The National Assembly (NA) Standing Committee on March 23 passed the resolution on environmental protection tax rates on petroleum, oil and lubricants, which will take effect from April 1 till December 31, 2022.

Retail petrol prices reduced by more than VND600 per litre from 3pm on March 21 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

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.

The government has viewed price control of key commodities, such as petrol, steel, concrete, transport, livestock feed, food and medical equipment, as a top priority, said Deputy Prime Minister Le Minh Khai in a meeting with ministries and local authorities on March 14.

The National Assembly (NA) Standing Committee has urged the Government to early issue a master plan on COVID-19 prevention and control for 2022-2023 to deal with many urgent issues such as COVID-19 test kit prices, the opening of tourism sector amid the rising infection number.

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.

VOV.VN - VinaCapital, one of Vietnam’s most experienced asset management companies, has forecast that the country’s GDP growth rate this year is likely to expand by 6.5%, or 1% lower than its previous forecast.

VOV.VN -Petrol prices continued to rise during the latest adjustments made by the Ministry of Industry and Trade and the Ministry of Finance at 15:00 p.m. on March 11, climbing by roughly VND3,000 per litre.

VOV.VN - Motorists on March 10 formed long queues, creating chaos at many petrol stations in the capital following the announcement that petrol prices will increase sharply to VND30,000 per litre the following day.

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.