Draft records vietnam

Rising prices of strategic goods, including petrol, fertilizers, and farm produce are putting pressure on the Government’s efforts in market price management. The Ministry of Industry and Trade (MoIT) is responsible for maintaining adequate supplies of petrol  and avoiding disruption risks. Overview of the meeting. Source: VGP The Government Office released the conclusion of Deputy Prime Minister Le Minh Khai at a meeting of the Price Management Committee last week. According to Khai, Vietnam is facing high inflationary pressure amid rising prices of strategic commodities such as petrol, fertilizers, and transportation costs. In this context, recent price hikes of petrol products since early 2022 have resulted in the price of RON 95-IIII hitting a record high of nearly VND33,000 (US$1.42) per liter, leading to the uptick of  prices of other products and services. Khai, therefore, called for the MoIT to stay active in the management of petrol supplies … [Read more...] about Vietnam Deputy PM expects no disruption to petrol supplies

In the past two months, Vietnam’s retail fuel prices have set up new records five times. Curbing the rise of petrol prices are essential for Vietnam to contain inflation, stabilize macro-economic conditions, and support economic recovery, for which scrapping excise tax on this product should be considered. A petrol station in Hanoi. File photo The Vietnam Chamber of Commerce and Industry (VCCI) gave its view on the draft resolution of the Ministry of Finance (MoF) on revising the tax rates for petroleum products. The move, however, could only be seen as a long-term solution, as any decision on the cut of excise and value-added taxes for petrol products are subject to the ratification of the National Assembly, with the upcoming session scheduled to take place in late 2022. In this regard, the VCCI expressed its support for MoF’s suggestion to further cut the environmental protection tax on fuels and gas products, saying such a move could be done right in … [Read more...] about VCCI proposes to scrap excise tax on petrol

Tourists at the Hoa Lo Prison (Photo: danviet.vn) Hanoi (VNA) – About 8.61 million tourists, including some 211,300 foreigners, visited Hanoi between January and June, nearly tripling the figure in the same period last year. The city's total tourism revenue in the first half of 2022 amounted to approximately 25.2 trillion VND (1.08 billion USD), more than three times higher than the figure in the first six months of 2021. Local hotels rated 1-5 stars recorded an average occupation rate of over 30% during the period, up 6.11% year-on-year. The capital city, home to 24 recognised tourist destinations, is offering a series of enticing products to attract tourists given its reopening of the local tourism industry. These include night tours at Hoa Lo Prison and Thang Long ancient citadel; a northern mountainous wet market programme at Vietnam National Village for Ethnic Culture and Tourism in Son Tay township; and Hanoi City Tour by double-decker buses. In addition, … [Read more...] about Hanoi greets over 8.61 million visitors in first half

Administering the fourth dose of COVID-19 vaccine to medical staff in the northern province of Ninh Bình. — VNA/VNS Photo Hải Yến HÀ NỘI — If Việt Nam declares the end of the COVID-19 pandemic in the country, it will meet many difficulties in pandemic prevention and control and be hit by slower economic recovery, the Ministry of Health (MoH) has said. Under the latest draft plan on COVID-19 prevention and control in the new situation, which is waiting for input from the National Steering Committee for COVID-19 prevention and control, ministries, provinces, cities and experts, the MoH said that the pandemic situation has basically been controlled nationwide. However, the pandemic situation is still complicated in many countries and is even increasing again in some. The virus is constantly changing and recording new variants, which could potentially cause a strong outbreak on a large scale, beyond the health system’s capacity. Latent risks The SARS-CoV-2 virus has constantly … [Read more...] about Ministry of Health explains reasons for not announcing end of COVID-19 pandemic

About 8.61 million tourists visited Hanoi in the first half of this year, marking a three-time jump over the same period last year, according to the municipal Department of Tourism. Some 211,300 of the visitors are foreigners. The Vietnamese capital city’s total tourism revenue in the January-June period amounted to approximately VND25.2 trillion (US$1.08 billion), more than three times the figure in the first six months of 2021. Local hotels rated 1-5 stars recorded an average occupancy rate of over 30 percent during the period, up 6.11 percent year on year, the Vietnam News Agency reported. Home to 24 recognized tourist destinations, Hanoi is offering a series of enticing products to attract tourists for the reopening of the local tourism industry. These include night tours at Hoa Lo Prison and Thang Long ancient citadel, a northern mountainous wet market program at Vietnam National Village for Ethnic Culture and Tourism in Son Tay township, and a Hanoi City Tour by … [Read more...] about Hanoi welcomes over 8.61 million visitors in first half of 2022

A worker operating a production line inside a Duc Giang Chemical plant in Hung Yen Province. In 2022, Duc Giang Chemical Group Joint Stock Company (DGC) sets a target of VND12.1 trillion in revenue and VND3.5 trillion in profit after tax. — Photo ducgiangchem.vn Thanks to their good growth potential and attractive valuation, chemical stocks are being included in the portfolios of investors. The stock market last week recorded four out of five declining sessions, of which the first session of the week recorded the strongest decline with the VN-Index losing more than 57 points. Some investors see this as an opportunity to hunt for cheap stocks. Pham Dinh Cong from Ha Noi told tinnhanhchungkhoan.vn that he had taken the opportunity to buy some stocks in the past week, prioritising the enterprises with good financial status and growth potential, such as the chemical group. According to ACB Securities Company (ACBS), in May 2022, the industrial production index of the chemical … [Read more...] about Chemical firms see growth potential thanks to rising selling prices