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Fuel prices
Update news Fuel prices
Although fuel prices have dropped by around 20 per cent since June, many transport firms are still sitting tight, unwilling to cut fares amid falling costs.
Prosperous fishermen in central region face big bank debts
Many successful fishermen in Quang Ngai, Da Nang and Quang Nam have had to sell their land, houses, or fishing boats to pay bank debts.
Petrol prices cool, cost pressure reduced
Falling petrol prices have given cheer to people and businesses and may stimulate consumer demand in the near future.
Airlines seek favourable policies to reduce fuel bills
Several airlines have appealed to the Ministry of Finance (MoF) and the Ministry of Transport (MoT), calling for favourable policies amid mounting fuel prices.
Petrol price hike deals blow to business recovery efforts
Domestic petrol prices have hit an eight-year record high following the latest price adjustments made on February 21, dealing a heavy blow to ongoing recovery efforts of firms that have borne the brunt of the prolonged COVID-19 pandemic.
Vietnam’s CPI hits 14-year low: official data
VietNamNet Bridge – Vietnam posted a 0.63 percent increase in the
consumer price index (CPI) in 2015, the slowest since 2001 and much
lower than the 5 percent target set by the National Assembly,
Environment fee on fuels to triple from May
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.
Crude oil price plummets, airfare remains sky-high
VietNamNet Bridge – The Civil Aviation Authority of Vietnam (CAAV)
has urged airlines to reconsider their airfare policies amid a sharp
fall in crude oil prices.
Rise in car sales to set new VN record
VietNamNet Bridge – Viet Nam's auto market stood out in the global
car market as the report for November indicated sales growth through 20
consecutive months while its competitors posted slow progress rates.
Vietnam subsidizing fuel prices?
A debate has been raised in response to
the recent release of the UNDP’s report on the energy situation in
Vietnam. The report says the government spends $1.2-4.5 billion a
year for fuel subsidies.
BUSINESS IN BRIEF 20/1
Ministry maintains fuel prices; BIDV lends Vinatex $600m; Leather and footwear firms set to increase exports; Debt collection efforts needed; Foreign investors dominate retail; Imported flower prices inch up at Tet
Bus owners hold schools ransom over subsidies
VietNamNet Bridge – Thousands of students living in HCM City suburbs
will not have shuttle buses to access school on January 1 as owners of
bus transport companies have decided to suspend operations.
Japan factory output up 1.7%, but deflation remains
Japanese factories churned out a better-than-expected performance in
April, but the upbeat data Friday was tempered as the export powerhouse
remained mired in deflation.
