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This marked the seventh price hike since April 21. The retail prices of biofuels E5-RON92 rose by VND190 to VND31,300 per liter (US$1.35) and RON95 by VND500 to a record high of VND32,870 ($1.42) from 3:00 pm today [June 21]. A petrol station at Giai Phong Street, Hanoi. Photo: Viet Dung RON95 currently makes up 70% of the total amount of consumed petroleum products in the domestic market. The move came following the latest 10-day review on petrol prices jointly conducted by the Ministry of Industry and Trade (MoIT) and the Ministry of Finance (MoF) on the same day, marking the seventh price hike since April 21. Since last month, prices of RON95 rose by VND5,560 per liter, and E5-RON92 by VND4,830. The price of kerosene was posted at VND28,780 ($1.24) per liter, up nearly VND950; diesel at VND30,010 ($1.29), or an increase of VND990; and the price of mazut went up by VND380 to VND20,730 ($0.89) per kilogram. According to the ministries, prices of petrol … [Read more...] about Vietnam petrol prices set new record at US$1.42 per liter

Illustrative image. (Photo: Getty Images) She made the statement at a regular press briefing held in Hanoi while responding to reporters’ question on Vietnam's response to the risk of the monkeypox epidemic, which has been spreading around the world, including Singapore and the Republic of Korea. "Being aware of this issue and the need to protect people's safety, and with global cases of monkeypox continuing, the Ministry of Health has sent a document to relevant agencies and localities suggesting strengthened surveillance, prevention and early detection of cases at border gates and medical facilities, especially those returning from countries where the disease has been reported,” she said. Communication campaigns have been launched to raise people's awareness about the disease as well as prevention and control measures, Hang added. The Vietnamese press has continued to update information on disease prevention and control. Authorities will continue to coordinate with the … [Read more...] about No monkeypox cases recorded in Vietnam so far: Foreign Ministry

During this month, payment systems were the most common phishing cases detected by Kaspersky, representing 11.77 percent of all phishing and over 44 percent of financial phishing. The increase in online transactions in Vietnam during the pandemic has facilitated the proliferation of phishing with pages impersonating popular payment systems such as Visa, Mastercard, PayPal, and more. The percentages are from anonymised data based on the triggering of the deterministic component in the Kaspersky’s Anti-Phishing system on user computers. The component detects all pages with phishing content that the user has tried to open by following a link in an e-mail message or on the web, as long as links to these pages are present in the Kaspersky database. As more and more users shop online, phishing attempts targeting e-shops also increase, accounting for 30 percent of financial phishing cases. Bank-related phishing, with the example below showing pages impersonating Vietcombank, … [Read more...] about A quarter of phishing attempts in Vietnam last April are financial-related

Before the trading session, investors received positive information from the global stock market, especially the US stock market. The stock market of the world-leading economy rallied in the first trading session of a new week after dropping at the end of last week in the context that investors' concerns about the Fed's decision to raise interest rates were higher than the forecast and risks of economic depression. Specifically, the Dow Jones Industrial Average jumped 641.47 points, or 2.15 percent, to 30,530.25 points. The S&P 500 also rose by 2.45 percent to 3,764.79 points. Both indexes recorded the strongest increase in June. The Nasdaq Composite alone surged 2.51 percent to 11,069.30 points. The prosperity of the US stock market is the motivation for investors to jump in and catch the bottom right from the first minutes of the morning trading session. Although the VN-Index suffered the selling pressure from large-cap stocks and sometimes retreated sharply to 1,160 points, … [Read more...] about VN-Index declines for five straight days despite support from banking stocks

Land prices in the provinces of Binh Duong and Long An increased by 11 percent, with the latter accounting for 70 percent of new supply, according to a recent report by real estate developer DKRA. In Ho Chi Minh City, house and villa prices went up 15-20 percent from the beginning of the year, with new supply and consumption concentrating in the southern and western part of the city. In the provinces of Dong Nai and Ba Ria Vung Tau, house and villa prices rose by 10-20 percent from three to five months ago. Data of real estate developer Ngoc Chau A confirmed the same trend. Prices of land and houses in HCMC and neighboring provinces rose by 10-15 percent year-on-year in May, it said. Some areas saw prices surging by 20 percent from December last year, it added. Nguyen Loc Hanh, CEO of Ngoc Chau A, said part of the reason why land and house prices rise is the surge in apartment prices. HCMC is seeing more and more apartments priced at VND60-80 million per square meter, … [Read more...] about Southern land, house prices up by 20 pct

