Ministry of Industry and Trade requests gasoline and oil businesses not to hoard goods waiting for price increases
The Domestic Market Management and Development Department (Ministry of Industry and Trade) requests key enterprises and gasoline and oil distributors to proactively create sources, ensure sufficient supply, and not interrupt the supply of goods in any situation. Enterprises must implement the minimum output and gasoline and oil supply plan for 2026 that have been assigned.
Key traders are required to proactively forecast the market, diversify domestic and import supply sources, maintain gasoline and oil reserves, and ensure full supply for the entire distribution system, especially in remote and isolated areas. The Ministry also emphasized the requirement not to hoard goods waiting for price increases and maintain continuous retail operations.
The Domestic Market Management and Development Department will strengthen inspections of imports, reserves and ensure supply of enterprises. Cases of violation of regulations, causing shortages or disruptions to gasoline and oil supply will be strictly handled according to the provisions of law. See more...
Peak hour electricity prices: "Saving money is also difficult to avoid high hourly prices
The Ministry of Industry and Trade proposes to study applying electricity prices according to time frames for living customers when they meet technical conditions. However, many workers believe that it is very difficult to avoid using electricity during peak hours because living time is mainly concentrated after work.
Many workers said that activities such as cooking, bathing, turning on the air conditioner or washing clothes all take place from about 6:30 pm to 10 pm. If the electricity price at peak hours is higher, they are still forced to use electricity, while investing in solar power or electricity storage systems exceeds their financial capacity.
According to Dr. Nguyen Xuan Quang - Institute of Energy Technology, Hanoi University of Science and Technology, the new proposal is a long-term orientation and has not been applied immediately. The Ministry of Industry and Trade needs to carefully assess the impact on the low-income group, because if implemented simultaneously, hourly electricity prices may increase the burden of living costs for those who have difficulty changing habits or investing in energy-saving equipment. See more...
Gold ring prices prolong their decline, trading becomes more active
Domestic gold prices on July 1st continued to decrease, lower by about 12.1 million VND/tael compared to a month ago. In Hanoi, the number of transaction customers is still stable, there is no longer queuing, and the buying and selling time is shortened.
Some elderly customers said they face difficulties because they do not understand the regulations that transactions from 20 million VND or more must be paid by bank transfer. Meanwhile, many young people are concerned that information about buying and selling gold bars will be subject to personal income tax, but the Ministry of Finance affirms that it has not been applied immediately. Personal Income Tax Law No. 109/2025/QH15 assigns the Government to regulate the value threshold and tax collection time. See more...
Tighten online sales management, towards protecting consumers
The Law on E-commerce has officially taken effect, tightening the management of online sales and livestreaming activities. Sellers must provide complete documents proving the origin, quality of products, business conditions and be responsible for the information provided, in order to overcome loopholes after many cases of selling fake goods and evading taxes.
According to lawyer Dao Thi Lien, Hanoi Bar Association, livestreamers must also refuse to cooperate if the seller does not provide complete legal documents. At the same time, the law strictly prohibits false advertising, causing confusion about the uses, origin, quality, selling price, promotions and warranty policies of the product. See more...
