The Excise Department expects to conclude a tax structure for electric vehicles (EVs) in the next couple of months, says its newly appointed head. “A new working panel chaired by me has been set up, and I confirm taxes for EVs will not be delayed, and should become clearer in the next 1-2 months as operators want need some […]
Read MoreThe government may reduce its non-infrastructure spending, once it suspends the second tranche of oil excise taxes, Finance Secretary Carlos Dominguez III said Monday.Dominguez, who leads the inter-agency Development Budget Coordination Committee, said cutting non-infra spending would be an option while the DBCC was looking for contingency measures so that infrastructure spending would not be affected by the […]
Read MoreIf US-China trade tensions drag on, Vietnam will still see good growth but face strong exchange rate pressures exerted by two major currencies. After GDP growth reached 6.98 percent in the first 9 months of 2018, the highest in the past 8 years, it is relatively clear that the Government will reach its 6.7 percent growth target by the end […]
Read MoreNDO – Although full-year inflation will probably be contained at less than 4%, the average consumer price index (CPI) in the first nine months of 2018 was already 3.57%, putting the efforts to curb inflation in the remainder of the year under even greater pressure. Among the factors expected to have an impact on Vietnam’s […]
Read MoreTAIPEI — An increase in world oil prices is helping Vietnam earn money that will quicken its already fast economic growth and may help the country build new infrastructure. The only red light: higher fuel prices among Vietnam’s consumers. Vietnam, though not a major oil-producing nation like much of the Middle East, has counted energy-related commodities […]
Read MoreThe competitive electricity wholesale market will be fully operational starting in 2019 following a successful year-long pilot period. Deputy Minister of Industry and Trade Hoang Quoc Vuongspoke about the development of the marketplace at a recent meeting in Ha Noi. Vuong said the development of a competitive electricity market is a long-term plan for Viet Nam’s electricity sector as […]
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