Vietnam Airlines currently focuses on domestic flights as the COVID-19 pandemic is still affecting travel worldwide. (Photo: Vietnam Airlines)
Hanoi (VNA) - TheMinistry of Finance (MoF) has proposed to cut environmental protection tax on jetfuel by 30 percent, from 3,000 VND to 2,100 VND per litre.
Thereduction is expected to help remove difficulties for the aviation industry dueto the serious impact of the COVID-19 pandemic.
The ministry is collecting ideasand contributions from ministries and sectors to theNational Assembly Standing Committee’s draft resolution on environmentalprotection tax on jet fuel.
Theministry calculated that with such a reduction, the State budget revenue will decrease 87.33 billion VND (3.75 million USD) per month. However, the cut will help airtransport businesses ease the financial burden and maintain business operationsas the COVID-19 pandemic is still serious and unpredictable worldwide.
Thefinance ministry asked ministries, sectors, localities and agencies to sendtheir comments before June 10, 2020. This resolution is expected to beeffective until the end of this year./.
Increasing ceiling rates for airfares would bring more opportunities for local aviation firms to have flexible and suitable price policies in the domestic aviation market.
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Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
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Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Vietnam Airlines currently focuses on domestic flights as the COVID-19 pandemic is still affecting travel worldwide. (Photo: Vietnam Airlines) 
