Fuel prices fall following global trend

The retail price of petrol fell by 770 VND to reach 17,230 VND (76 US cents) per litre on November 3, the Ministry of Industry and Trade (MoIT) said.

Wednesday, November 04, 2015 11:25

Fuel prices fall following global trend ảnh 1

A customer buys petrol at a station in Ha Noi. (Photo: VNA)

Hanoi (VNA) - The retail price of petrol fell by 770 VND to reach 17,230 VND (76 US cents) per litre on November 3, the Ministry of Industry and Trade (MoIT) said.

The price of biofuel E5 RON 92 also dipped by 881 VND to reach 16,737 VND (74 cents) per litre, while the price of diesel came down by 430 VND to reach 13,510 VND (60 cents) per litre.

The price of kerosene dropped by 480 VND per litre to 12,523 VND (55 cents), while that of mazut fell by 316 VND per kilo to 9,571 VND (43 cents).

In addition, the MoIT and the Ministry of Finance said in a joint statement that they had decided to use the petrol price stabilisation fund at a rate of 300 VND per litre. Taxes and fees for the products had remained unchanged.

The ministry said the sharp decline was attributable to the plunging prices on the world market.

The price of A92 petrol in Singapore has dropped over the past fortnight from 62.43 USD to 58.11 USD per barrel. The prices of diesel, kerosene and mazut are also on a downward trend.

Statistics from the MoIT show that petrol prices have fallen nine times and increased six times so far this year.

On October 19, the retail price for RON 92 petrol fell by 136 VND to reach 18,003 VND (80 cents) per litre.-VNA

VNA

#fuel prices #petrol #E5 RON #diesel #mazut #sharp decline #plunging prices

See more

Vietnam’s total import–export turnover was an estimated 920 billion USD in 2025, placing the country among the world’s top 15 trading economies (Photo: VNA)

Int’l trade emerges as a driver of sustainable growth

18/01/2026 00:44

By 2025, Vietnam had trade relations with more than 230 markets and had signed 17 FTAs with 65 economies, placing it among the most active participants in bilateral and multilateral trade frameworks.

The Lao Bao International Border Gate serves as the pillar of the Lao Bao Special Economic–Trade Zone on East–West Economic Corridor. (Photo: VNA)

Lao Bao economic zone reinforces gateway role on East–West Corridor

17/01/2026 13:50

In the context of increasingly deep international economic integration, the development of the Lao Bao Special Economic–Commercial Zone aims not only to boost import–export turnover but also to shape a modern border-gate economic space.

Vietnam aims to export 7 million tonnes of rice in 2026 (Photo: VNA)

Vietnam to proactively reduce rice exports from 2026

17/01/2026 07:19

Do Ha Nam, Chairman of the Vietnam Food Association (VFA), said that 2026 presents numerous difficulties and challenges, and the global supply glut significantly impacts all exporters, including Vietnam.

Vietjet to operate nearly 1,800 additional flights for Lunar New Year peak (Photo: Vietjet Air)

Vietjet adds nearly 1,800 flights for peak Lunar New Year travel

17/01/2026 05:33

Passengers planning to travel during the Tet peak period are advised to book tickets early to secure suitable flight schedules. They are also encouraged to complete online check-in within 24 hours prior to departure via Vietjet’s website at www.vietjetair.com, the Vietjet mobile application or the VNeID platform, in order to save time at airport check-in counters.

VinFast will provide each university with two electric cars, along with practical equipment and training materials on electric vehicle repair techniques that meet official standards (Photo: VNA)

VinFast collaborates with 30 colleges to standardise training for EV engineers

17/01/2026 04:27

VinFast will work with leading institutions offering automotive engineering programmes, including the University of Transport and Communications, the Ho Chi Minh City University of Technology, the Hanoi University of Industry and the Hung Yen University of Technology and Education, to implement hands-on training aligned with industry needs.

E-commerce at turning point as new law sets higher standards in 2026

17/01/2026 00:36

To propel the digital economy forward, experts said 2026 should be the year of foundational reforms, including standardised identification for sellers and marketers, real-time transparency in product details, enhanced logistics and financial infrastructure, and robust safeguards for authentic value creation.

