The inflationary pressure on Vietnam in 2023 may not be high, said experts at a conference in Hanoi on January 4.

Vietnam spent around US$8.12 billion importing 7.89 million tons of fuel between January and November, up 23.9% in volume and 119.6% in value versus the year-ago period, according to the General Department of Vietnam Customs.

VOV.VN - The price of petrol recorded a decline of over VND1,000 per litre as of 15:00 p.m. on December 1 following the latest adjustment made by the Ministry of Finance and the Ministry of Industry and Trade.

VOV.VN - The retail prices of petrol and oil witnessed a reduction as of 3 p.m. on November 21, with these changes coming following the latest price adjustments which were jointly carried out by the Ministry of Industry and Trade and the Ministry of Finance.

The State Bank of Vietnam (SBV) has issued a document instructing commercial banks to take all measures to support fuel traders.

With just two months left until the end of 2022, enterprises have tried to find new suppliers and diversify sources of goods to develop and serve the customers after a tough year.

The Ministry of Industry and Trade (MOIT) on October 12 held a news conference where the media mostly grilled the ministry over the temporary closures of many gas stations in southern Vietnam, especially Ho Chi Minh City, Dong Nai, Binh Phuoc, Can Tho and An Giang.

Vietnam’s gross domestic product (GDP) growth in 2022 can reach up to 8%, surpassing the target of 6.5%, according to Director General of the General Statistics Office (GSO) Nguyen Thi Huong.

VOV.VN - Vietnam is willing to share its experience in agriculture development as a pillar of the economy with Cuba, Prime Minister Pham Minh Chinh told his Cuban counterpart Manuel Marreto Cruz during their talks in Hanoi on September 29.

Petrol prices were slashed by over VND1,000 per litre across the board on September 12.