Jordan sky high

Gasoline price hits new record high so far Due to the increasing pressure of gasoline prices in the world, this afternoon, the Inter-Ministry of Industry and Trade - Finance decided to spend the price stabilization fund to subsidize gasoline prices so that gasoline prices in countries have a lower increase level than the increase of world gasoline prices. Still, retail gasoline prices in the domestic market still increased strongly. Specifically, E5RON92 gasoline price has increased by VND 674 a liter to VND29,633 a liter meanwhile RON95-III gasoline increased by VND669 a liter to VND30,657 a liter. In contrast, oil prices were simultaneously adjusted down to compensate for gasoline prices. For instance, the price of diesel oil decreased by VND 1,097 per liter to VND25,553 a liter while kerosene decreased by VND763 a liter to VND24,405 a liter, and fuel oil 180CST 3.5S is priced at VND20,598 per kg, down VND962 a kg. By Van Phuc - Translated by Dan Thuy … [Read more...] about Gasoline price hits new record high

The Government is committed to taking timely measures to ensure macroeconomic stability. The high inflationary pressure amid the recovery of domestic demand is putting Vietnam’s GDP growth target of 6-6.5% for this year at risk. Overview of the session. Source: quochoi.vn Deputy Prime Minister Le Van Thanh gave the remarks at the third session of the 15 th National Assembly held today [May 23]. According to Thanh, the Vietnamese economy has been on a positive recovery track in the first months of 2022 under the new normal. Total budget revenue for the first four months grew by 15.4% year-on-year to VND657.4 trillion ($28.4 billion), while the consumer price index (CPI) expanded by 2.64%, the lowest four-month period growth in the past five years. As of mid-May, credit growth stood at 7.2% against late 2021 and up 17% year-on-year, which showcases the recovery of economic activities, along with greater efforts from the Government to restore discipline … [Read more...] about High inflationary pressure put GDP 6.5% growth target at risk: Gov’t

Rice field in Vinh Phuc is submerged in rainwater According to the authority’s update to 5 pm, a huge landslide swept away 37 homes on the day in northern provinces including Tuyen Quang, Ha Giang, Thai Nguyen, Hoa Binh, and Phu Tho due to landslides triggered by heavy rain. After a day of heavy rain, 956ha of rice, and crops, 11ha of aquatic products were damaged due to flooding, and 20 cattle and 775 poultry died. In addition, nearly 3,000 cubic meters of soil and rock collapsed on roads. The suburban area in Hanoi’s west was heavily flooded due to continuous rains, and cloudy sky around high-rise buildings. Soldiers help to remove cattle for residents A man with a fish bag The flooded area is concentrated on both sides of the road to gather Thang Long Boulevard, especially the tunnels under Thang Long Boulevard in Hoai Duc and Nam Tu Liem districts. Some other areas such as To Huu and Nguyen Trac streets, the National Highway 6 through Yen Nghia Ward in Ha … [Read more...] about North provinces flooded, traffic snarled up

The Timor Leste runner has bagged two silvers in the men’s 5,000m and 10,000m competitions at the Hanoi-hosted SEA Games 31, setting new regional records for his country’s sports delegation in this event. Felisberto de Deus, after finishing second in the men’s 10,000m event, waved a small Vietnamese flag while wrapping himself in his homeland’s banner in celebration of his achievement. Felisberto de Deus waves a small Vietnamese flag while wrapping himself in his homeland’s banner in celebration of his achievement. Photo: Hoang Linh The moment of the 23-year-old athlete holding hands and running together with Vietnamese gold and bronze medal winners Nguyen Van Lai and Le Van Thao, respectively, is considered the most impressive image for Vietnamese and Southeast Asian fans at the sporting event. It was the striking demonstration of SEA Games 31slogan: For a Stronger Southeast Asia. Hanoi-hosted event highlights sportsmanship Though the exciting … [Read more...] about “Vietnamese runners are my second family”: Timor Lester athlete at SEA Games 31

The challenge would be huge for localities and Government agencies to fully disburse the public investment funds for this year. The government’s task force groups are now working with provinces/cities and ministries to accelerate public investment, seen as an urgent task to ensure economic recovery. The construction of the Eastern North-South expressway, section Phan Thiet - Giau Day. Photo: Phuoc Tuan Data from the Ministry of Finance (MoF) revealed the disbursement of public investment funds in the first five months of 2022 stood at a modest rate of 22.37%, of which the disbursement of domestic funds accounted for 23.53%, and that of foreign capital at 6.26%. The MoF added 41 out of 51 Government ministries and 21 from 63 provinces/cities posted disbursement rates below 20%, including five ministries with no disbursement at all. Meanwhile, localities pointed to unfavorable weather conditions, difficulties in site clearance or rising construction … [Read more...] about Public investment identified as urgent task for economic recovery: Gov’t

Deputy Prime Minister Le Minh Khai (first on the left) is investigating the construction site of Provincial Road No.910 in Can Tho City. (Photo: SGGP) The Transport Ministry reported that the land compensation step in the first stage of the mega North-South Expressway project has finished. However, some technical infrastructure has not been fully moved. The total expense for construction until now has reached VND20,087 billion ($867 million), accounting for 35.4 percent of the contract value, and 0.7 percent later than the planned one. The disbursement volume for the four projects to be completed this year is 53.4 percent of the contract value, which is 2.6 percent later than expected. In the Southern region, the 21-kilometer coastal road project from Rach Gia City to Hon Dat District of Kien Giang Province has the total investment of VND600 billion ($26 million), and is planned to complete two years after its commencement date of January 2020. Since the construction work is … [Read more...] about VN determinedly stops slow public investment projects