum products are calculated and collected.
Implementation and oversight
Article 3 details the implementation rules. It confirms the effective period of the resolution and requires that the excise tax on petrol be applied in accordance with the excise-tax law and any related guidance issued by the competent authorities.
If socio-economic conditions indicate a need for a shorter or longer timeframe, the Ministry of Industry and Trade must prepare a proposal. That proposal is then sent to the Ministry of Finance, which forwards it to the Government for a final decision.
The document bears the signature of Deputy Prime Minister Nguyen Van Thang and was published in the Official Gazette, making it an official legal instrument.