Vietnam gasoline prices remain unchanged, diesel oil up
Retail gasoline prices in Vietnam have been left unchanged, while diesel oil climbed by VND80 to VND18,020 ($0.77) per liter on Monday.
A motorcyclist refills at a gasoline station in Hanoi. Photo by The Investor/Trong Hieu.
The current price of RON 95-III is VND22,010 ($0.94) per liter, and E5 RON 92 VND20,870 ($0.89).
Kerosene went up by VND50 to VND17,820 ($0.93) a liter.
To cover the price adjustment, Vietnamese authorities will not use the Fuel Price Stabilization Fund. Instead, they will use provisions for the fund, from VND70 to VND120 for each liter of gasoline and oil.
Vietnam's consumer price index (CPI) in May fell 0.01% from April, according to the General Statistics Office. The major reason was rising food, electricity and water prices due to the prolonged hot weather. Average CPI in the first five months rose 3.55% from a year earlier.
- Related News
- Read More
HCMC-based Bamboo Capital's energy arm fulfils 98% of profit target in 9 months
BCG Energy JSC, a subsidiary of Vietnamese private conglomerate Ho Chi Minh City-Bamboo Capital Group, posted a consolidated after-tax profit of VND504 billion ($19.94 million) in the first nine months of 2024, fulfilling 98% of its yearly profit target.
Bamboo Capital - Fri, November 1, 2024 | 2:32 pm GMT+7
Vietnam refinery operator suffers heavy loss in Q3
Binh Son Refining and Petrochemical JSC (BSR), the operator of Vietnam’s first oil refinery Dung Quat, incurred a net loss of VND1.21 trillion ($47.74 million) in Q3/2024, marking the fourth consecutive quarter of dim earnings.
Companies - Fri, November 1, 2024 | 2:10 pm GMT+7
Vietnam T&T Group, Qatar partner to build $3.2 bln Disneyland park in Hanoi
Vietnam’s conglomerate T&T Group and Qatar’s JTA International Investment Holding will jointly build a $4.5-billion sports and entertainment complex in Hanoi, featuring a Disneyland theme park worth $3.2 billion.
Real Estate - Fri, November 1, 2024 | 12:08 pm GMT+7
AirAsia to collect mandatory carbon fee starting 2025
Malaysia-based carrier AirAsia will begin imposing a mandatory carbon fee on all passengers starting January 1, 2025, according to the country’s Transport Minister Anthony Loke.
Southeast Asia - Fri, November 1, 2024 | 12:05 pm GMT+7
At least seven killed in bridge collapse in Indonesia
At least seven people were killed and dozens of others were injured when a seaside bridge collapsed in the Maluku island region in eastern Indonesia on Thursday.
Southeast Asia - Fri, November 1, 2024 | 12:04 pm GMT+7
Thailand to raise retirement age to 65
Thailand's Labor Ministry plans to raise the retirement age for both private and government sectors to 65 years, the same as in Singapore and Switzerland, according to Labour Minister Phiphat Ratchakitprakarn.
Southeast Asia - Fri, November 1, 2024 | 12:03 pm GMT+7
A quarter of Singapore’s fish farms stop operations in past year
About a quarter of Singapore’s sea-based fish farms have exited the industry over the past year, figures from Singapore Food Agency (SFA) showed.
Southeast Asia - Fri, November 1, 2024 | 12:02 pm GMT+7
Malaysia plans to launch national AI office
The Malaysian Government plans to launch the National Artificial Intelligence Office (NAIO) in Kuala Lumpur on December 12, according to the country’s Digital Minister Gobind Singh Deo.
Southeast Asia - Fri, November 1, 2024 | 12:00 pm GMT+7
Vingroup posts Q3 earnings of $80 mln, highest in five years
Vingroup, the largest private multi-industry conglomerate in Vietnam by ecosystem, recorded a consolidated net profit of VND2,015 billion ($79.54 million) in Q3/2024, the heftiest quarterly earnings in the past five years.
Companies - Fri, November 1, 2024 | 11:54 am GMT+7
Thailand SCG to invest $700 mln more in $5 bln petrochemicals complex in Vietnam
Thailand’s Siam Cement Group (SCG) will invest an extra $700 million in the $5.2 billion Long Son Petrochemicals Complex (LSP) in Vietnam’s southern province of Ba Ria-Vung Tau to diversify its production.
Industries - Fri, November 1, 2024 | 10:20 am GMT+7
Vietnam manufacturing activity rebounds, recovering from typhoon Yagi
The Vietnamese manufacturing sector in October started to recover from the effects of September's super typhoon, recording renewed increases in both output and new orders.
Economy - Fri, November 1, 2024 | 8:34 am GMT+7
Vietnam private lender VietBank logs 96% profit growth in 9 months
Vietnam Thuong Tin Commercial Joint Stock Bank (VietBank) posted a 96% year-on-year surge in pre-tax profit in the first nine months of 2024 to reach VND820.4 billion ($32.46 million), or 78% of the year's target.
Banking - Fri, November 1, 2024 | 7:45 am GMT+7
Maersk opens its first bonded warehouse in Vietnam
Denmark's integrated transport and logistics giant A.P. Moller - Maersk (Maersk) on Thursday opened its first bonded warehouse in Vietnam at SLP Park, Nam Dinh Vu Industrial Park in Hai Phong city.
Industries - Thu, October 31, 2024 | 11:44 pm GMT+7
ABBank incurs $14 mln loss in Q3
Hanoi-headquartered An Binh Commercial Joint Stock Bank reported a pre-tax loss of VND343.5 billion ($13.59 million) in the third quarter of this year, while some other private Vietnamese banks posted strong profits.
Banking - Thu, October 31, 2024 | 9:29 pm GMT+7
Vietnam’s emergence as regional manufacturing hub a significant logistics opportunity: SuperPort exec
Southeast Asia’s rise as a vital logistics hub with Vietnam positioned as a key manufacturing center presents a significant business opportunity, says Yap Kwong Weng, CEO of Vietnam SuperPort.
Companies - Thu, October 31, 2024 | 9:01 pm GMT+7
Indonesia steps up support for textile industry
Indonesia’s President Prabowo Subianto held a close-door meeting with several ministers on Tuesday to discuss the current situation of Indonesia's textile industry, particularly focusing on textile giant Sri Rejeki Isman (Sritex).
Southeast Asia - Thu, October 31, 2024 | 6:01 pm GMT+7
