The Ministry of Industry and Trade supporting the reduction of automobile registration fees is considered to have a positive effect on the auto industry in the context of the automobile market facing many difficulties.
On April 26, a conference was held by the Ministry of Industry and Trade to assess the state of rice exports in the first quarter of 2023 and discuss the management direction of rice exports in the near future.
According to reports from multiple petrol retailers, fuel wholesalers and distributors have once again lowered discount rates, which could result in the closure and suspension of operations for petrol retailers due to losses.
PM Pham Minh Chinh has asked the MoIT to take measures to ensure the supply of all key commodities, especially fuel, and to stabilize the country's distribution channels for the economy after the Tet holiday.
The scale of the domestic retail market is expected to increase from US$142 billion at present to $350 billion by 2025, contributing 59 percent of the national GDP, according to the Ministry of Industry and Trade (MoIT).
The Ministry of Industry and Trade plans to set a target of 6% growth in export value this year, considering unpredictable factors that can affect import-export, according to Deputy Minister Do Thang Hai.