The escalating oil and gas prices would reduce and even neutralise the effect of the 2-percent VAT cut which was intended to stimulate consumption, stir growth and reduce inflation pressure, thus resulting in failure to achieve the growth target, losses to the budget and rising inflation, according to Nguyen Bich Lam, former Director General of the General Statistics Office (GSO).
Hyundai Thanh Cong Commercial Vehicle (HTCV), a joint venture between the Vietnamese Thanh Cong Group and the Republic of Korea’s Hyundai, on May 15 announced the recall of 23,587 Hyundai Tucson vehicles for fuse change and software update of the Anti-lock Brake System (ABS).
A pair of trains that run daily between Hanoi and Ho Chi Minh City will be suspended as from March 26 due to the impact of the COVID-19 epidemic, Hanoi Railway Transport JSC has announced.
The northern midland province of Vinh Phuc has maintained its export growth thanks to businesses’ efforts to access new markets and optimise opportunities from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The Embassy of China in Laos on August 20 confirmed that at least eight Chinese citizens were killed while 29 people were injured and one remained missing after a bus crash in northern Laos.
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