Illustrative photo:SGGP/ Viet Chung The Office of the Ministry of Industry and Trade this morning informed that gasoline, an essential goods, directly affecting the production activities of enterprises as well as people’s livelihoods. The gasoline price hugely affects the Consumer Price Index (CPI) which impacts the whole country’s macroeconomy. From the beginning of the year up to now, the local and international gasoline markets have been uncertain affecting the fuel supply and prices in the local market. Currently, the whole country has 38 wholesalers of gasoline, 329 gasoline distributors and nearly 17,000 retail gas stations. In order to strengthen state management in the field of gasoline business , prevent violations in petroleum business activities, and support the authorities in regulating the supply and demand of gasoline, it is necessary to apply information technology in updating data for petroleum trading enterprises across the country related to gasoline … [Read more...] about Vietnam puts gasoline database system into operation to avoid violations
Shelley coffee set price guide
Vietnam riding the wave of inflationary unpredictability
Petrol retail prices in the country have been adjusted many times over the past few months, Photo: Le Toan In Vietnam, gasoline prices continue to increase, and after the adjustment on May 11 by the Ministry of Industry and Trade (MoIT) and the Ministry of Finance, each litre of E5 RON92 petrol increased by 6.5 US cents to $1.26 per litre while RON95 climbed by 6.7 US cents to $1.30 per litre. On May 17, the price of US WTI crude oil remained at a high level of over $114 per barrel while Brent oil maintained its upward momentum at $114.28 per barrel. Before the next adjustment, which was due on May 21, petrol prices in Vietnam were forecast to continue to increase to higher levels. The ministries first adjusted gasoline prices on January 11 due to a decrease in global supply, production output by Kazakhstan and Libya, and oil inventories of the United States. According to Decree No.95/2021/ND-CP, effective from January, there will be three adjustments each month to the … [Read more...] about Vietnam riding the wave of inflationary unpredictability
Wildlife trafficking rife in southern Vietnam
Tam Nong Market in Tram Chim Town, Dong Thap Province used to be a hotbed of wildlife trafficking in southern Vietnam. Nowadays, however, the flood of endangered wildlife flowing into local markets from nearby Tram Chim National Park and Cambodia seems to have slowed, but across the region traffickers still breed and butcher rare animals. Any animal in demand Though the wildlife trade in Dong Thap is not what it once was, some vendors at Tam Nong Market still deal in rare animals. Tam is one of these vendors. Keeping a watchful eye of the turtles for sale at her stall, she agreed to deliver a large shipment of endangered turtles to an undercover reporter, provided that they would be set free at pagodas. Tai, a vendor at the market who primarily deals in both live and frozen copperheads and banded kraits, claims himself as the biggest wildlife seller in Tam Nong. Turtles up for sale at the Thanh Hoa bird market in Long An Province, southern Vietnam. Photo: … [Read more...] about Wildlife trafficking rife in southern Vietnam
Malaysia: Food inflation pushes April CPI
A market in Malaysia (Photo: Bernama) Kuala Lumpur (VNA) – Malaysia’s consumer price index (CPI) in April increased 2.3 percent to 125.9 compared with 123.1 in the same month last year, the Department of Statistics Malaysia has said. The increase surpassed the average inflation in Malaysia for the period of between January 2011 and April 2022 (1.9 percent). Chief statistician Mohd Uzir Mahidin said food inflation in April was higher at 4.1 percent with 89.1 percent of food items in the food and beverages group recording increases. He pointed out that the increase in food inflation , which contributed the highest to the overall weight of CPI , remained a major contributor to inflation. Inflation for this group increased 4.1 percent in April 2022 compared to the same month of the previous year. On a monthly basis, the CPI increased 0.2 percent compared to March 2022, attributed by food and non-alcoholic beverages, transport, recreation services and culture, … [Read more...] about Malaysia: Food inflation pushes April CPI
Hanoi promotes sustainable rice production
The city has supported localities in building large-scale rice farming and encouraged businesses to expand distribution networks in the domestic market and exports. Hanoi is promoting sustainable rice production as a key solution to meet the growing demand for domestic consumption and exports. A delegate of the Hanoi's Department of Agricultural and Rural Development inspects organic farming production at Thach That District. Photo: Anh Ngoc Organic rice farming in Dong Phu Commune, Chuong My District, is considered one of the examples of rice production under the value chain. The Director of the Dong Phu Organic Agricultural Cooperative Trinh Thi Nguyet said from the original area of five hectares, the cooperative has now expanded its production area to 40 hectares. “The entire crop harvested would be later processed and distributed to other provinces/cities, as well as for exports,” Nguyet told The Hanoi Times . According to Nguyet, prices of … [Read more...] about Hanoi promotes sustainable rice production
Hanoi promotes application of hi-tech farming models
One-third of the number of large-scale enterprises in Hanoi have invested in high-tech agriculture. Hanoi has been promoting the application of hi-tech models to farming in an effort to build up supply-production chains connecting cities and provinces nationwide. Hanoi has 22 cooperatives applying high technology. Photo: kinhtedothi.vn The capital city has developed 160 hi-tech farming models in the outskirt districts of Me Linh, Gia Lam, Thuong Tin, Dong Anh, Thanh Oai, and Dan Phuong, in which nine enterprises specializing in livestock, aquaculture, preliminary processing - consumption of agricultural products including CP, Dabaco, CJ Vietnam, Minh Long, Hanoi Cattle Breeding JSC, and others are investing in high tech agriculture in the city. Director of the Hanoi Animal Husbandry and Veterinary Sub-Department Nguyen Ngoc Son told a conference on May 25 in Hanoi that the situation of livestock and poultry diseases has been complicated and unpredictable … [Read more...] about Hanoi promotes application of hi-tech farming models