Topic: transport enterprises

Gasoline prices have now fallen by more than 20 per cent compared to a month ago, and businesses and individuals are both looking forward to substantial reductions in freight rates. The Hanoi Department of Transport has said that about 30 per cent of the city’s transport companies have cut their rates, by an average of 5-10 per cent.

Despite freight rates having been adjusted, it remains difficult to cope with escalating gasoline prices. To remove difficulties facing businesses and to implement solutions to stabilize prices and control inflation, the Directorate for Roads has proposed cutting VAT rates for transportation services as well as corporate income tax rates.