26.2 C
Ho Chi Minh City
Monday, February 9, 2026

CATEGORY

Features

Roadmap needed for gasoline vehicle ban

The news that the prime minister has requested Hanoi City to implement a ban on fossil fuel motorcycles and mopeds in the city center—specifically in the area inside Belt Road 1—starting in mid-2026 has sparked a range of reactions, with initial responses largely in agreement. In recent years, growing concern has surrounded Hanoi’s ranking as the second most polluted city in the world according to IQAir. The deterioration in air quality is increasingly evident to commuters and pedestrians alike, especially as the number of gasoline vehicles continues to rise across the city. Developing and implementing a roadmap to phase out fossil fuel vehicles is not just necessary—it is urgent. However, alongside general support for the ban, many have stressed the need for a clearly defined roadmap—one that not only sets out the timeline for implementation but also outlines supportive measures to ease the transition for citizens. The most pressing question from the public is how to switch from gasoline vehicles to electric ones, given the significant cost involved for many households. Therefore, the roadmap should include incentives such as tax exemptions or transferable tax credits for electric vehicle purchases. Rather than offering direct subsidies, the Government could provide credits that […]
To read more, please click here.

Potential challenges amid strong credit growth

If the pace of credit growth observed in the first half of 2025 continues, the full-year growth rate could reach 18–20%. This upward trajectory...

Toward green transportation

HCMC is placing green transportation at the forefront of its strategy to cut emissions, improve air quality, and enhance urban efficiency. However, if efforts...

From growth engine to global gateway

Over 100 business leaders gathered in HCMC on July 17 for a brand franchising seminar, organized by the 2030 Business Club under the Saigon...

What to expect from Q2 business results?

The VN-Index has surged by more than 12% over the past month, making Vietnam one of the world’s top-performing stock markets. As the peak...

When to scrap credit growth caps?

On July 6, 2025, in Directive No. 104 on enhancing the effectiveness of monetary and fiscal policy management, the prime minister directed the State...

A safety buffer needed

The mechanism of controlling credit growth through administrative quotas has led to suboptimal capital allocation in the economy via the commercial banking system. It...

Removing barriers to e-commerce

After more than a decade of development, e-commerce has become a key sales channel for hundreds of thousands of businesses. However, certain unnecessary administrative...

Looking toward the future

Over the past thirty years, trade cooperation has been the cornerstone of the Vietnam–U.S. relationship. To move further forward, both sides need to shift...

Going beyond KPI

Nearly 80% of Vietnamese companies have adopted performance management systems, but inconsistent implementation across organizational levels has limited their effectiveness. As a result, business...

Latest news