The government and the House of Representatives (DPR) of Indonesia have agreed to reduce the volume of subsidised fuel in the 2025 Draft State Budget (RAPBN), aiming at ensuring a more targeted distribution of subsidies.
The Philippines, one of the world's largest rice buyers and biggest importers of the Vietnamese grain, officially announced a reduction in rice import taxes from 35% to 15%, effective in early August this year and lasting until 2028.
The Ministry of Finance has recently put forward a proposal to the government to bring down value-added tax (VAT) from 10% to 8% for a number of goods and services to boost the economy.
Transportation firms have welcomed the Ministry of Finance’s recent move to reduce road maintenance fees by up to 30 percent to aid businesses hit hard by the COVID-19 pandemic.
Vietjet Air will reduce ticket prices by 40 percent for night flights from Tan Son Nhat International Airport in Ho Chi Minh City to other provinces during Lunar New Year (Tet).
The Prime Minister has approved policies to support development in ethnic minority and mountainous areas in 2017-2020, which aim to reduce the poverty ratio in the areas by 3-4 percent annually
The PM has approved the National Target Programme on Sustainable Poverty Reduction in 2016-2020, which aims to cut the rate of poverty among households nationwide by 1- 1.5 percent each year.
The Saigon Petro Company on February 1 reduced the retail price of a 12kg cooking gas canister in HCM City by 20,500 VND (0.92 USD) to 257,000 VND (11.55 USD).
Canon Vietnam teamed up with the Youth Union of Bac Giang province on November 21 to launch an environment clean-up programme following the well-known 3R practice – Reduce, Reuse, and Recycle.
