Vietnam will impose an environmental tax of VND45,000 per kilo on nylon bags, according to a draft resolution by the National Assembly Standing Committee.

Accordingly, oil and gas will have to pay the environmental tax ranging from VND300-1,000 per litre.

Different tax rates for environmental protection in the draft resolution are expected to take effect as of January 1, 2012. The environmental-tax law was approved by the NA on November 15, 2010.

Source: VOV