MoT proposes road use fee exemption to help transport firms

The burden on transport enterprises will be reduced if a proposal for a three-month exemption of road maintenance fees is approved, the Ministry of Transport has said.
MoT proposes road use fee exemption to help transport firms ảnh 1Buses at a bus station in Hanoi amid the COVID-19 pandemic (Photo: tienphong.vn)
Hanoi (VNA/VNS) - Theburden on transport enterprises will be reduced if a proposal for athree-month exemption of road maintenance fees is approved, the Ministry ofTransport has said.

Minister of Transport Nguyen VanThe said the ministry would propose the Ministry of Finance consider themaintenance fee exemption for transport enterprises affected by the COVID-19pandemic in the past three months.

The move was considered asupportive policy to help enterprises hit hard by the COVID-19 outbreak toovercome financial difficulties and resume operations.

Those who were granted badgesand signs by the departments of transport would be eligible for thepolicy, he said.

The said he has asked theDirectorate for Roads of Vietnam and the Vietnam Automobile TransportAssociation to urgently work with localities and transport enterprises tosynthesise data and analyse and assess their losses during the pandemic.

Based on the estimated losses,the two units would propose a plan to reduce road use charges for the threemonths of March, April and May.

The task must be completed andreported to the ministry before May 15.

The ministry would consider theplan and propose it to the Ministry of Finance for approval, he said.

Last month, the VietnamAutomobile Transport Association sent a petition to the Government and theMinistry of Transport to ask for supportive measures to exempt road use feesfor enterprises forced to halt operations.

The association askedcommercial banks to support a 50 percent reduction of loan interest rates forApril, May and June, apply a preferential interest rate which did not exceed 6 percentper year for businesses, reschedule debts within 6-12 months for businesses,and continue to lend with preferential interest rates for enterprises toresume their operation.

It said enterprises andlabourers should be exempt from paying social and health insurance andunemployment insurance until June.

It also said the roadmaintenance fees should be exempted until this December. Other additionalparking fees at airports and bus stations should be free.

The association proposed toreduce 50 percent of registration fees for newly registered vehicles, whichshould be applied until the end of this year./.
VNA

See more

At the launching ceremony of the "Empower Youth for Future Success in Ha Nam Province" programme. (Photo: CED)

Empower youth for future success in Ha Nam province

The "Empower Youth for Future Success in Ha Nam Province" program is designed to equip these young people with a comprehensive set of skills, including social, financial, employability, and entrepreneurship skills.

Omoda & Jaecoo Vietnam looks to expand EV charging network. (Photo: VNA)

Omoda & Jaecoo Vietnam looks to expand EV charging network

The partnership brings together industry leaders: EBOOST (EVMobility) specialising in personal charging solutions, EV Power in charging station development, EV Pay in digital payment services, Rabbit EVC in integrated charging solutions, and Nova Energy in large-scale renewable energy projects.

📝 OP-ED: Private economic sector with aspiration for groundbreaking development

📝 OP-ED: Private economic sector with aspiration for groundbreaking development

This message from Party General Secretary To Lam in his recent article "Developing private economic sector – A lever for a prosperous Vietnam" marks a turning point in the awareness about the private economic sector’s important role while touching on the aspiration for groundbreaking development of the country's most dynamic economic industry today.

Nguyen Doan Hoai Thu currently working at the Luxembourg Chamber of Commerce (Photo: VNA)

Vietnamese intellectuals in Luxembourg share experience in building int’l financial centre

Pham Thi Huong Ly, Master of Accounting and Audit, Financial Reporting Manager at Aztec Luxembourg which specialises in investment fund financial services, shared that drawing from her experience in Luxembourg, Vietnam, and Singapore to establish a successful international financial centre, it is necessary to build a transparent institutional framework that protects investor rights.

Geely Auto launches three competitively priced versions, Standard, Premium, and Flagship. (Photo: VNA)

Chinese auto giant stakes its claim in Vietnamese market

Geely clearly demonstrated its green and sustainable direction with the all-electric Geely EX5, which stands out with its powerful 218-horsepower electric motor, 320 Nm of torque, and a 60.2 kWh battery capacity allowing the vehicle to travel up to 430 kilometres on a full charge.

Workers process agricultural products for export. (Photo: VNA)

Vietnam's small business growth soars to a four-year high

The survey findings released in Ho Chi Minh City on March 21 show that the growth momentum is expected to accelerate in 2025, with 92% of small businesses expecting to grow, the highest projection among 11 markets surveyed.