Tag: oil
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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.
Gov’t to halve environmental protection tax to stabilize petrol market
VOV.VN - The Government has agreed with the Finance Ministry’s proposal to cut the environmental protection tax on petrol by half in an attempt to stabilize the petrol market and rein in inflation.
Ministry urges for intensified monitoring of fuel trade nationwide
The Ministry of Industry and Trade has asked authorities of cities and provinces nationwide to step up checks and monitoring of oil and gas trade as the ongoing ups and downs of the global fuel market are having major impacts on the domestic supply and prices.
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.
Ministry working to ensure petrol supply: official
The Ministry of Industry and Trade (MoIT) has instructed relevant agencies to ensure the supply of petrol, MoIT Deputy Minister Do Thang Hai said at the Government’s regular press conference for February on March 3.
Petrol prices reach historic peaks
VOV.VN - Retail petrol prices climbed to reach a new peak as of 3 p.m. on March 1 following the Ministry of Industry and Trade and the Ministry of Finance adjusting prices upwards for the sixth time in a row.
Two-month import surplus rises to nearly US$1 billion
VOV.VN - Vietnam has retained an import surplus of US$937 million over the first two months of 2022, reversing the US$1.6 export surplus recorded in the same period of last year, the General Statistics Office announced on February 28.
PM encourages Thai high-tech investment in large-scale oil refinery project
Prime Minister Pham Minh Chinh has asked Thailand’s Siam Cement Group (SCG) and Amata Vietnam to apply latest technologies in the US$5 billion oil refining and petrochemical project in Vietnam.
Petrol prices soar by nearly VND1,000 per litre
VOV.VN - Retail petrol prices increased by approximately VND1,000 per litre as of 3 p.m. on February 11 following the latest price adjustments made by the Ministry of Industry and Trade and the Ministry of Finance.
