The Department of Industry and Trade of Ho Chi Minh City on April 3 announced a market stabilisation programme for food and essential products in 2023 and during the lunar New Year (Tet) holidays 2024.
In the latest petrol price adjustment on January 11 by the Ministry of Industry and Trade and the Ministry of Finance, the price of petrol remained unchanged compared with those of the last adjustment.
Deputy Managing Director of the International Monetary Fund (IFM) Antoinette Sayeh has lauded Vietnam for its high economic growth and controlled inflation over the past years despite global uncertainties.
The Ministry of Finance (MoF) is taking steps to stabilise domestic gasoline prices and supply while removing difficulties for petroleum traders, said Nguyen Tien Minh, Director of the MoF’s Price Management Department.
The retail price of RON 95-III bio-fuel almost reached 24,000 VND (0.97 USD) per litre from 3pm on November 11, following the latest adjustment by the Ministries of Industry and Trade, and Finance.
Petrol prices were adjusted down from 3pm on August 1 by the Ministries of Industry and Trade, and Finance, the fourth time in a row and the third significant decrease.
Prime Minister Pham Minh Chinh on July 31 sent a dispatch to ministers, heads of ministry-level agencies and chairmen of the People’s Committees of centrally-run provinces and cities, asking for strengthened efforts in the management of prices of essential goods and services.
Retail petrol prices reduced by more than 600 VND per litre from 3pm on March 21 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
The January consumer price index (CPI) in Ho Chi Minh City inched up 0.25 percent month on month and 1.42 percent year on year, the municipal Statistics Office reported.
European companies ended 2021 more positive and optimistic about Vietnam’s trade and investment environment, according to the Business Climate Index (BCI) announced by the European Chamber of Commerce in Vietnam (EuroCham) on January 27.
Retail petrol prices rose by more than 400 VND per litre from 3pm on January 21 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
The retail prices of oil and petrol were revised down starting from 3 pm on December 10 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
Given a drop in COVID-19 cases, Singapore has decided to end the Stabilisation Phase that started on September 27 following a virus resurgence, and move into the next phase of reopening.
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