Hike in fuel price reflects global rises

Domestic petrol and oil retail prices rose on August 9 by 410 VND and 400 VND per litre, respectively, announced the Vietnam National Petroleum Corporation (Petrolimex), the largest fuel retailer in the country.

Apparel exports earn 3.8 bln USD in first five months

Vietnam 's apparel exports surged 17.1 percent in the first five months of the year against the same period last year, reaching 3.8 billion USD, said deputy chairman of the Viet Nam Textile and Apparel Association (Vitas) Pham Xuan Hong.
PM requests control over price hikes Business

PM requests control over price hikes

Ministries, sectors and localities must take comprehensive measures to control price hikes and closely monitor growing prices of land and houses, said Prime Minister Nguyen Tan Dung.

Rubber exports bounce in 2010

The value of rubber exports has risen sharply this year, earning the country 479 million USD in the first five months, up 85.5 percent over the same period in 2009, according to the General Statistics Office.
CPI in two biggest cities all up Business

CPI in two biggest cities all up

Ho Chi Minh City (HCMC) and Hanoi statistics offices reported an increase of 0.48 percent and 0.41 percent, respectively, in the consumer price index (CPI) in May over April.

Fares to climb for Hanoi- HCM City Express

The Vietnam Railway Corporation will increase the price of tickets on the Hanoi- HCM City Express by between 4 and 10 percent from April 29 to May 4 and from June 1 to August 15, the peak travel periods in the country.

Surprise jump in CPI this month

The nation’s consumer price index (CPI) in March rose 0.75 percent over the previous month and 9.46 percent year-on-year, helping the first quarter CPI jump 8.51 percent against the same period last year.

The General Statistics Office (GSO) reported that 10 out of 11 commodity groups recorded increases of between 0.15 percent and 1.38 percent, but post and telecommunication services dropped by 0.2 percent as a result of promotions and discount programmes.

Tenants protected by new regulation

Tenants in Ho Chi Minh City can register for electricity supply independent of their landlords under a new regulation passed by the city to safeguard lessees from being gouged by house owners.

WB to launch 1.5 billion USD agricultural fund

The World Bank (WB) will set up a trust fund to assist the agricultural sector in poor and under developed countries with an initial 1.5 billion USD, said it’s President Robert Zoellick on Nov. 30, warning of the risk of another food price crisis.

Retailers face distributor price rises

Despite the fact that a number of supermarket supplicers have announced that they plan to raise prices, retailers say it will not impact significantly on their businesses.

Big coal consumers pay more

The country’s three major coal consumers – the cement, fertilizer and chemical industries – are having to pay 25-30 percent more for the fossil fuel than they did in previous months, according to the Ministry of Finance.