Economy

Hanoi (VNA) - Prices of bio-fuel E5RON92, RON95-III, diesel 0.05S, and FO 180CST 3.5S were left unchanged in the latest regular adjustment of prices on July 13. The Ministries of Industry and Trade and Finance announced that prices of E5 will be no higher than 14,258 VND (0.62 USD) per litre and those of RON95 petrol no higher than 14,937 VND. Prices of diesel 0.05S, kerosene, and FO 180CST 3.5S should not be higher than 12,114 VND, 10,038 VND, and 10,903 VND per litre, respectively. The two ministries conduct a review of fuel prices every 15 days and adjust prices in line with fluctuations on the world market. The world price of RON 95 petrol averaged 46.679 USD per barrel over the last 15 days, down 0.161 USD since the previous review. The average price of diesel was 49.237 USD per barrel, up 1.622 USD.   The cost of kerosene and FO 180CST 3.5S now stand at 42.670 USD per barrel and 244.481 USD per tonne, up 0.585 USD and 10.88 USD, respectively. Vietnam’s economy is … [Read more...] about Prices of oil, petrol unchanged in latest adjustment

Long Sơn PIC will sell 65 million shares to Gelex Energy, a member of the Vietnam Electrical Equipment JSC (Gelex), and 17.5 million shares to Viglacera Yên Mỹ-Hưng Yên Industrial Zone Development JSC. … [Read more...] about Long Sơn PIC to raise capital for new industrial park project

State Premier Daniel Andrews said it was unsustainable to keep looser restrictions in place. “It is simply impossible with case rates at this level to have enough contact tracing staff and enough physical resources in order to continue to suppress and contain this virus without taking significant steps,” he said. “If we were to fail to take those steps, then it won’t be a couple of hundred cases per day, it will be many more than that and will spiral well and truly out of control.” … [Read more...] about World walks tightrope in fear of second spike

There are many ‘surfing investors’, i.e. investors who just register investment projects and fulfill administrative procedures to resell to real investors for profits. Nguoi Lao Dong newspaper quoted a private investor as saying that he has withdrawn capital from a wind power project in the south after realizing that the project will not become operational prior to the year-end. … [Read more...] about Renewable energy market picks up as many projects put on sale

Under the Prime Minister’s instructions, Vietnamese authorities and representative offices abroad will continue conducting more flights to bring Vietnamese citizens home in the coming time, based on the pandemic developments at home and abroad, the citizens’ aspirations, and quarantine capacity in localities. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia July 14