Billion-dollar capital seeks new opportunities in data centre real estate

16/01/2026 23:38

Ho Chi Minh City is witnessing a strong investment wave in the data centre sector. The city has set up a dedicated task force to support investment procedures for a Hyperscale Data Centre serving AI development, with total investment estimated at around 2 billion USD. The investor consortium includes UAE-based technology company G42, Microsoft, FPT Corporation, VinaCapital, and Viet Thai Group.

PVOIL is continuing to upgrade, convert and expand E10 fuel retail outlets, and is ready to implement the E10 fuel roadmap. (Photo published by VNA)

Vietnam to officially switch to biofuels from June 1, 2026

16/01/2026 20:43

Vietnam will officially transition to the use of E5 and E10 biofuels from June 1, 2026 in line with a roadmap prepared over many years by the Government and relevant ministries and sectors.

Prime Minister Pham Minh Chinh addresses the first meeting of the Steering Committee for the International Financial Centre (IFC) in Vietnam on January 16. (Photo: VNA)

Institutional breakthrough should form core advantage of Vietnam's IFC: PM

16/01/2026 18:29

Emphasising the viewpoint that institutional breakthrough should be made as the core competitive edge, the PM said institutional frameworks must be superior, distinctive, and in line with international practices.

Prime Minister Pham Minh Chinh on January 16 chairs the first meeting of the Steering Committee for Vietnam’s International Financial Centre (IFC). (Photo: VNA)

PM chairs first meeting of steering committee for international financial centre in Vietnam

16/01/2026 16:43

In his opening remarks, PM PHam Minh Chinh, who is also head of the steering committee, stressed that amid the unpredictable global economy, Vietnam’s proactive positioning in the international financial network is an effort to provide stability.

Party General Secretary To Lam (C) and Prime Minister Pham Minh Chinh (third from left) and other delegates break ground Vietnam’s first semiconductor chip manufacturing plant (Photo: VNA)

Vietnam launches first semiconductor chip manufacturing plant

16/01/2026 15:33

The plant, developed by Viettel Group in line with the mission assigned by the Ministry of Defence and based on the government’s resolution, is located on a 27-hectare site within the Hoa Lac High-Tech Park and is expected to serve national industries such as aerospace, telecommunications, Internet of Things (IoT), automotive manufacturing, medical equipment, and automation.

Vietnam’s cashew exports in 2025 are estimated at 766,600 tonnes, generating more than 5.2 billion USD (Photo: VNA)

Cashew sector faces economic efficiency challenge despite high export revenue

16/01/2026 15:26

Vietnam’s cashew industry has faced a pressing challenge despite an export revenue of over 5 billion USD for the first time in 2025, as this impressive figure has yet to translate into commensurate economic efficiency for exporting enterprises, especially when the industry seeks to ensure that its position as the world’s leading cashew exporter is matched by sustainable profitability.

Vietnam Airlines expands domestic network with four new routes from Hai Phong

16/01/2026 14:35

With these additions, Vietnam Airlines will increase Hai Phong’s domestic route network to six, markedly broadening direct air connectivity from the fast-growing industrial and logistics hub to key destinations nationwide.

An overview of scientific forum on investment promotion and technology transfer in the energy sector (Photo: congthuong.vn)

Forum spotlights nuclear power, technology transfer in Vietnam

16/01/2026 13:52

To promote energy transition, Vietnam should develop a long-term energy transition strategy, improve institutions, diversify energy sources, modernise power infrastructure and strengthen international cooperation.

Deputy Director General of Vietnam National Authority of Tourism Nguyen Thi Hoa Mai (centre) chairs an online meeting on the organisation of ITE HCMC 2026. (Photo: TITC)

International Travel Expo HCM City 2026 set for August

16/01/2026 12:43

The expo will feature key activities including on-site and online exhibition booths; a digital business-to-business (B2B) buyer–seller matching programme; Vietnam Night; the opening ceremony; programmes for international buyers and media representatives; forums and thematic seminars introducing key source markets and emerging tourism trends; and a tourism consumer festival.

An illustrative image showing a Crystal Bay Airlines plane. (Photo: dantri.com.vn)

New Vietnamese airline takes off with charter capital of 11.4 million USD

16/01/2026 11:38

According to the company's registration documents, Crystal Bay Airlines Joint Stock Company was established on November 6, 2025, with a charter capital of 300 billion VND (11.4 million USD). The firm operates in 51 business sectors, with its main focus being air passenger transportation.