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Illustrative image (Source: VNA) Hanoi (VNA) - The retail prices of oil and petrol continued to rise from May 23 following the latest adjustment by the Ministry of Industry and Trade and Ministry of Finance . Accordingly, from 3pm, the price of RON95 bio-fuel RON95 was raised by 670 VND per litre to 30,650 VND (1.32 USD) per litre, while that of E5 RON92 rose by 680 VND per litre to 29,630 VND (1.28 USD) per litre. Meanwhile, the price of diesel oil was down by 1,100 VND per litre to 25,550 VND (1.1 USD) per litre. A decrease of 660 VND per litre was also seen in the price of kerosene to 24,400 VND (1.05 USD). Since the beginning of this year, the retail prices of petrol have been adjusted up nine times and down for only three times. According to the General Statistics Office (GSO), the hike in petrol prices is the major factor pushing up CPI in the first four months of this year. Domestic petrol prices surged 48.84 percent year on year, which led to a 1.76 … [Read more...] about Petrol prices adjusted up over 600 VND per litre

This decree provides interest rate support for loans in Vietnamese đồng arising from lending activities of commercial banks to enterprises, co-operatives and business households. — Photo thoibaotaichinhvietnam.vn HÀ NỘI — The Government has officially issued Decree 31/2022/NĐ-CP on interest rate support from the State budget for loans of enterprises, co-operatives and business households. This decree provides interest rate support for loans in Vietnamese đồng arising from lending activities of commercial banks to customers that are enterprises, co-operatives and business households according to Resolution 43/2022/QH15 dated January 11 of the National Assembly and Resolution 11/NQ-CP dated January 30 of the Government. The State budget shall fully and promptly allocate funds for interest rate support for commercial banks to provide interest rate support to customers. Commercial banks provide interest rate support to ensure compliance with regulations, creating favourable … [Read more...] about Decree on 2% interest rate support package officially issued

Ambassador Lê Thị Tuyết Mai. Photo vtv.vn Deputy Prime Minister Lê Minh Khái is attending the 52nd World Economic Forum (WEF) annual meeting from May 23-24 in Davos, Switzerland. Ambassador Lê Thi Tuyết Mai, Head of the Permanent Delegation of Việt Nam to the United Nations, World Trade Organization (WTO) and other international organisations in Geneva, talks to VTV News on relations between Việt Nam and WEF, as well as issues surrounding the content of this year's forum. The World Economic Forum Annual Meeting 2022 (WEF Davos Conference 2022) has the theme "History at a turning point: Government Polic ies and Business Strateg ies". This will be the first live event promoting public-private cooperation between leaders of countries, international organi sations and global corporations since the COVID-19 pandemic. Could you please tell us more about the issues that will be discussed at the Conference, as well as the purpose, meaning and comments on this year's topic? The … [Read more...] about Việt Nam commits to working with global community in tackling global issues

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

Non-profit organisation Food Bank Vietnam opens a food bank warehouse in the Cửu Long (Mekong) Delta province of Bến Tre on May 21. VNA/VNS Photo Huỳnh Phúc Hậu HCM CITY — The non-profit organisation Food Bank Vietnam has set up a warehouse in the Cửu Long (Mekong) Delta province of Bến Tre. It will be used to store food for donating to disadvantaged people in Bến Tre and neighbouring provinces. Speaking at the inauguration of the facility on May 21, Nguyễn Văn Triều, president of the Association for Supporting Poor Patients in Bến Tre, said the warehouse would help meet the increased demand for food as more and more people are unemployed as a result of the COVID-19 pandemic. Nguyễn Thị Bé, a lottery ticket seller in Bến Tre Town’s Ward 6, said she could save money by getting fresh food from the warehouse. Her income has dropped sharply in the last two years due to COVID restrictions, she added. Nguyễn Hoàng Trúc Linh, chief operating officer of Food Bank Vietnam, said it is … [Read more...] about Food bank opens warehouse in Mekong Delta

A gas station in Hà Nội on Monday. — VNA/VNS Photo Trần Việt HÀ NỘI — The retail price of oil and petrol continued to rise from May 23 following the latest adjustment by the Ministry of Industry and Trade and Ministry of Finance. Accordingly, from 3pm, the price of RON95 bio-fuel RON95 was raised by VNĐ670 to VNĐ30,650 (US$1.32) per litre, making a new record, while E5 RON92 rose by VNĐ680 to VNĐ29,630 ($1.28) per litre. Meanwhile, the price of diesel oil was down by VNĐ1,100 to VNĐ25,550 ($1.1) per litre. A decrease of VNĐ660 per litre was also seen in the price of kerosene to VNĐ24,400 ($1.05). Since the beginning of the year, the retail price of petrol has been adjusted up nine times and down only three times. According to the General Statistics Office , the hike in petrol prices was the major factor pushing up the Consumer Price Index (CPI) in the first four months of this year. Domestic petrol prices surged 48.84 per cent year on year, which led to a 1.76 percentage … [Read more...] about Petrol price hits record level in latest adjustment