Tag: oil prices
Retail petrol prices reach new all-time high of VND31,578 per litre
VOV.VN - Domestic petrol prices set a new record of VND31,578 per litre following adjustments made by the Ministry of Finance and the Ministry of Industry and Trade as of 3 p.m. on June 1.
HSBC lowers Vietnam’s 2022 GDP rate to 6.2%
VOV.VN - The Hong Kong & Shanghai Banking Corporation (HSBC) has moved to lower Vietnam’s GDP growth rate for the year from the previously-projected 6.5% to 6.2% amid fears of rising oil prices globally.
Trade Minister affirms sufficient fuel supply for local consumption
VOV.VN - Trade Minister Nguyen Hong Dien on March 16 played down legislators’ worries about petroleum supply disruption due to global price volatility, saying Vietnam has a sufficient supply of petroleum products for local consumption.
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Local firms seek to cushion Russia-Ukraine conflict impact
VOV.VN - The ongoing Russia-Ukraine conflict has led to a significant rise in oil prices, fueling production costs which have affected many industries and reduced the competitive advantages of Vietnamese enterprises, according to industry insiders.
Two Cabinet members to be grilled over burning issues
VOV.VN - Minister of Industry and Trade Nguyen Hong Dien and Minister of Natural Resources and Environment Tran Hong Ha will be questioned over issues of people concern at the ongoing ninth session of the National Assembly Standing Committee.
Banking sector optimistic despite ongoing conflict in Europe
It's too early to tell how the ongoing Russia-Ukraine conflict will affect Vietnam's banking sector, said industry experts.
Local petrol prices drop sharply after five consecutive hikes
VOV.VN - Domestic retail prices of petrol and oil dropped considerably as of 3 p.m. on November 25, according to a joint announcement by both the Ministry of Industry and Trade and the Ministry of Finance.
Oil and gas firms suffer drop in Q3 profit due to COVID-19 impacts
Despite the recovery of petrol prices, profits of many businesses in the oil and gas sector dropped in the third quarter of this year due to impacts of the COVID-19 pandemic.
Oil and gas companies recover strongly in Q1 from last year's losses
Surging international crude oil price on improving demand has helped many oil and gas companies record big profits in the first quarter of this year, after losing in 2020.
Good governance helps PetroVietnam achieve impressive growth
The Vietnam Oil and Gas Group (PetroVietnam) enjoyed impressive production and business results in the first four months of 2021, thanks to its efforts to address bottlenecks to stimulate production and improve governance, besides an increase in oil prices.
