VOV.VN - The nation’s export value to the EU grew further in the first six months of this year, resulting in a trade surplus of US$15.5 billion, a rise of nearly 39%, thanks to the bilateral free trade agreement in place between the two sides.

Measures taken to bring down petrol prices could reduce State budget collection by VND32.5 trillion (US$1.4 billion) this year, according to Deputy Minister of Finance Nguyen Duc Chi.

VOV.VN - Vietnam exported 1.03 million tonnes of coffee worth over US$2 billion during the first half of the year, representing a year-on-year rise of 21.7% in volume and 49.7% in value, according to the General Department of Vietnam Customs.

VOV.VN - Vietnam raked in an estimated US$130 million from exporting lobsters in the first six months of 2022, seeing a 30 fold increase compared to the same period last year.

VOV.VN - The retail prices of petrol and oil witnessed a reduction as of 3 p.m. on July 1 following the latest price adjustments which were jointly carried out by the Ministry of Industry and Trade and the Ministry of Finance.

Vietnam’s economic growth accelerated faster than expected in the second quarter of this year, as a recovery in exports and manufacturing helped offset risks from coronavirus outbreaks and rising oil prices, Bloomberg reported.

VOV.VN - The Ministry of Finance has submitted a proposal to the Prime Minister in a bid to reduce the excise tax and value added tax, in addition to the environmental protection tax, as it seeks control rising petrol prices.

VOV.VN - The retail price of biofuel E5 - RON92 recorded an increase of VND185 to VND31,302, equal to US$1.35, per litre and RON95 rose by VND498 to a new record of VND32,873, equivalent to US$1.42, per litre, respectively, as of 3:00 p.m. June 21.

The World Bank (WB) has recommended the Vietnamese Government consider taking measures to provide support, especially targeted direct support, for local disadvantaged households in dealing with a spike in goods and service prices.

VOV.VN - The Ministry of Finance (MoF) has put forward a proposal to impose a maximum reduction to the environmental protection tax placed on fuel products in an attempt to curb retail petrol and oil prices that have kept rising over the past months.