Domestic gasoline prices declined for the fourth consecutive session. They are expected to drop further. — Photo kinhtedothi The Government has just issued a decree stipulating the import tax rate for gasoline products, with a reduction of 10 per cent on organic unleaded gasoline. Decree No. 51/2022/ND-CP amends the preferential “Most Favoured Nation” or “MFN” rates for gasoline products, in which the import tax rate for unleaded petrol (under HS code from 2710.12.21 to 2710.12.29) will be adjusted from 20 per cent to 10 per cent. According to the Ministry of Finance (MoF), compared to other countries, the proportion of tax in the base price of petroleum in Viet Nam is lower. The proportion in many countries was mainly in the range of 40 per cent - 55 per cent for gasoline and 35 per cent - 50 per cent for oil, while it was about 19.39 per cent for E5RON92 gasoline, 21.95 per cent for RON95 gasoline and about 11.05 per cent for diesel in Viet Nam with the environmental … [Read more...] about Gasoline products entitled to 10 per cent discount on preferential import tax
Reduce environmental footprint
Tireless efforts made to soothe Agent Orange pain
Many policies on the settlement of AO consequences have been carried out over the past years, including supporting AO victims. (Photo: VNA) Hanoi (VNA) – Joining hands to soothe the pain caused by Agent Orange (AO) is not only a charitable or humanitarian deed but firstly an activity to express gratitude to revolution contributors and the sense of responsibility of each Vietnamese people. Vietnam marks 61 years since the AO disaster on August 10 this year. Sen. Lt. Gen. Nguyen Van Rinh, Chairman of the Vietnam Association of Victims of AO/ Dioxin (VAVA), said the Party, State, and people have made wholehearted efforts with the highest sense of responsibility to care for revolution contributors, including those suffering from toxic chemicals in the resistance war and AO victims. Many policies on the settlement of AO consequences have been carried out, he said, noting that the State has spent tens of trillions of VND each year on providing monthly allowances, health … [Read more...] about Tireless efforts made to soothe Agent Orange pain
Power Plan VIII to remove more than 14 GW of coal-fired power
The Ministry of Industry and Trade (MoIT) has consulted the Government not to include 14,120 MW of coal-fired power in the national power master plan (PDP8). — Photo ndh.vn The Ministry of Industry and Trade (MoIT) has consulted the Government not to include 14,120 MW of coal-fired power in the national power master plan (PDP8) to achieve the goal of net zero emissions by 2050. Local media consider such a change a “revolution” in the electricity and environment of the country. The MoIT said in a written report to the Government Standing Committee that of 14,120 MW of coal-fired thermal power, State corporations had invested in 8,420 MW. Specifically, Electricity of Vietnam was assigned 3,600 MW, including Quang Trach II, Tan Phuoc I and II projects. The Vietnam Oil and Gas Group has been given 1,980 MW for the Long Phu III project. Vietnam Coal and Mineral Industries Group has been assigned 2,840 MW, including Cam Pha III, Hai Phong III and Quynh Lap I assignments. In … [Read more...] about Power Plan VIII to remove more than 14 GW of coal-fired power
