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The Ministry of Finance has proposed cutting the environmental protection tax on gasoline by half to VND1,000 per liter and other fuels by 30-70% as the rising fuel prices are weighing on Vietnam’s economy.

The HCMC Department of Transport has proposed that a 33-kilometer section of the HCMC-Can Tho express railway in HCMC should have elevated tracks to facilitate the project’s execution.

The U.S. Department of Treasury has placed Vietnam on its currency monitoring list as Vietnam had a high trade surplus with America in 2021.

The Ministry of Industry and Trade has said it is planning to boost national fuel reserves to 30 days of domestic consumption amid global oil market volatility.

The National Assembly (NA) on June 16, adopted a resolution approving the Beltway No. 3 project in southern Vietnam, with 475 of 478 NA deputies voting in favor.

The Ministry of Finance has proposed the Government eliminate the fuel price stabilization fund so that fuel prices can be fully regulated by market forces.

HCMC has paid over VND90 billion of the total amount to build 56 Covid field hospitals, but still owes VND193 billion to contractors.

The price of the high-grade RON95 gasoline climbed by VND800 per liter to a fresh record of VND32,270 a liter on June 13, while other fuels jumped by over VND2,000 per liter.

A hi-tech agricultural park covering over 100 hectares has got off the ground in Cu M’gar District in the Central Highlands province of Daklak, with a total investment of more than VND700 billion.

The Ministry of Finance has said tech giants like Google, Facebook and Microsoft paid more than VND4.5 trillion in taxes from 2018 to April this year.

The Government has approved a banking sector restructuring and bad debt settlement plan in which the handling of poor-performing commercial banks will be basically completed by 2025.

Deputy Prime Minister Le Minh Khai has asked the HCMC government to propose the municipal People’s Council consider adjusting the fees for using infrastructure facilities and public services at seaports in July.

The Beltway No. 3 project, which will connect HCMC, Binh Duong, Dong Nai and Long An, will get priority access to funding so that it can be completed by 2025 and opened to traffic in 2026, said National Assembly (NA) Chairman Vuong Dinh Hue.

Nguyen Thanh Long, Chu Ngoc Anh, and Pham Cong Tac, who have been removed from the posts of Minister of Health, chairman of Hanoi City and Deputy Minister of Science and Technology, respectively, have been arrested for their alleged involvement in Viet A Technology Corporation’s price gouging of Covid-19 test kits.

At its extraordinary meeting in Hanoi in the afternoon today, June 6, the Party Central Committee decided to dispel Health Minister Nguyen Thanh Long and Hanoi City Chairman Chu Ngoc Anh from the Communist Party of Vietnam.

Due to serious violations of Party and State rules, Hanoi City Chairman Chu Ngoc Anh and Health Minister Nguyen Thanh Long will face disciplinary measures while Deputy Minister of Science and Technology Pham Cong Tac has lost Party membership.

Many firms, such as Kia, Mazda, Peugeot and Toyota, have delivered cars to customers before the registration fee cut for locally manufactured or assembled autos comes to an end on May 31.

The local property market has witnessed a short supply of homes in all segments, especially the budget-home segment, as there are no new projects on the market.

Vingroup has signed a memorandum of understanding with Intel to create a wide range of advanced computing systems.

Around 450 delegates from more than 200 international aviation organizations will gather in the central beach city of Danang next week.

A hike in prices of fuels, food and foodstuffs, and necessities has resulted in Vietnam’s consumer price index (CPI) this month rising by 0.38% month-on-month, according to the General Statistics Office.

Intel will expand its business and investment activities in Vietnam in the future, Intel CEO Patrick Gelsinger said at a meeting with Vietnamese Prime Minister Pham Minh Chinh in Hanoi on May 27.

The National Assembly at its ongoing third session in Hanoi has discussed five major traffic infrastructure projects, among other important issues.

The Ministry of Planning and Investment has requested localities to report the execution of large foreign direct investment (FDI) projects that need significant investment and use large land lots.

Anticipating that travel demand during the upcoming summer will rise sharply, and even higher than the pre-pandemic levels, local carriers are offering millions of air tickets.