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.
HSBC lowers Vietnam’s inflation forecast to 3.5% Videos

HSBC lowers Vietnam’s inflation forecast to 3.5%

HSBC has lowered its forecast on Vietnam’s inflation rate in 2022 to 3.5 percent from its earlier prediction of 3.7 percent due to the stable domestic food price, which is expected to help curb the country’s headline inflation.
HSBC lowers Vietnam’s inflation forecast to 3.5 percent Business

HSBC lowers Vietnam’s inflation forecast to 3.5 percent

HSBC has lowered its forecast on Vietnam’s inflation rate in 2022 to 3.5 percent from its earlier prediction of 3.7 percent due to the stable domestic food price, which is expected to help curb the country’s headline inflation, according to a report released by the bank on June 14.
Petrol prices rise sharply Business

Petrol prices rise sharply

The retail prices of oil and petrol continued to rise from June 13 following the latest adjustment by the Ministry of Industry and Trade and Ministry of Finance.
PM requests close watch on oil, gas information Business

PM requests close watch on oil, gas information

Prime Minister Pham Minh Chinh has asked Minister of Industry and Trade Nguyen Hong Dien to keep a close watch on the information about oil and gas prices and Malaysia’s ability to supply the fuel to Vietnam.
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.
Officials clarify measures to control credit in risky areas, petrol prices Business

Officials clarify measures to control credit in risky areas, petrol prices

The State Bank of Vietnam (SBV) has been consistent in its policy to strictly control the credit flows into areas with high risks such as real estate and securities, and the policy will continue to be implemented in 2022 and following years, said SBV Deputy Governor Dao Minh Tu at a regular Government press conference on June 4.
NA deputies discuss curbing petrol prices, settling bad debts Politics

NA deputies discuss curbing petrol prices, settling bad debts

Ensuring flexibility in curbing rising petrol prices and settling bad debts of credit institutions were scrutinised by National Assembly deputies on June 1 at a debate on the implementation of socio-economic development plans and the state budget in 2021 and in the first months of 2022 during the legislature's ongoing third session.