Of those cases, eight have died, Nguyen Hong Chuong, director of Binh Duong’s Health Department, told a provincial meeting Wednesday. Binh Duong, a major industrial hub bordering Ho Chi Minh City, has detected 920 dengue fever hotspots this year. The HCMC Center for Disease Control (HCDC) said Sunday the city had recorded 16,057 dengue fever cases as of June 19, up 117.3 percent over the same period last year, and nine have died. The HCDC said with the southern region entering the rainy season, it is now the peak of dengue fever. It warned people to avoid being bitten by mosquitoes. Vietnam has been trying to find an effective way to tackle dengue, one of the biggest killers of its 28 common infectious diseases. The only vaccine for it available globally is not recommended for people who have not had dengue before. The World Health Organization says vector control is the key strategy to prevent transmission of the dengue virus. … [Read more...] about 8 killed by dengue fever in Binh Duong

In any case, public debt will not hit the limit of 65 per cent of GDP, said the Ministry of Finance Vietnam’s real GDP grew 5.03 per cent on-year in the first quarter of 2022, extending the 5.22 per cent pace in the last quarter of 2021 as the services sector rebounded after more parts of its economy were reopened with the relaxation of mobility and distance restrictions. The manufacturing sector continued to take the lead, and most significantly, the overall services sector expanded 4.58 per cent on-year, from 1.22 per cent in the previous quarter and 3.62 per cent in the first quarter of last year. It was clear that service activities were able to benefit from the lifting of COVID-19 restrictions imposed during the second half of last year. Recent data suggests that Vietnam’s underlying growth momentum remained intact in the second quarter of this year. The manufacturing sector continued to power on, registering a 9.24 per cent on-year gain in the first five months, from … [Read more...] about Vietnam steady but external risks weigh

Four tremors with magnitudes of up to 3.2 vibrated throughout the mountainous district of Kon Plong in the Central Highlands province of Kon Tum early on June 22, the Institute of Geophysics reported. Four minor quakes hit Kon Tum on June 22 According to the institute’s Vietnam Earthquake and Tsunami Warning Center, a total of four trembles occurred at 0:46 a.m., 0:58 a.m., 1:15 a.m., and 2:04 a.m., with magnitudes of 3.2, 1.8, 2.6, and 2.6, respectively, at a depth of around 8.1 kilometres. Fortunately, these earthquakes did not pose any risk of disaster, the centre noted, adding that it was continuing to observe any related developments. Since the beginning of the year Kon Plong has experienced dozens of quakes with magnitudes ranging from 2.4 to 4.1 on the Richter scale, causing no major danger. Vietnam has recorded three detrimental quakes, all of which occurred in the northern province of Dien Bien in 1935, 1983, and 2001 with the magnitudes of 6.9, … [Read more...] about Four minor quakes subsequently hit Kon Tum in two hours

The economy of HCM City has expanded by 3.82 percent in the first half of 2022. (Photo: VNA) Hanoi (VNA) – Ho Chi Minh City recorded growth of 3.82 percent in gross regional domestic product ( GRDP ) in the first half of 2022, according to its Statistics Office. Product tax collection increased 2.03 percent, trade and services 4.83 percent, agriculture - forestry - fisheries 1.77 percent, and industry - construction 2.23 percent. Notably, trade and services generated nearly 99.66 trillion VND (4.3 billion USD) in revenue in June and almost 556.49 trillion VND in the first six months, respectively rising 41.1 percent and 6.2 percent from a year earlier. Such positive growth indicated that sectors are recovering well, especially trade and services, the Statistics Office said. Meanwhile, the southern economic hub has welcomed nearly 216,000 international arrivals since the beginning of June, doubling the figure in the same period last year. The six-month number also … [Read more...] about HCM City posts economic growth of 3.82 percent in H1

The development of intensely hot weather on a large scale in the North and Central regions since mid-June has been causing the national electricity consumption to climb sharply. According to data from the National Load Dispatch Center, at noon on June 21, the national electricity consumption capacity exceeded 45,000 MW for the first time and set a new record high of 45,528 MW. In addition, the electricity consumption capacity of the North alone also hit a new record with a peak capacity of 22,330 MW at noon on June 21. According to the EVN, compared to the average level of the previous week, the peak capacity of the national power system on June 21 has increased by more than 6,500 MW. In the North alone, peak capacity has risen by more than 5,200 MW, or nearly 31% compared to the average of the previous week. Compared to the peak in 2021, the national electricity consumption capacity on June 21 is roughly 3,100 MW higher, and the Northern peak capacity is also nearly 1,400 MW higher. … [Read more...] about EVN warns of electricity failure due to hot weather