VOV.VN - The retail prices of oil and petrol were adjusted down as of 3 p.m. on August 1 following the latest adjustments made by the Ministry of Industry and Trade and the Ministry of Finance.

VOV.VN - Prime Minister Pham Minh Chinh sent a dispatch to various ministers, heads of ministry-level agencies, and chairmen of the People’s Committees of centrally-run provinces and cities on July 31, asking for stricter management of prices of essential goods and services.

Vietnamese automaker VinFast has announced it will sell five models of electric vehicle (EV) in the Vietnamese market.

VOV.VN - The nation’s consumer price index (CPI) during the initial seven months of the year edged up 2.54% on-year, while core inflation rose by 1.44%, as announced by the General Statistics Office (GSO) on July 29.

VOV.VN - Petrol prices fell further from 3pm on July 21 after the latest review conducted by the Ministry of Industry and Trade and the Ministry of Finance.

Two former major generals of the Coast Guard High Command on July 15 were sentenced jail terms of 27 years in total for “receiving bribes” in a case of smuggling 200 million litres of RON 95 petrol worth around VND2.8 trillion (US$130 million) into Vietnam.

Fourteen defendants, including high-ranking officials from the Border and Coast Guards, stand accused of smuggling 200 million litres of RON 95 petrol worth around VND2.8 trillion (US$130 million) into Vietnam.

VOV.VN - The retail prices of petrol in Vietnam dived sharply on July 11 after consecutive hikes over the past months.

Measures taken to bring down petrol prices could reduce State budget collection by VND32.5 trillion (US$1.4 billion) this year, according to Deputy Minister of Finance Nguyen Duc Chi.

VOV.VN - The National Assembly Standing Committee, at its extraordinary session on July 6, approved the Government’s proposal on additional environmental protection tax cuts on petrol and oil in an attempt to cool down the domestic fuel market.