Vietnam imported petroleum products worth US$5 billion the first half of the year, surging by 128% year on year.

The price increases of crude oil and input materials of many industries have led to increases in finished products, putting a burden on businesses and people.

Vietnam’s manufacturers are facing an uphill task to keep operation amid restriction measures.

The Government is drafting second economic relief packages aimed at assisting the national economy, especially businesses, in the face of the ongoing COVID-19 crisis.

The U.S. Federal Reserve raised interest rates on Wednesday and signaled a faster pace of increases in 2017 as central bankers adapted to the incoming Trump administration's promises of tax cuts, spending and deregulation. 

Hanoians’ dream of owning cheaper cars after the tax cuts under the ASEAN Free Trade Agreement (FTA) may be dashed as local authorities are considering applying a quota scheme in an effort to restrict the number of cars in circulation.

Vietnamese businesses must pay attention to non-tariff measures included in free trade agreements to be able to grab opportunities for promoting exports, experts said.

A majority of National Assembly deputies were in agreement that some amendments should be made to the existing Law on Corporate Income during discussions held on May 29 in the capital as the NA's thirteenth session continued.