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Gasoline prices fall for first time in 10 weeks

Gasoline prices fall for first time in 10 weeks

Vietnam’s gasoline prices dropped by 0.3-1.3 percent Friday, the first drop after seven consecutive upward adjustments since April 12.
Finance ministry proposes tax cuts on gasoline

Finance ministry proposes tax cuts on gasoline

The Ministry of Finance has apprised the government of its plan to reduce special consumption tax and value-added tax on gasoline to bring its prices down.
June 30, 2022 | 06:52 pm PT
Gasoline price rises 1.5 pct

Gasoline price rises 1.5 pct

Vietnam’s RON 95 gasoline price increased by 1.54 percent Tuesday to a new record of VND32,870 ($1.42) per liter, having risen by 41 percent so far this year.
June 21, 2022 | 12:32 am PT
Fuel price hikes a great burden on transport businesses

Fuel price hikes a great burden on transport businesses

Nhat Tin Logistics, which operates 450 trucks, saw fuel costs rise by nearly 20 percent between April and May.
June 20, 2022 | 05:24 pm PT
Finance ministry mulls further cut in fuel environment tax

Finance ministry mulls further cut in fuel environment tax

The Ministry of Finance is again considering halving the environment tax on fuel.
June 19, 2022 | 10:56 pm PT
HSBC lowers Vietnam inflation forecast

HSBC lowers Vietnam inflation forecast

HSBC has cut its inflation forecast for Vietnam from 3.7 percent to 3.5 percent, thanks to stable food supply and weaker than expected impacts of fuel costs.
June 15, 2022 | 05:00 am PT
Help poor households cope with rising fuel prices: WB

Help poor households cope with rising fuel prices: WB

The World Bank has advised Vietnam to support poor households hurt by the impacts of rising gasoline prices.
June 14, 2022 | 06:33 pm PT
Finance ministry seeks further gasoline tax cut

Finance ministry seeks further gasoline tax cut

The Ministry of Finance is set to propose a further environment tax reduction on gasoline amid surging prices.
June 14, 2022 | 04:31 am PT
Importing Malaysian gasoline at one-third price a false report: ambassador

Importing Malaysian gasoline at one-third price a false report: ambassador

Reports of Malaysia selling gasoline to Vietnam at a third of the current price are false, the Vietnam Ambassador to Malaysia has said in an effort to clarify recent misinformation.
June 14, 2022 | 01:24 am PT
Gasoline prices jump another 2.5 percent

Gasoline prices jump another 2.5 percent

Vietnam gasoline prices set yet another new record Monday after authorities adjusted them upward for the sixth consecutive time.
June 13, 2022 | 03:27 am PT
Still room for further gasoline tax cuts: minister

Still room for further gasoline tax cuts: minister

Vietnam still has room for further gasoline tax cuts but a lower price tag could enable the smuggling of this commodity to other countries, a minister has said.
June 8, 2022 | 12:20 am PT
Importing cheap gasoline from Malaysia deems unworthy: trade ministry

Importing cheap gasoline from Malaysia deems unworthy: trade ministry

Vietnam is mulling importing cheap gasoline from Malaysia, but that is unlikely to ease domestic shortage and high price.
June 4, 2022 | 03:07 am PT
Fighting inflation key mission this year: minister

Fighting inflation key mission this year: minister

Fighting rising inflation is a crucial duty this year as prices of gasoline and materials surge while global economies recover, Minister of Finance Huynh Duc Phoc said.
June 3, 2022 | 03:00 am PT
Cut gasoline taxes further to hold price surge: lawmakers

Cut gasoline taxes further to hold price surge: lawmakers

Further tax cuts are needed to contain the surging gasoline prices, which will push the prices of all other goods up, lawmakers have said.
June 1, 2022 | 11:30 pm PT
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