According to the Ministry of Finance’s Price Management Department, domestic petroleum prices may go up in the next review as a result of price increases in the world market.

Quang Ngai provincial authorities have asked the Prime Minister to prioritize the use of petrochemical products from domestic oil refineries rather than from imports.

The move is intended for Iranian businessmen and traders to become acquainted with the business potential of Vietnam and having more vigorous presence in this market.

Vietnam’s active participation in multilateral and bilateral trade agreements created a pathway for improvements in the country’s business environment and support local enterprises to grow.

VietNamNet Bridge - The report on the GDP growth scenario of Vietnam in 2018 does not include the strengthening of oil exploitation, which had been expected.

VietNamNet Bridge - Tourism and related services make great contributions to economic growth and offset the decline in crude oil output, experts say.

VietNamNet Bridge - Deputy PM Vuong Dinh Hue says that Vietnam would rather attract one more million travelers than exploit 1 million more tons of crude oil.

VietNamNet Bridge - To curb the public debt, Vietnam needs to cut public spending, including the downsizing of civil servant staff.

VietNamNet Bridge - Economists say Vietnam is coming closer to the goal of 6.7 percent GDP growth rate, though the country has not exploited as much coal and oil as planned.

VietNamNet Bridge - Exploiting more crude oil and coal to ensure GDP growth rate of 6.7 percent this year will be a very difficult task, an MPI report says.

VietNamNet Bridge - GDP is usually considered an important factor that shows the health of the economy in Vietnam.

 Asian stocks rose across the board on Thursday as crude oil extended gains on hopes that big producers will cap production, improving investor sentiment for riskier assets.

 Crude oil fell 3 percent on Tuesday, heading toward $30 per barrel and levels not seen in over a decade, with analysts scrambling to cut their price forecasts and traders betting on further declines.

 VietNamNet Bridge – The Prime Minister has signed a decision giving assignments to eight ministries to help realize this year’s socio-economic targets.

 Asian shares glided higher in early trading on Wednesday, taking their cues from overseas gains, although investors are cautiously watching to see whether renewed selling in crude oil futures will dent sentiment.

 Asian shares traded higher on Tuesday, recovering from Monday's losses, as Wall Street's positive close boosted investor confidence.

The economy is showing good signs but to achieve the targeted GDP growth of 6.5% this year, Vietnam might have to increase oil output, said Minister of Planning and Investment Bui Quang Vinh at the monthly cabinet meeting on July 29.

 VietNamNet Bridge – The world’s oil price plunge led Vietnam’s crude oil export turnover to fall by US$1 billion in the first four months of this year, according to the General Statistics Office (GSO).

 VietNamNet Bridge – The National Assembly Standing Committee on March 10 approved a trebling of the environmental protection fees on gasoline except for bio-fuel, diesel and heavy oil from May 1 as proposed by the Government.