Gasoline prices raised after mid-Jan hiatus
Retail gasoline prices in Vietnam increased by VND970-990 ($0.04) per liter on Monday after remaining unchanged mid-January.
RON 95-III gasoline went up to VND23,140 ($0.99) per liter, while E5 RON 92 hit VND22,320 ($0.95).
A motorcyclist refills at a gasoline station in Hanoi. Photo by The Investor/Trong Hieu.
Kerosene rose by VND770 to VND22,570 ($0.97) a liter, while diesel oil climbed by VND890 to VND22,520 ($0.96) per liter.
Vietnamese authorities have continued to avoid using the Fuel Price Stabilization Fund, and instead increased provisions for the fund, from VND103 to VND950 per liter for RON 95-III and VND121 to VND850 for each liter of E5 RON 92.
According to a National Assembly Standing Committee resolution, the environmental protection tax on gasoline and oil was adjusted from the beginning of 2023.
The tax rate applied to each liter of gasoline (except ethanol) is now VND2,000 ($0.08), diesel at VND1,000 ($0.04), kerosene VND600 ($0.03), fuel oil VND1,000, and lubricants and grease VND1,000 per kilogram.
Vietnam's inflation in 2022 was reined in at 3.15% compared with 2021's average, lower than the target of 4%.
This was a significant result, given that 2022 inflation was estimated at about 5.7% in developed countries and 8.7% in developing and emerging economies.
- Related News
- Read More
Thai PM committed to reshaping nation future
Thai Prime Minister Paetongtarn Shinawatra has recently vowed to redefine the country’s future by combining its unique strengths with cutting-edge technology, to build a brighter future.
Southeast Asia - Mon, December 23, 2024 | 10:03 pm GMT+7
Indonesia secures $7.4 bln in pledged investments from China
Indonesia has received new investment commitments worth $7.4 billion from China, according to Minister of Investment and Downstreaming and head of the Investment Coordination Agency (BKPM) Rosan Roeslani.
Southeast Asia - Mon, December 23, 2024 | 9:58 pm GMT+7
Thailand’s tourism forecast to grow strongly in New Year 2025
The Tourism Authority of Thailand (TAT) has predicted exponential growth for the country's tourism industry during the upcoming New Year festivities, which are expected to generate over THB62 billion ($1.8 billion) in revenue.
Southeast Asia - Mon, December 23, 2024 | 9:54 pm GMT+7
Malaysia Airlines grounds Airbus A330neo jet over safety concern
Malaysia Airlines has grounded its new Airbus A330neo jet just days after its maiden flight due to technical issues, local media reported.
Southeast Asia - Mon, December 23, 2024 | 9:51 pm GMT+7
Thailand’s agriculture predicted to grow by 1.8-2.8% in 2025
Thailand’s agriculture sector is expected to record growth 1.8-2.8% next year, helped by factors such as secure water resources, an improving economy, and higher demand for farm produce in the global market, according to the Office of Agricultural Economics (OAE).
Southeast Asia - Mon, December 23, 2024 | 9:43 pm GMT+7
Vietnam’s real estate sector may lead Q4 earnings growth: broker
The total earnings across all sectors in Vietnam are expected to rise by 25% year-on-year in the fourth quarter, with the real estate industry projected to lead the growth, according to a report.
Companies - Mon, December 23, 2024 | 8:35 pm GMT+7
Vietnam’s parliament asks gov’t to adjust draft Investment Support Fund decree
The government should adjust its draft decree on the Investment Support Fund, the National Assembly Standing Committee has requested.
Finance - Mon, December 23, 2024 | 6:00 pm GMT+7
Northern Vietnam province to complete site clearance for Samsung-Apple supplier Goertek next month
Vietnam’s northern province of Bac Ninh aims to complete site clearance for the Nam Son-Hap Linh Industrial Park project before the Lunar New Year (Tet) Holiday, to facilitate investment of Chinese electronics giant Goertek.
Industrial real estate - Mon, December 23, 2024 | 4:54 pm GMT+7
New laws, abrupt property price surges dominate headlines in Vietnam's 2024 real estate market
Vietnam’s real estate landscape has shown some bright spots in 2024 on the back of three new real estate-related laws, but continued to face challenges, including supply-demand imbalance and abrupt surges in home prices.
Real Estate - Mon, December 23, 2024 | 3:52 pm GMT+7
Vietnam's major meat producer Vissan appoints new general director
The board of directors of Vietnam's leading meat producer Vietnam Livestock Corporation (Vissan) has appointed Le Minh Tuan as its new general director, succeeding Nguyen Ngoc An.
Companies - Mon, December 23, 2024 | 3:46 pm GMT+7
Major developer Phat Dat acquires first land plot after 2 years
Phat Dat Real Estate Development JSC will buy a plot of land in District 3, Ho Chi Minh City for no more than VND650 billion ($25.5 million), its first land purchase since the country's bond debt crisis in late 2022.
Real Estate - Mon, December 23, 2024 | 3:34 pm GMT+7
Japan willing to help Vietnam with technology, training for nuclear power
Japan welcomed Vietnam to restart its nuclear power program and the former is willing to help the latter with its experiences, high technology, and workforce training.
Energy - Mon, December 23, 2024 | 2:35 pm GMT+7
Philippines’ Jollibee earns $7.4 mln from fried chicken in Vietnam in Apr-Sept
The Philippines’ Jollibee Foods Corporation (JFC) earned an EBITDA (earnings before interest, taxes, depreciation, and amortization) of PDP435 million ($7.4 million) from its global fried chicken chain Jollibee in Vietnam in April-September.
Companies - Mon, December 23, 2024 | 12:35 pm GMT+7
Vietnam one of the most dynamic, important pharma markets in Southeast Asia: Sandoz exec
Vietnam is one of the most dynamic and important pharma markets in Southeast Asia, and Sandoz, a Switzerland-headquatered global leader in generic and biosimilar medicines, has decided to invest massively in the country, said Charaf Eddine Kadri, general director of Sandoz Vietnam.
Executive Talk - Mon, December 23, 2024 | 8:36 am GMT+7
Noi Bai, Tan Son Nhat airport terminals to be completed in 2025: investor ACV
The T3 passenger terminal at Tan Son Nhat International Airport in Ho Chi Minh City will be completed by April 30, 2025, two months ahead of schedule, while the expansion of the T2 passenger terminal at Noi Bai International Airport in Hanoi is slated for completion next year.
Infrastructure - Mon, December 23, 2024 | 8:23 am GMT+7
Vietnam’s benchmark VN-Index to reach 1,400-1,420 points in 2025: broker
The VN-Index, representing the Ho Chi Minh Stock Exchange (HoSE), may hit 1,400-1,420 points in 2025, driven by an 18% market-wide profit growth and a price-to-earnings (P/E) ratio of 12.5-13x, according to broker MBBank Securities (MBS).
Finance - Sun, December 22, 2024 | 7:52 pm GMT+7
