Business

Higher prices to slow down LPG consumption growth

The growth of liquefied petroleum gas (LPG) consumption is forecast to slow down as LPG prices have tended to increase in 2018, according to the Vietnam Gas Association (VGA).
Higher prices to slow down LPG consumption growth ảnh 1Dung Quat oil refinery in Quang Ngai province (Photo: VNA)

HCM City (VNA) – Thegrowth of liquefied petroleum gas (LPG) consumption is forecast to slow down asLPG prices have tended to increase in 2018, according to the Vietnam GasAssociation (VGA).

The VGA said on September 27 that LPG consumptionthis year could rise by 5-6 percent from 2017 to 2.05-2.07 million tonnes.

The domestic LPG is currently provided by the PetroVietnamGas JSC gas processing plant in the southernmost province of Ca Mau, as well asthe Dung Quat oil refinery of the Binh Son Refining and Petrochemical JSCin the central province of Quang Ngai.

The two firms produce 828,000 tonnes of LPG,meeting around 45 percent of the market demand. The remaining 55 percent isimported from other countries.

Nguyen Hai Long, head of the VGA’s southern branch,said that illegal gas extraction, changing LPG containers, and counterfeitinglabels are still rampant in the market.

The fight against such fraudulent activities hasbeen enhanced in 2018, focusing on illegal gas extraction facilities,especially in Binh Duong, Dong Nai, and Long An provinces.

He added that the VGA has coordinated withauthorised agencies to boost communications to raise public awareness of gassafety. Its southern branch will press on with fighting trade frauds regardingLPG in the time ahead. –VNA
VNA
#liquefied petroleum gas #LPG #LPG consumption in Vietnam #Vietnam Gas Association #PV Gas #Dung Quat oil refinery #gas safety #updated Vietnam news #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

See more

Ahmad Haikal Hasan, Head of the Halal Product Assurance Organising Agency (BPJPH) of Indonesia, speaks at the seminar (Photo: VNA)

Indonesia ready to cooperate with Vietnam in halal sector

Ahmad Haikal Hasan, Head of the Halal Product Assurance Organising Agency (BPJPH) of Indonesia, described Vietnam as a “potential supplier” of halal products with the capacity to play a larger role in the market, particularly in the fast-moving consumer goods (FMCG) sector. He revealed a plan to visit Vietnam next week to discuss the country’s progress in the global halal industry.

Delegates perform the opening ceremony. (Photo: VNA)

Thailand Week 2026 opens in Hanoi

The event brings together more than 100 companies, including Thai enterprises and Vietnamese importers, across about 120 booths. It features a wide range of Thai products aligned with consumer trends in Vietnam, including food and beverages, health and beauty, mother-and-baby and pet products, fashion and jewellery, household goods and tourism services.

Illustrative image (Photo: VNA)

Vietnam remains Singapore’s third-largest seafood supplier in 2025

Data released by the Accounting and Corporate Regulatory Authority of Singapore (ACRA) show that Singapore spent 125.5 million SGD (97.7 million USD) importing seafood from Vietnam last year, up 10.7% year on year, accounting for 10.3% of the city-state’s total seafood import market.

Workers assemble mobile phone components at Diem Thuy Industrial Park in the northern province of Thai Nguyen. (Photo: VNA)

Electronics exports surpass 107 billion USD in 2025

With an export turnover of 107.75 billion USD in 2025, computers, electronic products and components not only maintained their position as Vietnam’s largest export by value, but also contributed more than half of the overall increase in the country’s export turnover in 2025.

Experts said that Vietnam’s economic outlook continues to be underpinned by stable foreign direct investment inflows and public investment, which is playing an important role in driving growth. (Photo: thoibaotaichinh.vn)

Foreign investors maintain strong confidence in Vietnam’s market

Looking ahead to 2026, prospects remain bright as manufacturing, economic growth and foreign investment in Vietnam are expected to stay robust, with the country forecast to post the highest growth rate in the region this year, according to Adam Sitkoff, Executive Director of the American Chamber of Commerce (AmCham) in Vietnam.

Toy production at a Hong Kong-invested factory (Photo: VNA)

Vietnam targets deeper market penetration in Hong Kong in 2026

Vietnam-Hong Kong trade hit 62.3 billion USD in the first 11 months of 2025, soaring 73.1% annually. Vietnamese exports to Hong Kong amounted to 36.8 billion USD, a 90.6% hike, ranking fourth among Hong Kong’s import sources, while imports from Hong Kong stood at 25.5 billion USD, up 52.9% and ranking third.

Vietnam’s start-up market enters restructuring phase

Vietnam’s start-up market enters restructuring phase

In 2026, venture capital inflows into Vietnam’s start-up ecosystem are expected to recover gradually, though in a more selective manner. VinVentures forecasts that capital will focus on start-ups that have survived the rigorous screening of 2024–2025, possess clear business models, strong commercialisation capacity, and the ability to generate real cash flows.