Vietnam has temporarily cut environmental protection tax on petrol, diesel and jet fuel to zero under a decision signed by Prime Minister Pham Minh Chinh, as the Government moves to stabilise the domestic fuel market and safeguard energy security.

Vietnam’s business and investment climate is showing marked improvements following sustained reform efforts, with enhanced access to business-related information and regulations, reduced unofficial costs, and effective administrative reforms, according to the latest survey by the Vietnam Chamber of Commerce and Industry (VCCI).

The Ministry of Finance (MoF) plans to implement several policies to support the business sector and people, and promote the country's economic growth in 2024, according to Minister Ho Duc Phoc.

The total State budget revenue in the first eight months of this year topped VND962 trillion (nearly US$40 billion), equivalent to 70.1% of the estimate for the whole of this year and 93.9% compared to the figure in the same period last year, the General Department of Taxation reported on September 11.

The total revenue to the State budget between January and July exceeded VND1.01 quadrillion (US$42.53 billion), equaling 62.7% of the yearly estimate and dropping by 7.8% from the same period last year.

VOV.VN - Petrol prices continued to grow at the beginning of the year, causing many more local businesses to worry about the sharp increase in business costs and reduced competitiveness.

VOV.VN - Petrol prices were kept unchanged as of 3 p.m. on January 11 following the latest adjustment made by the Ministry of Industry and Trade and the Ministry of Finance.

VOV.VN - Last year saw the local economy overcome unprecedented fluctuations caused by the COVID-19 pandemic, political conflicts, and a global economic crisis, although it was able to recover strongly, thereby becoming a bright spot for the regional and global economy.

Total State budget collection was estimated at over VND1,803 trillion (US$76.6 billion) in 2022, equivalent to 127.8% of the estimate, up 15% year on year, reported the Ministry of Finance (MoF) on January 3.

VOV.VN - Retail petrol prices climbed to reach a new peak as of 3 p.m. on January 3, with this coming following the Ministry of Industry and Trade and the Ministry of Finance adjusting prices upwards for the second time in a row in early 2023.