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.