The Government requires adjusting electricity prices at appropriate levels and times.

Along with thoroughly ensuring no shortage of electricity and gasoline, according to Dan Tri Newspaper, the Government requires adjusting the prices of electricity, medical services, education... at appropriate levels and times, limiting the impact on inflation.

This is one of the directions emphasized in the resolution of the regular Government meeting in January 2024 just issued by the Government.

Government: Research on adjusting family deductions for personal income tax calculation

In the resolution of the regular Government meeting in January 2024, according to VTV, the Government requested the Ministry of Finance to synchronously and effectively implement solutions on taxes, fees and charges issued by competent authorities; promptly propose and report to competent authorities on policies on exemption, reduction and extension that need to be applied in the coming time.

Notably, the Government requested the Ministry of Finance to study and propose to the Government to adjust the family deduction level in calculating personal income tax to support and remove difficulties in people's lives.

Currently, the family deduction is 15.4 million (including personal deduction of 11 million and dependent deduction of 4.4 million), maintained from July 2020.

Electricity consumption drops sharply during Tet, warning that renewable energy will have to be discarded

The National Power System Dispatch Center (EVNNLDC, also known as A0) has just sent an open letter to power generation units and power corporations about coordination to ensure continuous and stable power supply and ensure power quality during Tet holidays.

According to A0, it is inevitable that capacity cannot be fully mobilized from all types of power sources, including renewable energy sources (such as small hydropower, biomass power, solar power plants, rooftop solar power and wind power).

a0 evn 717.jpg
The National Power System Control Center requests power generation units and power corporations to closely coordinate in ensuring electricity for the 2024 Lunar New Year.

A0 requests that power generation units absolutely comply with the power plant's power control and dispatch orders when there is excess power or congestion to ensure the stability of the power system (frequency, voltage, etc.). (See more)

Prime Minister issues telegram to clear way for agricultural products to be exported to China

Prime Minister Pham Minh Chinh has just signed an official dispatch on strengthening logistics connectivity to promote consumption and export of agricultural, forestry and fishery products.

The Prime Minister requested immediate support for the exploitation of the Vietnam-China international railway container transport route to increase the volume of agricultural, forestry and fishery products transported by rail to reduce congestion and road congestion at border gates. (See more)

Newly opened securities accounts skyrocket in the month before Tet

Vietnam Securities Depository and Clearing Corporation (VSDC) has just announced the number of securities trading accounts of domestic and foreign investors as of the end of January 2024.

Tuoi Tre newspaper cited data from VSDC saying that the total number of investor accounts was more than 7.41 million, an increase of more than 125,300 accounts compared to the end of December 2023.

Notably, the number of new accounts increased sharply, mainly among domestic individual investors. Specifically, this group opened 125,048 new accounts in just one month, bringing the cumulative number to more than 7.35 million accounts by the end of January 2024.

The number of domestic institutional investor accounts also increased by 121 accounts, reaching 16,356 by the end of January 2024. The remaining number of foreign trading accounts (both organizations and individuals) was 45,571 accounts, an increase of 187.

State Bank requires boosting lending from the first months of the year

The State Bank of Vietnam (SBV) has just issued an official dispatch on credit growth in 2024 to credit institutions and foreign bank branches.

According to Monetary Security, the State Bank of Vietnam said that credit growth in early 2024 was quite low compared to recent years. Therefore, the State Bank of Vietnam requested credit institutions to promote credit growth solutions from the first months of 2024.