Tax Cuts and Fee Reductions Set to Take Effect Soon | Company

Increases in fuel prices lead to higher product prices.

The prices of goods and services sold in traditional markets and food and drink shops in the city have not yet fallen. As a result, vegetable prices jumped 30-40% compared to normal days.

Supermarkets, such as Co.opmart, MM Mega Market offer promotional programs with significant discounts on many products. These items were to be delivered to supermarkets at stable prices by the companies a few months to a year ago.

The sharp fall in the price of gasoline should control the consumer price index (CPI); prices of essential products, manufacturing and commercial activities, in particular transport services; and fishing, agriculture and tourism exploitation activities, which are booming, said an official from the Ministry of Industry and Commerce.

Many transport companies increased their fares due to high fuel prices, which accounted for 30-40% of the total cost. Lower oil prices are only helping companies slow down their plans to raise prices, but prices for goods and services will remain high, said economic expert Vu Vinh Phu.

Tax reductions and fee reductions expected to take effect soon ảnh 2 Many transport companies have increased their fares due to high fuel prices.

Chairman of the Hanoi Taxi Association, Nguyen Cong Hung, said the sharp increase in gasoline prices is putting pressure on transport operators, forcing companies to raise prices for services to continue operations after have suffered a lot during the Covid-19 pandemic. The association plans to increase the cost of transport from 1,000 to 1,500 VND per kilometer, he added.

Kerosene prices keep rising. The Civil Aviation Authority of Vietnam (CAAV) has proposed to the Ministry of Transport to launch cost-cutting solutions to ease the burden on aviation companies, said CAAV director Dinh Viet Thang.

By Staff Writers – Translated by Kim Khanh

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