Vietnam’s Jan-Jun air passengers up 49.6%
HCMC – Vietnam’s air passenger traffic has soared in the year to date, with Vietnamese airlines carrying 34.7 million passengers, up 49.6% compared to the same period last year. Out of the total passenger count, 14.7 million are international guests, a five-fold surge compared to the previous
Higher domestic airfare caps likely
HCMC – The Ministry of Transport is currently gathering feedback on a draft circular in which domestic airfare caps would rise by VND50,000 to VND250,000 per ticket depending on routes. According to the draft circular, the proposed airfare caps for domestic routes between 500 kilometers and below
Coal-fired power plants to shift to using ammonia and biomass fuels
HCMC – Thermal power plants will be required to develop a roadmap for shifting to running on biomass or ammonia after operating for 20 years. Failure to do so will result in the closure of these plants after 40 years of operation. Minister of Industry and Trade Nguyen Hong Dien was speaking of
Interest exemption proposed for late tax payments
HCMC – The Ministry of Finance has written to the National Assembly proposing issuing a resolution that would exempt loss-making businesses from interest on late payments of taxes, land use fees and land rentals in 2022 and 2023. If approved, the proposal could result in lost revenue of VND2.5
VND600 billion proposed for riverside embankments in HCMC
HCMC – The Transport Department of HCMC has proposed using VND600 billion from the municipal budget to construct three embankment projects to address riverbank landslides. The Can Giuoc, Cho Dem, and Saigon embankment projects are among 11 projects submitted by the department to the HCMC People’s
Electricity shortage in northern Vietnam eases
HCMC – The electricity supply in the northern region of the country has improved as technical glitches in several power plants have been resolved. Since June 10, Thai Binh 2 thermal power plant has resumed normal operations, generating an average of eight million kWh per day. Another thermal power
Government urges nationwide power savings
HCMC – In response to severe electricity shortages in the north of the nation, the Government is calling upon households and companies to take energy-saving measures. Deputy Prime Minister Tran Hong Ha recently signed a directive aimed at enhancing electricity savings in the 2023-2025 period and
NA deputies back new special mechanism for HCMC
HCMC – HCMC, as a special-class city, requires corresponding policies, according to the National Assembly (NA) deputies. The NA General Secretary, Bui Van Cuong, said that HCMC has the largest population and the highest economic growth in the country, contributing 27% to the State budget revenue
Car sales may remain lackluster despite fee cut: Finance Ministry
HCMC – The Government has approved a proposal to reduce the registration fee for domestically manufactured automobiles by 50%. However, the Ministry of Finance has predicted that the fee cut may not have the desired impact. The Ministry of Finance, along with relevant agencies, has been tasked
Northern Vietnam faces power blackouts
HCMC – Many parts of northern Vietnam are currently experiencing power outages due to a shortfall in electricity generation, reported the local media. Speaking at a press conference in Hanoi on June 7, Tran Viet Hoa, director of the Electricity Regulatory Authority of Vietnam, said that hot
VAT cut proposed for extension until late 2024
HCMC – A majority of National Assembly (NA) deputies have expressed their support for extending the value added tax (VAT) cut to boost demand and provide much-needed assistance to households and businesses at a time of economic hardships. According to the NA Office, deputies’ feedback on the VAT
Over 1,300GB of personal data illegally collected and traded
HCMC – The illegal trade of personal data has been widespread across the country in recent years, with the largest recorded data breach reaching nearly 1,300GB, according to the Ministry of Public Security. Personal data has been openly sold in large quantities in cyberspace for a while, and