NA deputies discuss curbing petrol prices, settling bad debts
Ensuring flexibility in curbing rising petrol prices and settling bad debts of credit institutions were scrutinised by National Assembly deputies on June 1 at a debate on the implementation of socio-economic development plans and the state budget in 2021 and in the first months of 2022 during the legislature's ongoing third session.
A staff sells fuel for a customer at a Petrolimex filling station in Hanoi. (Photo: VNA)
Hanoi (VNA) - Ensuring flexibility in curbing rising petrol prices and settling bad debts of credit institutions were scrutinised by National Assembly deputies on June 1 at a debate on the implementation of socio-economic development plans and the state budget in 2021 and in the first months of 2022 during the legislature's ongoing third session.
NA deputy Bui Manh Khoa from Thanh Hoa province suggested the NA assign its Standing Committee to adjust the special and value-added tax rates on petrol prices in 2022 to ensure flexibility in curbing rising petrol prices, thus contributing to curbing inflation.
The tax reduction may affect State budget revenue, however, he said that it can be offset by earnings from crude oil exports.
He added that currently, the Government is controlling the domestic petrol prices in line with those of the world.
Given the complicated development in the world situation, it is forecast that oil prices will continue to increase or maintain at a high level, thereby surging the prices of all kinds of products, affecting people's income and living conditions, Khoa said. Recently, the NA Standing Committee has decided to cut the environmental protection tax on petroleum products by 50 percent.
Regarding Government’s Resolution No. 42/2017/QH14 on piloting the settlement of credit institutions' bad debts, deputy Le Dao An Xuan from Phu Yen province said the extension of the entire content of the resolution does not meet its original goals.
He said that it is necessary to consider expanding the subjects covered by the resolution as well as supplementing regulations on the handling of bad debts that have no collateral as well as set forth solutions to deal with specific types of bad debts.
Deputy Nguyen Viet Ha from Tuyen Quang province suggested the Government continue to direct relevant ministries and agencies to finalise and implement guiding documents on the implementation of the resolution, aiming to fix shortcℱomings in the enforcement in the past time./.
The retail prices of oil and petrol continued to rise from May 23 following the latest adjustment by the Ministry of Industry and Trade and Ministry of Finance.
Legislators on May 31 debated the draft Law on amendments and supplements to a number of articles of the Law on Intellectual Property as part of the ongoing third session of the 15th National Assembly.
The National Assembly (NA) is scheduled to spend the whole day of June 1 discussing the supplementary assessment of the implementation of the socio-economic development plans and the state budget in 2021 and in the first months of 2022, within the framework of the ongoing third session.
The retail prices of oil and petrol continued to rise from June 1 following the latest adjustment by the Ministry of Industry and Trade and Ministry of Finance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
The ministry has instructed Vietnamese representative agencies in Israel, Iran, as well as those in neighbouring countries, to closely monitor the situation and request local authorities to ensure absolute safety for Vietnamese citizens living, studying, and working in high-risk areas.
A staff sells fuel for a customer at a Petrolimex filling station in Hanoi. (Photo: VNA) 
