The tax increases on alcoholic beverages should strike a balance between curbing consumption to protect the public''s health and crippling the beverage industry, said industry experts and policymakers.
Dr. Nguyễn Quốc Việt, Deputy Director of VEPR, discussed with Vietnam News Agency the 30 per cent increase in Việt Nam''s basic salary to VNĐ2.34 million on July 1, and concerns over potential market price hikes.
Although electricity prices were increased twice in 2023, Việt Nam Electricity (EVN) reported an after-tax loss of VNĐ26.77 trillion (US$1.053 billion) on rising electricity production costs, according to its audited financial report.
With many goods already witnessing sharp price increases in the first half of 2024, and incomes still struggling to bounce back from economic hardships, families are bracing for a potential squeeze on their budgets.
The MoF will coordinate with other ministries to set regulations on capital increases for State-owned credit institutions, especially the Bank for Agriculture and Rural Development of Vietnam (Agribank).
The State Bank of Viet Nam (SBV) has urged relevant ministries to revise regulations allowing State-owned commercial banks to use the State budget to hike capital.
Three mobile service providers, Viettel, MobiFone, and VinaPhone, have
been cleared of suspicions that they violated regulations on tariff
increases with their 3G fee hike.