Business

Petrol price drops on global decline

Fuel distributors in Vietnam on April 18 reduced the retail price of 92-octane petrol by 1.7 percent to 23,640 VND (1.13 USD) per litre and trimmed prices of several other oil products, the second cut in less than 10 days.
Petrol price drops on global decline Business

Petrol price drops on global decline

Fuel distributors in Vietnam on April 18 reduced the retail price of 92-octane petrol by 1.7 percent to 23,640 VND (1.13 USD) per litre and trimmed prices of several other oil products, the second cut in less than 10 days.
Business

Scandal fallout clouds stock market

Declining shares for a second day on the nation’s stock exchanges Aug. 22 confirmed the fears of analysts that the arrest of banking tycoon Nguyen Duc Kien on fraud charges will continue to have a negative impact on the market.
Business

Petrol distributors promised help

Domestic fuel distributors and dealers have been struggling with increasing world petrol prices while a lid has been kept on retail prices in the domestic market.
Business

Petrol pricing practices set to be inspected

The Ministry of Finance has set up three teams to audit pricing practices of the country's four leading petroleum distributors, Petrolimex, PetroVietnam Oil Corporation, Sai Gon Petro Co Ltd and Dong Thap Petroleum Trading Co Ltd (Petimex).
Business

Minister refutes fuel price rise rumours

Minister of Industry and Trade Vu Huy Hoang has denied rumours that an additional increase in petrol prices was imminent, prompting many people throughout the country to buy petrol for reserve.
Business

Petrol dealers to cut prices

The Ministry of Finance has called on fuel retailers to reduce prices, but will allow them to use resources from the fuel stabilisation fund to offset losses incurred through fluctuating global oil prices.
Business

Petrol prices rise for second time in month

Retail petrol prices rose 1,000 VND (0.06 USD) per litre on August 30, with A92 petrol increasing to 15,700 VND (0.84 USD) per litre and diesel fuel to 13,100 VND (0.74 USD) – marking the second hike in petrol prices in August alone and the seventh since early this year.