Vietnam can control domestic petrol prices by adjusting taxes, fees: experts

Vietnam can control domestic petrol prices by adjusting taxes, fees: experts

Rising global oil prices have been putting pressure on gasoline prices in the domestic market. According to the report of the General Statistics Office of Vietnam under the Ministry of Planning and Investment, an increase of 12.08 percent in the five-month domestic gasoline prices and 15.32 percent year-on-year in gas prices are one of the main reasons for the rise in the consumer price index (CPI) in the first five months of this year.
Trade deficit at nearly US$1 million in May

Trade deficit at nearly US$1 million in May

According to the General Department of Vietnam Customs, the trade balance of Vietnam saw an estimated trade deficit of US$900 million in May, but still recorded a trade surplus of $1.88 billion in the first five months of this year.
Opportunity to lower fuel prices

Opportunity to lower fuel prices

Ordinary import tariff of crude oil product will be cut from 5 percent to zero percent from November 1st this year, according to the Decision No.28/2019/QD-TTg on imposing duties on imported products recently promulgated by the Prime Minister.
A land for mining is destroyed (Photo: SGGP)

Mining industry no more aids growth

The country’s industry production indicator in the first eight months of the year has seen a year-on-year increase of 6.7 percent yet mining sector dropped by 4.8 percent.
 
Mining industry indicator continues to dip

Mining industry indicator continues to dip

Even though mining industry plays a pivotal role in the country’s economy, the industry dipped in two years because of difficult exploitation and dependence on world markets.