Coronavirus downturn has put major pressure on oil prices with demand slumping and storage running out.
State-owned enterprises face 3.7-trillion-VND loss in Q1 due to COVID-19
Nineteen State-owned groups and corporations under the Commission for the Management of State Capital at Enterprises (CMSC) incurred losses worth around $160 million in the first quarter of this year due to the impacts of the COVID-19 pandemic.
Coronavirus: Oil prices rise on hopes of a price war truce
US President Donald Trump said he expects Saudi Arabia and Russia to strike a deal in the next few days.
Dwindling oil prices a double-edged sword for Viet Nam's economy
Oil logged its worst week since 2008 after the oil price war, initiated by Saudi Arabia early last week, delivered a double blow to nervous investors already rattled by declines in world stocks due to the spread of COVID-19.
Oil plunges in Asia as producers start price war
Failure of oil cartel Opec and ally Russia to agree to supply cuts has seen prices crash around 30%.
Thailand prepares to cope with global oil price hike
The Energy Ministry of Thailand is planning to use 1.5 billion baht (about 49 million USD) from the state Oil Fund to support local oil prices.