THE GOVERNMENT DIRECTS TO REDUCE ELECTRICITY PRICE
On April 09, 2020, the Government issues the Resolution No. 41/NQ-CP on the Government’s regular meeting on March 2020, stating some solutions for socio-economic development during the COVID-19 pandemic.
Regarding solutions to promote social housing development, the Government requests to supplement an additional VND 1,000 billion for Vietnam Bank for Social Policies as stimulated under Resolution No. 71/2018/QH14 and add VND 2,000 billion to subsidize interest rates for 04 commercial banks appointed by the State Bank of Viet Nam to provide support for social housing lending.
Regarding the draft Resolution on measures to support people facing difficulties due to the COVID-19 pandemic, the Government requires to ensure the following principles: Supporting those whose income had significantly reduced, those losing jobs, or having their employment stopped, and unable to sustain a minimum living standard due to direct impact of the COVID-19 pandemic and avoid stretching support to all subjects.
The Government also requests the Ministry of Finance to reduce electricity price and electricity expenses for electricity users to remove difficulties in the context of the COVID-19 pandemic following the proposal of the Ministry of Industry and Trade.
This Resolution takes effect on the signing date.
