MoIT proposes adjusting fuel prices every Thursday Business

MoIT proposes adjusting fuel prices every Thursday

Prime Minister Pham Minh Chinh has asked the Ministry of Industry and Trade (MoIT) to take measures to ensure the supply of all key commodities, especially fuel, and to stabilise the country's distribution channels for the economy after the Tet (Lunar New Year) holiday.
IPP Air Cargo withdraws permit application Business

IPP Air Cargo withdraws permit application

IPP Air Cargo, in an unanticipated move, has withdrawn its application for a cargo flight permit, citing “worsening economic conditions”, “looming global recession” and “volatile fuel prices”, all of which likely will result in numerous challenges for global freighters.
Petrol prices further down Business

Petrol prices further down

Fuel prices were reduced in the latest review on August 11 by the Ministry of Industry and Trade and the Ministry of Finance, the fifth consecutive time and the fourth significant drop.
CPI goes up 2.54% in seven months: GSO Business

CPI goes up 2.54% in seven months: GSO

The July consumer price index (CPI) grew 0.4% from the previous month, contributing to the year-on-year growth of 2.54% in the first seven months of 2022, the General Statistics Office (GSO) said on July 29.
Airlines suffer losses due to rising fuel prices Business

Airlines suffer losses due to rising fuel prices

Vietnamese airlines are suffering losses amounting to hundreds of billions of dong each month due to a surge in fuel prices, according to the director of the Civil Aviation Authority of Vietnam (CAAV) Dinh Viet Thang.
Vietnam to increase national fuel reserves Business

Vietnam to increase national fuel reserves

The Ministry of Industry and Trade (MoIT) has put forward a proposal to increase the country's fuel reserve by as much as four times, said Le Viet Nga, Deputy Director of the MoIT’s Domestic Market Department, during a conference last week in Hanoi.
Finance Ministry to propose further fuel duty cut Politics

Finance Ministry to propose further fuel duty cut

The Ministry of Finance is considering to put forward another proposal for further fuel duty cut, Minister Ho Duc Phoc told the 15th National Assembly during its third sitting in Hanoi on June 8 amid concerns over soaring fuel prices.