With the National Assembly set to reduce VAT from 10 to 8 per cent for six months from July 1, some of its deputies argue that the tax cut should be bigger and last longer to support individuals and businesses in the current difficult times.

The Ministry of Science and Technology is working with the Ministry of Agriculture and Rural Development to negotiate with the US to set up an irradiation centre in the northern region to facilitate fruit export.

NA Chairman Vuong Dinh Hue has emphasised the need to build mechanisms and policies to encourage firms’ investment in science and technology and promote the connection with domestic and foreign sci-tech research organisations and overseas investors.

Minister of Industry and Trade Nguyen Hong Dien says Vietnam imports electricity from China and Laos, but the import volume is small, and is mostly provided to border areas.

The time frame should be extended to 2024 to give the economy more time to absorb the fiscal stimulus

Around 100 projects have been found eligible for soft loans in the VND120-trillion credit package since it was rolled out one month ago.