November sees 10-year low CPI rise Business

November sees 10-year low CPI rise

November’s Consumer Price Index (CPI) picked up 0.07 percent from previous month and 0.34 percent from the same period last year, the lowest level of rise recorded in the past decade.

Bus fare reductions for holiday travellers

Following decreases in fuel prices, Ho Chi Minh City’s bus fares during the upcoming Tet (Lunar New Year festival) are expected to drop by 7 to 20 from last year, unveiled the municipal Ministry of Transport on January 22.

Petrol prices cut by 1,900 VND per litre

The price of RON95 gasoline was slashed by 1,900 VND down to 16,270 VND on the afternoon of January 21, according to the Vietnam National Petroleum Group (Petrolimex).

Good year for economic revival

Progress made in 2014 can be the foundation for a robust economic recovery in 2015, Vuong Dinh Hue, Chairman of the Central Economic Commission, tells Nong thon ngay nay (Countryside Today).

Demand for imported pick-up trucks increases

Automobile joint ventures in Vietnam have been importing pick-up trucks from their factories in Southeast Asia in large quantities for domestic sale, the English language news website VietNamNet Bridge reported.

Consumer optimism falls in Indonesia

Indonesian consumers are less optimistic pessimistic about the country’s economic growth following their government’s decision to reduce fuel subsidies on June 15.

Fuel prices rise again, with more to come

Retail petrol prices on Aug. 28 increased by 650 VND (0.033 USD) per litre to 23,650 VND while diesel rose by 300 VND per litter to 21,850 VND.

The move was made when the oil prices on the global market increased by 13.24 percent against the previous month; diesel prices went up 8.66 percent; kerosene went 9.59 percent and mazut 8.01 percent, the Ministry of Finance reported.

Petrol price raised by 0.10 USD a litre

The domestic retail price for RON 92 petrol, including value added tax, increased from 20,800 VND to 22,900 VND (0.99 USD to 1.09 USD) per litre at 4pm on Mar. 7, according to the Ministry of Finance (MoF).

Fuel prices to remain steady

The Ministry of Finance has decided not to raise import duties on petroleum products in the face of "complicated" fluctuations in the global market.