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Fuel prices in sharp fall on May 4
The two ministries of Finance and Industry and Trade have made 12 adjustments to fuel prices since the start of the year.
18:31, 2022/04/01
Petrol prices in Vietnam decline for second consecutive time
This marked the second consecutive decline after six rises in a row since the beginning of this year.
18:04, 2021/07/31
Ending monopoly in fuel imports key to boost petroleum market competitiveness: Experts
The participation of new players in the petroleum market would create benefits for businesses and customers.
08:19, 2020/07/03
Vietnam inflation set to stay below 4% target this year: Experts
Inflationary pressure in the remaining six months would be insignificant as the oil prices are unlikely to surge, which is a result of a possible global economic recession.
08:59, 2020/04/25
Global oil crash exerts little impact on Vietnam’s budget revenue
In this year's state budget plan, revenue from crude oil is predicted at VND35.2 trillion (US$1.5 billion), accounting for 2.3% of the total.
15:06, 2020/04/23
Vietnam state oil producer proposes temporary halt of oil imports
A representative of the trade ministry, however, suggested measures should be in compliance with current regulations and international agreements that Vietnam is a part of.
11:21, 2020/03/12
Declining oil prices set to boost Vietnam’s external balance by US$1.5 billion
Vietnam posted net spending on offshore crude oil of nearly US$1.8 billion in 2019.
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