Vietnam gasoline prices hiked for third time since July 21
Retail gasoline prices in Vietnam were raised by VND30 per liter on Friday, the third hike since July 21.
RON 95-III gasoline rose to VND23,990 ($1.01) per liter, while E5 RON 92 hit VND22,820 ($0.96).
The price of diesel increased by VND1,810 to VND22,420 ($0.94) a liter, and that of kerosene went up VND1,610 to VND21,880 ($0.92) per liter. Mazut oil climbed up VND1,130 to VND17,660 ($0.74) per kilogram.
A motorcyclist refills at a gasoline station in Hanoi. Photo by The Investor/Trong Hieu.
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
France wants to cooperate, share experiences with Vietnam in nuclear power
France wants to cooperate and share experiences with Vietnam in nuclear power, said French Ambassador to Vietnam Olivier Brochet at a recent meeting with state utility Vietnam Electricity (EVN).
Energy - Wed, February 19, 2025 | 5:20 pm GMT+7
Japan’s Sumitomo eyes 2nd industrial park in northern Vietnam province
Japanese keiretsu Sumitomo plans to build its second industrial park in Vietnam’s northern province of Vinh Phuc, a representative told local authorities Tuesday.
Industrial real estate - Wed, February 19, 2025 | 3:47 pm GMT+7
Vietnam's 2025 GDP growth target lifted to 'at least 8%'
The National Assembly, Vietnam's legislature, on Wednesday set the 2025 economic expansion target at "8% or more" upon a government proposal, up from the 6.5-7% approved in November last year.
Economy - Wed, February 19, 2025 | 2:46 pm GMT+7
Northern Vietnam province urges VSIP to build 663 hectare high-tech park in 2025
Ha Nam province authorities has urged VSIP, the developer of Vietnam-Singapore Industrial Park (VSIP) facilities, to begin building a high-tech park in the northern province by end-2025.
Industrial real estate - Wed, February 19, 2025 | 1:45 pm GMT+7
Central Vietnam city launches first industrial park project in 22 years
Vietnam’s central coastal city of Danang has broken ground on its first industrial park in 22 years, marking significant progress in its industrial development strategy.
Industrial real estate - Wed, February 19, 2025 | 12:21 pm GMT+7
Northern Vietnam province to complete site clearance for $2 bln LNG power plant in May
Vietnam’s northern province of Thai Binh seeks to complete the site clearance for its $2 billion LNG Thai Binh power plant project in May, provincial authorities said Tuesday.
Energy - Wed, February 19, 2025 | 11:18 am GMT+7
Can Gio port added to Vietnam's seaport development plan
The Can Gio international transshipment port project in Ho Chi Minh City has taken a significant step forward with its official inclusion in Vietnam’s seaport development plan.
Southeast Asia - Wed, February 19, 2025 | 9:29 am GMT+7
Vietnam's Tan Cang-Cai Mep International Terminal receives first vessel from Premier Alliance
Tan Cang-Cai Mep International Terminal (TCIT) in the southern Vietnam province of Ba Ria-Vung Tau has welcomed the first vessel from EC3 of the Premier Alliance, announced Truong Tan Loc, chairman of TCIT on Tuesday.
Southeast Asia - Wed, February 19, 2025 | 9:26 am GMT+7
New shipping route linking China, Vietnam, India launched
Vietnam Maritime Corporation (VIMC) has partnered with Guangxi Beibu Gulf Port Group of China to launch a new container shipping route connecting the ports of China’s Beibu Gulf, Vietnam’s Hai Phong city and India’s Kolkata.
Southeast Asia - Wed, February 19, 2025 | 9:23 am GMT+7
Thai PM highlights importance of regional economic integration
Thailand’s Prime Minister Paetongtarn Shinawatra has underscored the shared priorities of deeper regional economic integration, strengthening supply chains and contributing to global economic development.
Southeast Asia - Wed, February 19, 2025 | 9:15 am GMT+7
Japan retailer Aeon starts building 9.1 hectare mall in northern Vietnam
Aeon Mall Vietnam, under Japanese retail giant Aeon Mall, on Monday kicked off the construction of Aeon Mall Ha Long in Ha Long town, Quang Ninh province, the firm said in a statement.
Companies - Wed, February 19, 2025 | 9:09 am GMT+7
Vietjet, Satair sign multi-year agreement for integrated material services
Vietjet Air and Satair, an Airbus services company, on Tuesday signed a multi-year agreement for the latter's Integrated Material Services (IMS), a comprehensive material solution that will support the former's entire Airbus A320 and A330 fleet.
Companies - Wed, February 19, 2025 | 8:13 am GMT+7
Indonesia promotes Marine Biopharma in healthcare
Indonesia is actively promoting the use of marine biopharmaceuticals in the healthcare, cosmetics, and nutraceutical industries to harness the vast potential of its marine and fisheries resources.
Southeast Asia - Tue, February 18, 2025 | 10:05 pm GMT+7
Thailand leads dried fruit exports to China
Thailand led global exports of dried fruits to China in the first 10 months of 2024, with sales rising 10.22% from the same period last year to $125.64 million, according to the Thai Department of International Trade Promotion (DITP).
Southeast Asia - Tue, February 18, 2025 | 10:02 pm GMT+7
Vietnam parliament okays appointment of 4 ministers
The Vietnamese parliament on Tuesday okayed the appointment of four ministers, per Prime Minister Pham Minh Chinh's proposal.
Politics - Tue, February 18, 2025 | 9:38 pm GMT+7
Vietnam has 2 new Deputy Prime Ministers
The National Assembly, Vietnam's highest legislative body, on Tuesday approved Prime Minister Pham Minh Chinh's proposal to appoint Nguyen Chi Dung and Mai Van Chinh as Deputy Prime Ministers for the term 2021-2026.
Politics - Tue, February 18, 2025 | 6:07 pm GMT+7
- Infrastructure
