Vietnam gasoline prices hiked for second time since July 21
Retail gasoline prices in Vietnam were raised by VND1,160-1,170 ($0.05) per liter on Tuesay, the second hike since July 21.
RON 95-III gasoline rose to VND23,960 ($1.01) per liter, while E5 RON 92 hit VND22,790 ($0.96).
The price of diesel increased by VND1,110 to VND20,610 ($0.87) a liter, and that of kerosene went up VND1,090 to VND20,270 ($0.86) per liter. Mazut oil went up VND810 to VND16,530 ($0.69) per kilogram.
A gasoline station in Hanoi. Photo courtesy of VietNamNet newspaper.
For this price adjustment, the Ministry of Industry and Trade and the Ministry of Finance decided to maintain the level of deductions from different types of gasoline and oil for the national gasoline price stabilization fund.
Vietnam's consumer price index (CPI) in July rose 0.45% from June, according to the General Statistics Office. The major reason cited was rising food and electricity prices due to prolonged hot weather conditions and state utility Vietnam Electricity (EVN) adjusting the average retail price of electricity. On average, the CPI increased by 3.12% year-on-year in the first seven months.
- Related News
- Read More
PV Gas sees Q1 net profit go down 26% to $99 mln
PV Gas, Vietnam’s largest dry gas and LPG supplier, earned consolidated net profits of VND2,511.66 billion ($98.96 million) in Q1/2024, down 26.5% year-on-year.
Companies - Thu, May 2, 2024 | 3:38 pm GMT+7
Key infrastructure projects face site clearance issues, material shortages
Progress of the Long Thanh international airport project and component projects for the North-South Expressway’s eastern section in the 2021-2025 period is being held back by uneven site clearance and material shortages.
Infrastructure - Thu, May 2, 2024 | 3:35 pm GMT+7
Legal proceedings initiated against director of Ba Ria-Vung Tau province health department
Pham Minh An, director of Ba Ria-Vung Tau province's Department of Health, has been accused of violating bidding regulations related to supply of equipment for the Vung Tau Hospital.
Society - Thu, May 2, 2024 | 3:21 pm GMT+7
USD weakens slightly against VND after Fed holds rates steady
The U.S. dollar slid against the Vietnamese dong (VND) on Thursday morning hours after the U.S. Federal Reserve (Fed) kept its policy rate unchanged in the 5.25-5.50% range.
Banking - Thu, May 2, 2024 | 11:37 am GMT+7
PV Gas takes delivery of third LNG batch to meet rising power demand
PV Gas, the gas production arm of state-owned Petrovietnam, has taken delivery of its third batch of liquefied natural gas (LNG) to meet demand for power generation as the country battles to cope with a prolonged heat wave.
Energy - Thu, May 2, 2024 | 10:52 am GMT+7
Vietnam factory activity returns to growth on new orders: S&P
The Vietnamese manufacturing sector returned to growth in April as a solid expansion of new orders fed through to a renewed increase in production, according to S&P Global.
Economy - Thu, May 2, 2024 | 9:25 am GMT+7
HCMC well off target of 8 metro lines by 2035
Vietnam’s southern economic hub Ho Chi Minh City seems to be falling well short of its goal of building eight metro lines totaling 200 kilometers by 2035 because none have been put into operation thus far.
Infrastructure - Thu, May 2, 2024 | 9:14 am GMT+7
Vietnam property market past most difficult period: expert
The Vietnamese real estate market has gone through its most difficult period, and businesses or investors that have survived have done so through strong experience and resources, said Nguyen Van Dinh, chairman of the Vietnam Association of Realtors (VARS).
Real Estate - Thu, May 2, 2024 | 8:17 am GMT+7
Seven must-visit places in Dien Bien province
The northwestern mountainous province of Dien Bien has many charming places to visit, in addition to historical relic sites related to the Dien Bien Phu Campaign.
Travel - Wed, May 1, 2024 | 10:42 pm GMT+7
Vietnam's economy: positive changes but concerns persist
Vietnam's economic picture is looking more positive with numerous bright spots, but many difficulties remain, especially market confidence, concerns about private investment, and social consumption, writes Dr. Vo Tri Thanh, director of the Institute for Brand and Competitiveness Strategy.
Opinion - Wed, May 1, 2024 | 6:32 pm GMT+7
Major industrial park developer Kinh Bac suffers setback with $3 mln Q1 loss
Vietnamese industrial park developer Kinh Bac Urban Development Corporation recorded Q1/2024 losses of VND76.7 billion ($3 million), a setback considering its annual profit target of VND4,000 billion ($157.8 million).
Industrial real estate - Wed, May 1, 2024 | 3:51 pm GMT+7
Founder of Vietnam’s ACB bank passes away
Asia Commercial Bank founder Tran Mong Hung, father of the current chairman Tran Hung Huy, passed away Thursday. He was 72.
Banking - Wed, May 1, 2024 | 3:37 pm GMT+7
Singapore Management University opens office in HCMC
Singapore Management University (SMU) has chosen to open a representative office in Vietnam after Indonesia and Thailand as part of its vision to 2025.
Companies - Wed, May 1, 2024 | 3:18 pm GMT+7
Exhibition displays 300 artefacts of Dien Bien Phu Campaign
The thematic exhibition named "Dien Bien Phu Victory - An Eternal Epic" showcases some documentaries and artefacts for the first time to the public about Dien Bien Phu Campaign.
Travel - Wed, May 1, 2024 | 3:02 pm GMT+7
Six dead as boiler explodes at southern Vietnam wood factory
Six persons including a Chinese national died and five others were injured after a boiler exploded Wednesday morning at a wooden products factory in Vinh Cuu district, Dong Nai province.
Society - Wed, May 1, 2024 | 2:55 pm GMT+7
Trungnam Group eyes green energy development in Ninh Thuan province
Private Vietnamese conglomerate Trungnam Group plans to develop a green energy complex with an expected green hydrogen capacity of 824,400 tons per year in the south-central province of Ninh Thuan.
Energy - Wed, May 1, 2024 | 11:37 am GMT+7
