The Malaysian government still has sufficient funds to continue to provide fuel subsidies to the people despite rising global crude oil prices, Finance Minister Tengku Zafrul Abdul Aziz has said.
Surging crude oil prices and earnings from real estate have pushed up Ho Chi Minh City’s state budget collection by nearly 15 percent in the first two months of 2022, as compared with the corresponding time last year.
The plummeting world crude oil prices will not have too great impact on Vietnam’s State budget revenue, said Vo Thanh Hung, head of the State Budget Department under the Ministry of Finance.
The Ministry of Industry and Trade has requested state-owned coal and oil-gas producers to develop plans and measures to response to impact of the acute respiratory disease caused by a new coronavirus (COVID-19) outbreak.
Vietnam earned 220 million USD from shipping 175,000 tonnes of rubber abroad in January, up 10.8 percent in value and 28.9 percent in volume compared to the same month last year.
The HCM City housing market showed signs of unsustainability in 2018 due to an imbalance between supply and demand, a property industry business group said.
PetroVietnam Drilling and Well Services Corporation (PV Drilling) under the Vietnam Oil and Gas Group (PVN) has seen robust signs in its business activities when prices of crude oil improve and the oil drilling market becomes warmer.
Market research firm MarketIntello has forecast that Vietnam’s inflation may fall to below 3 percent, lower than the rate of 3.8 percent it predicted last month.
Budget revenues reached 718.3 trillion VND (32.2 billion USD) in the first nine months of the year, accounting for around 70 percent of the annual target.
Vietnamese shares on January 27 rebounded on both local markets from previous day's drop as energy stocks extended rallies amid volatile crude oil prices.
The local stock market suffered losses amounting to billions of dollars on a single day on January 18, while the State Securities Committee (SSC) asked investors to be cautious about selling shares.
The country's crude oil exploitation output this year is estimated to reach 17.58 million tonnes, up 4.6 percent against the government's annual target.
World
