Vietnam Today

Within the framework of his official visit to the UK, on June 29, in London, National Assembly (NA) Chairman Vuong Dinh Hue received leaders of a number of British corporations investing in Vietnam, who made many key commitments. Prudential committed to cooperating with Vietnam in three initiatives: green investment, insurance technology, and the development orientation of Ho Chi Minh City in becoming an international financial center. Standard Chartered, meanwhile, committed to helping Vietnam improve its credit rating.

Second-quarter growth outpaces Q2 results in all of 2011-2021 period.

Ho Chi Minh City introduced 20 projects currently calling for investment at the Vietnam - Europe Business Forum 2022, organized by the Investment and Trade Promotion Center of Ho Chi Minh City (ITPC) on June 30. The projects are in the fields of infrastructure, education, healthcare - hospitals, and transportation.

In the tax structure for calculating gasoline prices, the Ministry of Finance (MoF) has proposed reducing rates on four types of taxes, including most favored nation (MFN), environmental protection, excise, and VAT. Although the reductions to excise taxes and VAT have not been announced, these are expected to stop the record increase in gasoline prices.

A number of policies from the government that will improve many aspects of life will take effect from July, including adjustments to 37 fees and charges to support businesses, increasing regional minimum wages, issuing passports with chips, and changing university admission regulations.

At a national conference on June 30 to review ten years of fighting corruption in the 2012-2022 period, Party General Secretary Nguyen Phu Trong touched on five groups of tasks and key solutions. It is necessary to synchronously improve institutions, promptly overcome inadequacies, and close any “gaps” so that “corruption cannot happen”.