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Quang Ngai’s infrastructure investment focus Quang Ngai province’s planning has clearly outlined a roadmap for investing in a series of important infrastructure projects to promote economic growth, building the province into one of the most well-developed in the entire country.
Despite a state coffer surplus for most of the year, Vietnam is expected to see a deficit in the budget for the whole of 2023, with some fiscal initiatives on assisting businesses applied.
Quang Ngai is set to create a series of development spaces.
While the Vietnamese government has yet to decide on the reduction of the environmental protection tax on petrol, concerns have been raised regarding petrol imports, as local refineries already face losses due to impending machinery shutdowns, such as at Dung Quat Refinery.
PV Oil, a Petrovietnam subsidiary, has doubled its Jan-Sept profit year-on-year to VND628 billion ($25.56 million), with an opening spree in new retail outlets and soaring sale volumes.