Business

First fuel price hike in the year

The Vietnam National Petroleum Group (Petrolimex), the country’s largest fuel wholesaler, raised the retail price of several fuel varieties as of 15:00 pm on March 11, the second adjustment and the first rise this year.
The Vietnam National Petroleum Group (Petrolimex), the country’s largestfuel wholesaler, raised the retail price of several fuel varieties asof 15:00 pm on March 11, the second adjustment and the first rise thisyear.

Accordingly, the prices of petrol RON95and petrol RON92 jumped 1,610 VND (0.075 USD) per litre to 17,880 VND(0.84 USD) and 17,280 VND (0.81 USD) per litre, respectively, whilebio-fuel E5 price increased by 1,600 VND per litre to 16,950 VND (0.8USD).

Diesel and kerosene prices rose by 710 VND(0.03 USD) to 15,880 VND (0.74 USD) and 16,320 VND (0.76 USD) perlitre, respectively.

Mazut now costs 12,760 VND (0.6 USD) per litre, up 910 VND (0.042 USD).

The same day, the Ministry of Industry and Trade lowered statesubsidies for fuel from the Fuel Price Stabilisation Fund.

For example, subsidies for gasoline RON95 and RON92 were cut by 596VND per litre to 1,852 VND (0.087 USD) while those for diesel fell 462VND per litre to 888 VND (0.041 USD).-VNA
Follow VietnamPlus

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.