Việt Nam News

Deputy Minister of Finance Tạ Anh Tuấn speaks to local media about this issue.

The Ministry of Industry and Trade has put forward a proposal to increase the country's fuel reserve by as much as four times, said Lê Việt Nga deputy head of the ministry's domestic market department during a conference on Thursday in Hà Nội. 

After the proposal to cut the petrol price stabilisation fund and import tax, the Ministry of Finance (MoF) has announced plans to cut the environmental tax on fuel.

The State Bank of Việt Nam (SBV) has been consistent in its policy to strictly control credit flows into areas with high risks, such as real estate and securities, and this policy will continue to be implemented in 2022 and beyond, SBV Deputy Governor Đào Minh Tú said at a regular Government press conference last week.

Inflation control is one of Việt Nam’s urgent tasks, given the country’s deep integration in the world economy and its dependence on material imports, Minister of Finance Hồ Đức Phớc said at the 15th-tenure National Assembly’s third session meeting on Thursday.

The retail prices of oil and petrol continued to rise yesterday following the latest adjustment by the Ministry of Industry and Trade and Ministry of Finance with new costs topping a record VNĐ31,000 a litre.

Petrol producers and traders are expected to benefit from low-priced inventories as the price of petrol rises.

The HCM City transport industry has sought Government support to help recover from the double whammy of the COVID-19 pandemic and skyrocketing fuel prices. 

Presenting a report at the third plenary session of the 15th-tenure National Assembly in Hà Nội on Monday, President of the Vietnam Fatherland Front (VFF) Central Committee Đỗ Văn Chiến listed a number of hot-button issues raised by voters.