The PM also called for stronger electricity-saving measures, requiring annual savings of at least 3 per cent of national power consumption and at least 10 per cent during peak hot-weather months from April to July.
In this price adjustment, the ministries allocated VNĐ300 per litre of biofuel to the petrol price stabilisation fund, while making no withdrawals from the fund to support prices.
Stressing that ensuring energy security and a reliable power supply us critical as Việt Nam pursues double-digit growth, PM Hưng called on stronger determination and efforts to make necessary adjustments to the revised PDP8 to meet the rising demand.
Close coordination between fiscal, monetary and other macroeconomic policies is needed to maintain price stability, safeguard major economic balances and preserve room to support growth and strengthen resilience to external shocks.
The GoRice project aims to improve the socio-economic and environmental well-being of rice farmers in the Mekong Delta through sustainable and climate-resilient rice production practices.
The outlook for the pepper industry remains positive, but greater efforts are needed to standardise growing areas, improve product value and strengthen competitiveness.
The draft is being developed with aims to streamline the supply chain to improve transparency and efficiency, give businesses greater authority to set prices and moving the fuel market towards a market-based mechanism, and to accelerate digital transformation and data-based...
The Finance Ministry said extending the tax measures would help ensure energy security, stabilise the economy and support production amid volatile fuel prices and Middle East tensions.
Active fuel wholesalers would have to determine their fund balances as of the day before the decree takes effect and transfer all positive balances to the Ministry of Finance’s account.
Fuel prices have risen in four consecutive adjustments for petrol and three for diesel, adding to costs for businesses ranging from livestock producers to transport operators.
Experts said pig farming must be developed through integrated supply chains linking breeding, farming, slaughtering, processing and final products to help producers control costs, improve traceability and strengthen their ability to compete with imported meat.
The National Power System and Market Operation Company (NSMO) forecasts that nationwide peak demand could approach 100,000-110,000 MW by 2030, almost double current levels.
There is virtually no room for further consumer price index (CPI) increases in the remaining months of the year, and ministries, sectors and localities must focus on effective price management.
Ten of the 11 groups of consumer goods and services in the CPI basket recorded price increases in August, while food and catering services was the only group to see a decline, edging down 0.03 per cent from the previous...
The total rice export value is forecast at around US$3.94 billion for this year, down about 4 per cent from last year due to low average export prices in the first months of the year.