Petrol prices fall for second consecutive adjustment
E5 RON92 petrol has been capped at 18,498 VND (0.71 USD) per litre, down 384 VND, while RON95-III petrol now costs 18,856 VND per litre, a decrease of 351 VND.
Petrol prices fall in the second consecutive adjustment. (Photo: VNA)
Hanoi (VNA) – Ret♔ail fuel prices have been reduced for the second consecutive pricing cycle, according to an announcement from the Ministry of Industry and Trade and the Ministry of Finance, with the latest adjustments taking effect from 3pm o🎉n April 17.
Accordingly, E5 RON92 petrol has been capped at 18,498 VND (0.71 USD) per litre, down 384 VND, while RON95-III petrol now costs 18,856 VND per litre, a decrease of 351 VND.
The price of diesel 0.05S has been reduced by 206 VND to 17,037 VND per litre, and that of kerosene dropped by 229 VND to 17,184 VND per litre. Mazut, however, saw a slight increase of 58 VND, now priced at 15,960 VND per kilogram.
This marks the second consecutive drop in domestic RON95 prices, which have now reached their lowest level in four years, equivalent to the prices seen in April 2021.
Since the beginning of this year, RON95 petrol has experienced eight price hikes and eight cuts. Diesel oil has increased seven times, decreased eight times, and remained unchanged once.
In this adjustment, the authorities opted not to use the petrol and oil price stabilisation fund for any of the fuel categories.
Global oil prices during the April 10–16 period were shaped by rising OPEC+ output, shifting US tariffs, slower demand forecasts from the IEA, and continued geopolitical tensions, particularly the Russia-Ukraine conflict, according to the Ministry of Industry and Trade./.
The Ministry of Industry and Trade (MoIT) has proposed a new price mechanism to adjust fuel prices every 5 days instead of the current 10-day cycle, or possibly every day to finally address a number of issues that resulted in sporadic fuel shortages across the country in recent months.
The Ministry of Industry and Trade (MoIT) will send a proposal to the government on whether it is necessary to maintain the petrol price stabilisation fund in June.
In mid-June, the Vietnam Trade Promotion Agency (VIETRADE) at the Ministry of Industry and Trade (MoIT) in collaboration with Alibaba.com announced a list of 200 outstanding businesses selected to participate in the "Vietnam National Pavilion" in 2025.
Vietnamese seafood processing and export enterprises are in the process of completing procedures and adopting necessary technologies to bring their products into the Halal market.
The PM outlined a dual strategy: revitalising traditional growth engines of investment, exports, and consumption, while accelerating breakthroughs in sci-tech, innovation, digital transformation, and green transition.
The complex, covering a total area of 512 ha, is designed after a multi-functional model, prioritising the preservation of natural landscapes, honouring local beauty, and creating an ideal living area.
He requested delegates to provide objective and honest feedback on what has been achieved, what has not, the consequences, and draw lessons learned for the future. He also emphasised the need to identify key directions and tasks, with a firm resolve to prevent, and eventually eliminate the trafficking of counterfeit medicines and fake food products.
The Ministry of Finance is drafting policies to establish specialised AI and smart industrial parks to raise the technological profile of FDI projects and create spillover effects for local businesses.
Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.