Local residents and enterprises are struggling with the rising prices of fuels and input materials, so many experts have proposed cutting taxes on fuels to support the country’s economic growth.

Domestic gasoline retail prices have been revised down by VND110-410 per liter after having risen seven consecutive times, according to an announcement jointly issued by the ministries of Industry-Trade and Finance on July 1.

The Ministry of Finance has proposed reducing the excise and value added taxes on fuels amid rising fuel prices.

Vietnam’s gross domestic product (GDP) expanded 7.72% in the second quarter of this year, the highest for the quarter since 2011, according to the General Statistics Office.

Due to rising airfares, domestic tours are more expensive than outbound tours, according to the Vietnam Tourism Association.

Deputy Prime Minister Le Van Thanh has asked the Ministry of Transport and localities where the eastern North-South Expressway project in the 2021-2025 period will pass through to award no-bid contracts to companies involved in some packages of the project.

Airlines have been continuously increasing airfares due to soaring fuel prices and the strong travel demand in the summer season.

Airfares for flights to tourist destinations in Asian, European and American countries have soared by 20%-35% against the pre-pandemic levels.

Phu Quoc, an island city off the Mekong Delta province of Kien Giang, is looking to serve some 15 million visitors per year by 2040, it was announced at a conference held in the city on June 24.

A Korean Air flight transporting over 200 passengers from the Incheon international airport landed in Danang City on June 22, marking the South Korean largest airline’s resumption of the direct air route to Danang City after a hiatus of two years due to the Covid pandemic.