Oil price hike

  Residents from Linh Đàm urban area wait in line to get fresh water for drinking and cooking from a tanker. — VNA Photo HÀ NỘI — The Directorate of Market Surveillance under the Ministry of Industry and Trade has instructed Hà Nội market watch to put a stop to rising prices of bottled water. While remaining the same price in major supermarkets, bottled water has been sold for double to triple the usual amount in some shops as stocks run out. Earlier on Tuesday, city authorities issued a warning that tap water in several residential areas, supplied by Viwasupco Water Plant and sourced from the Đà River, was no longer safe for drinking and cooking, prompting a mass purchase of bottled water by residents in affected areas. Residents said they had to buy even small bottles in bulk now as large ones never seemed to be in stock. Some shops had to warn their customers that it may take days for them to deliver as supply … [Read more...] about HN to halt bottled water price hike after water contamination incident

Motorcyclists buy petrol at a gas station of Petrolimex (Photo: VNA)   Hanoi (VNA) - The retail prices of petrol were reduced as from 3pm on October 16, following a hike earlier this month. Specifically, the price of E5 RON92 was down 310 VND to 19,470 VND (0.84 USD) per litre at the highest, and that of RON95-III also fell by 271 VND to 20,795 VND per litre. Meanwhile, the prices of diesel 0.05S and kerosene were capped at 16,223 VND and 15,258 VND per litre, dropping 415 VND and 528 VND per litre, respectively. Mazut 180CST 3.5S is sold at no more than 12,816 VND per kilogramme, down 2,103 VND per kg. The Ministry of Industry and Trade and the Ministry of Finance review fuel prices every 15 days to adjust domestic prices in accordance with fluctuations in the global market. According to the two ministries, the average prices of petrol and oil in the world market declined in the 15-day period before the latest price review, attributed to this time's reduction./. VNA … [Read more...] about Petrol prices slightly drop after recent hike

Trade Local fuel prices fall The Saigon Times Daily Wednesday,  Oct 16, 2019,19:11 (GMT+7) Local fuel prices fallThe Saigon Times Daily A customer has his bike refilled at a local gas station – PHOTO: VNA HCMC – Fuel prices in the local market dropped from 3 p.m. today, October 16, as a result of the global oil price fall over the last 15 days, according to the ministries of Finance and of Industry and Trade. The ministries also decided to keep the extraction levels to add to the national fuel price stabilization fund unchanged at the current VND100 for each liter of E5 RON92 bio-fuel sold and the current VND300 per liter of RON95 gasoline, kerosene and diesel oil. However, the extraction level for heavy fuel oil inched up to VND900 per kilogram, which is VND600 higher than that in the previous price adjustment. Local fuel traders were allowed to take VND200 from the fund for each liter of RON95 petrol sold … [Read more...] about Local fuel prices fall

    Deputy Prime Minister Vương Đình Huệ speaks at the meeting of the Government’s Steering Committee for Price Management in Hà Nội on Friday. Photo chinhphu.vn HÀ NỘI If there are no unexpected factors in the remaining months of the year, it is feasible to control the consumer price index (CPI) this year at a low level of 3.3-3.5 per cent, Deputy Prime Minister Vương Đình Huệ said on Friday. During a meeting of the Government’s Steering Committee for Price Management to review the country’s price management in the third quarter of 2019 held in Hà Nội, Huệ said average consumer price index in the first nine months of 2019 was estimated to expand by some 2.52 per cent against the same period last year. Huệ, who is head of the committee, said the average CPI of 2.52 per cent in the first nine months of 2019 was the lowest level in the past three … [Read more...] about Consumer price index to be controlled at low level of 3.3-3.5% in 2019

Yellow card pushes seafood industry developing sustainably Vietnam’s seafood exports have been seriously affected since the European Commission issued an official warning against illegal, unreported and unregulated (IUU) exploitation of Vietnamese seafood. The European Commission’s yellow card has seriously affected Vietnamese seafood firms, resulting in a downturn in export value to the EU and a shortage of input material. Given these acute challenges, this company has still raked in six million USD, recorded 12 percent export growth in the first eight months of 2019. This success looks like a timely change in tactics. The EU is no longer Vietnam’s second biggest seafood importer. With import value of 251 million USD, it now stands in fifth position. According to the Vietnam Association of Seafood Exporters and Producers, seafood exports to the EU have fallen, but have witnessed growth in other markets. Seeing the challenge as an opportunity to restructure, the … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 17