HANOI, March 9 (Reuters) - Vietnam is planning to remove its import tariffs on fuels to ensure supplies amid disruptions caused by the military conflict in the Middle East, the government said.
The tariff removal is expected to last until the end of April, the government said in a statement issued late on Sunday, adding that a resolution is being prepared by the Ministry of Finance.
* Vietnam's import tariffs on fuels range up to 20%, withmost of the imports from countries that Vietnam has free-tradeagreements exempt from tariffs. * Domestic fuel prices have already risen by 21%-32% sincethe U.S.-Israeli war with Iran began. * The removal of the tariffs until the end of April wouldreduce state revenue by 1.02 trillion dong ($39 million), thegovernment said. * "This tariff removal solution is considered necessary tosupport businesses in proactively securing their supply sources,contributing to stabilizing the domestic petroleum market andensuring energy security," the government said.
($1 = 26,190 dong)
(Reporting by Khanh Vu; Editing by John Mair)
