Passengers get refund if flight is 5 hours late
From September 1, if a flight is delayed by 15 minutes or more, passengers will be served meals and accommodation by the airline. If the delay is 2 hours or more, passengers have the right to request the airline to change to another flight free of charge. In case of a delay of 5 hours or more, the airline must refund the ticket price to the passenger.
These are the notable points in Circular No. 19/2023 amending, supplementing and abolishing a number of articles of circulars regulating air transport recently issued by the Ministry of Transport. (See more)
Allow home buyers to borrow from one bank to repay another bank
From September 1, lending to pay off an old loan in advance at another bank is no longer limited to production and business purposes but also applies to borrowers for living purposes. Accordingly, customers can transfer their home loan from one bank to another (with low interest rates and many incentives) more easily and profitably.
That is the notable content in Circular 06 recently issued by the State Bank of Vietnam (SBV).
Ministry of Industry and Trade talks about mechanism for rooftop solar power
The Ministry of Industry and Trade has just sent a report to the Prime Minister on building a mechanism to encourage the development of rooftop solar power (RTSP) installed in homes and offices in Vietnam.
The Ministry of Industry and Trade believes that the approved Power Plan VIII sets a target of increasing the capacity of rooftop solar power (regardless of type) and self-produced and self-consumed solar power by about 2,600 MW by 2030. With this scale, there is no need to issue an incentive mechanism for the installation of rooftop solar power. (See more)
Electricity and food prices 'pull' CPI up
Data released by the General Statistics Office shows that the consumer price index (CPI) in July 2023 increased by 0.45% compared to the previous month. On average, in the first 7 months of this year, the CPI increased by 3.12%.
The General Statistics Office said that the increase in food prices and electricity prices were the main reasons for the CPI increase in July 2023.
In July, the economy had some positive points such as the industrial production index increased slightly, and the disbursement of public investment capital reached VND58,500 billion, up 28.4% over the same period last year. (See more)
Bank deposits continue to increase despite rapid decline in interest rates
As of the end of May 2023, people's deposits at credit institutions reached a record level of VND6,347 trillion, an increase of more than VND677 trillion compared to the end of last year. Meanwhile, deposits from economic organizations reached VND5,74 trillion, a decrease of 3.45% compared to the end of last year.
Notably, residents' deposits continue to break records in the context of market interest rates having tended to decrease since the beginning of the year. (See more)
Vietnamese people import and eat more than 46,000 tons of pig's feet, ears, tongues...
According to the Department of Animal Husbandry, in the first 6 months of 2023, pork imports reached more than 41,483 tons, down 8% in volume compared to the same period in 2022.
Notably, imports of edible pig by-products reached 46,070 tons, a sharp increase of 78% over the same period in 2022. By-products such as pig's feet, ears, noses, tongues, etc. were imported to serve domestic consumption needs. (See more)
International visitors to Vietnam in July are the highest since the pandemic
According to the Vietnam National Administration of Tourism, in July 2023, Vietnam welcomed 1,038.6 million international visitors, up 6.5% over the previous month and 194.6% over the same period in 2022.
This is the first month since the beginning of 2023 and after the Covid-19 pandemic that the tourism industry has welcomed over 1 million international visitors. (See more)
EVN proposes early adjustment of electricity prices
Considering the possibility of not having enough money to pay for electricity purchases for power generation units in the coming time, Vietnam Electricity Group (EVN) has proposed that the Government and ministries and branches allow for early adjustment of retail electricity prices.
Previously, on May 4, the average retail electricity price was adjusted up by 3% (from VND 1,864.44 to VND 1,920.3732/kWh). (See more)
EVN needs to ensure enough electricity for next year, speed up power and grid projects
Reporting at a working session with the National Assembly Standing Committee's monitoring delegation on the afternoon of July 26, Mr. Dang Hoang An, new Chairman of EVN's Board of Directors, said that the total installed capacity of power sources nationwide to date is 79,364MW.
Vice Chairman of the National Assembly Nguyen Duc Hai requested EVN to find solutions to overcome limitations and shortcomings; at the same time, focus on solutions to ensure adequate electricity supply in 2024-2025. (See more)
Prime Minister directs inspection of insurance sales activities through banks
Prime Minister Pham Minh Chinh has just signed a document on solutions to improve businesses' access to credit.
Notably, the Prime Minister requested the Ministry of Finance to preside over and coordinate with the State Bank and relevant agencies to urgently inspect, examine and supervise the provision of insurance services, the sale of insurance through banks (bancassurance) and the operations of insurance companies. (See more)
Second quarter bank profits fall sharply, risk provisions soar
Many banks have announced their financial reports for the second quarter of 2023 with business results that are not very positive compared to the same period last year.
Most banks recorded a sharp decline in profits and skyrocketing risk provisions. (See more)
Global Minimum Tax: Vietnam Wants to Apply from 2024
Vietnam supports and proactively applies global minimum tax regulations from 2024, creating a favorable mechanism to encourage businesses to pay additional taxes in Vietnam.
The Ministry of Finance has submitted a document to the Ministry of Justice asking for comments on the proposal to draft a National Assembly Resolution on applying additional corporate income tax according to regulations against global tax base erosion.
The Ministry of Planning and Investment has a document requesting the Ministry of Justice's appraisal opinion on the proposal to pilot the investment support policy when applying the global minimum tax by using the method of offsetting the tax obligations of enterprises or being paid directly with money from the state budget. (See more)
Fear of being scammed when exporting pepper and cashew to the Middle East, Ministry of Industry and Trade warns
The Ministry of Industry and Trade has just sent a diplomatic note to the UAE Embassy in Hanoi requesting the Embassy to notify relevant authorities to review and handle the case of suspected fraud in exporting cashews, cinnamon, and pepper to Vietnamese enterprises.
A report from the Vietnam Trade Office in the UAE said that the Trade Office had received a report from a number of Vietnamese enterprises with the same content, accusing an importer in the UAE and a collecting bank in Dubai of defrauding them into signing contracts to buy cinnamon, pepper and cashew. (See more)
Source
Comment (0)