The Prime Minister has approved the Ministry of Industry and Trade (MoIT)’s proposal to cut power bills for households for two months in provinces and cities applying social distancing, the ministry announced on Saturday.
The Ministry of Industry and Trade (MoIT) has decided to cut power bills for businesses and households by 10 per cent over the next three months to ease their difficulties amid the COVID-19 pandemic.
The Ministry of Industry and Trade (MoIT) has proposed cutting power bills for businesses and households over the next three months to help them cope with the COVID-19 pandemic.
The State Bank of Viet Nam (SBV) on Tuesday ceased the issue of bills to withdraw money out of the banking system for the first time in nearly two months.
The Ministry of Industry and Trade has proposed a new retail electricity tariff which is divided into five rates instead of six. In this option, 98.2 per cent of households in the country would see no increase or even lower power bills.
The money market is seeing the first signs of loosening though the State Bank of Viet Nam has yet to make a decision on reducing benchmark interest rates.
Liquidity in the interbank market has been abundant, helping the State Bank of Viet Nam (SBV) resume the issuance of treasury bills after five months to withdraw Vietnamese dong from the banking system.