On June 17, 2025, the National Assembly issued Resolution No. 204/2025/QH15 on reducing value-added tax. Resolution 204/2025/QH15 takes effect from July 1, 2025 to December 31, 2026.
Clause 1, Article 1 of Resolution No. 204/2025/QH15 stipulates: Reducing the value-added tax rate by 2%, applicable to the group of goods and services specified in Clause 3, Article 9 of the Law on Value-added Tax No. 48/2024/QH15 (to 8%), except for some of the following groups of goods and services: telecommunications, financial activities, banking, securities, insurance, real estate trading, metal products, mining products (except coal), goods and services subject to special consumption tax (except gasoline).
The Domestic Market Management and Development Department respectfully announces the content of Resolution No. 204/2025/QH15 dated June 17, 2025 of the National Assembly on reducing value added tax to traders so that traders can proactively apply, calculate, and decide on the selling price of petroleum products in accordance with the effective date of Resolution No. 204/2025/QH15.
Accordingly, from 00:00 on July 1, 2025, the maximum retail price for petroleum products is applied as follows:
E5RON92 gasoline: not higher than VND 20,530/liter (down VND 101/liter compared to the previous period). RON95-III gasoline: not higher than VND 21,116/liter (down VND 128/liter compared to the previous period).
Diesel 0.05S: not higher than VND 19,349/liter (up VND 193/liter compared to the previous period). Kerosene: not higher than VND 19,064/liter (up VND 141/liter compared to the previous period). madut Oil 180CST 3.5S: not higher than VND 16,955/kg (down VND 668/kg compared to the previous period).
The time of applying the new basic price will last until the next announcement period of the Ministry of Industry and Trade.Enterprises shall adjust prices in accordance with the provisions of current Decrees and Circulars on gasoline business management and use of the Stabilization Fund.
The Ministry of Industry and Trade continues to coordinate with competent authorities to inspect and supervise the implementation of regulations on ensuring petroleum supply, and strictly handle violations if discovered.
