The government requires electricity prices to be adjusted at appropriate levels and times.
Along with ensuring there are no shortages of electricity and fuel, according to Dan Tri Newspaper, the Government has requested adjustments to the prices of electricity, medical services, education , etc., at appropriate levels and times, limiting the impact on inflation.
This is one of the directives emphasized in the resolution of the regular government meeting in January 2024, which has just been issued by the Government.
Government: Studying adjustments to the personal income tax deduction for dependents.
According to VTV, in the resolution of the regular government meeting in January 2024, the Government requested the Ministry of Finance to implement synchronously and effectively the solutions on taxes, fees, and charges that have been issued by competent authorities; and to promptly propose and report to competent authorities on policies for exemption, reduction, and extension that need to be applied in the coming period.
Notably, the Government has requested the Ministry of Finance to research and propose adjustments to the personal income tax deduction to support and alleviate difficulties in people's lives.
Currently, the personal allowance is 15.4 million VND (including a personal allowance of 11 million VND and a dependent allowance of 4.4 million VND), which has been in effect since July 2020.
Electricity consumption plummets during Tet holiday, raising concerns that renewable energy sources will have to be discarded.
The National Power System Dispatch Center (EVNNLDC, also known as A0) has recently sent an open letter to power generation units and power corporations regarding coordination to ensure continuous, stable, and high-quality electricity supply during the Tet holiday.
According to A0, it is unavoidable that the full capacity of all types of power sources, including renewable energy sources (such as small hydropower, biomass power, solar power plants, rooftop solar power, and wind power), cannot be utilized.
A0 recommends that power generation units strictly comply with dispatch orders to control power plant capacity when there is excess power or circuit congestion to ensure the stability of the power system (frequency, voltage, etc.). (See more)
The Prime Minister issued a directive to facilitate the export of agricultural products to China.
Prime Minister Pham Minh Chinh has just signed a directive on strengthening logistics connectivity to promote the consumption and export of agricultural, forestry, and aquatic products.
The Prime Minister requested immediate support for the operation of the Vietnam-China international railway container transport route to increase the volume of agricultural, forestry, and aquatic products transported by rail, thereby minimizing congestion and traffic jams on roads at border crossings. (See more)
New securities accounts opened surged in the month leading up to Tet (Lunar New Year).
The 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.
According to Tuoi Tre newspaper, citing data from VSDC, the total number of investor accounts is over 7.41 million, an increase of more than 125,300 accounts compared to the end of December 2023.
Notably, the sharp increase in new account openings was mainly among domestic individual investors. Specifically, this group opened 125,048 new accounts in just one month, bringing the cumulative total to over 7.35 million accounts by the end of January 2024.
The number of domestic institutional investor accounts also increased by 121, reaching 16,356 by the end of January 2024. Meanwhile, the number of foreign trading accounts (both institutional and individual) was 45,571, an increase of 187.
The State Bank of Vietnam has requested a boost in lending starting from the first months of the year.
The State Bank of Vietnam (SBV) has recently issued a document regarding credit growth in 2024 to credit institutions and branches of foreign banks.
According to Financial Security, the State Bank of Vietnam (SBV) stated that credit growth in early 2024 was quite low compared to recent years. Therefore, the SBV requested credit institutions to accelerate measures to boost credit growth from the first months of 2024.
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