In Briefs (02-06-2009) Local gas prices rise after months of decreases HA NOI — Gas prices were increased by VND5,000 (US$0.3) on Sunday to reach VND188,000 ($10.6) per 12kg canister. The increase came after three consecutive months of price decreases. The local price hike was attributed to rising prices in the global market which surged by $35 to $425 per tonne due to increasing prices of crude oil. Work on trade centre, apartment complex starts HA NOI — The Housing and Urban Area Investment Development Corp has announced work will begin on its trade centre and apartment complex in Ha Dong's Van Quan new urban area this month. The company's NewSkyline complex will cover a total area of 7,500sq.m. Plans have also been made to begin construction of a housing office complex in Ha Noi this year. Central province grants licences to 27 projects NGHE AN — Nghe An People's Committee granted licences to five new projects in May worth VND550 billion (US$31 million). This … [Read more...] about Local gas prices rise after months of decreases
Gas prices rise
Cooking gas prices rise again
Cooking gas prices rise again By Minh Tam - The Saigon Times Daily HCMC – Retail cooking gas prices in Vietnam from Monday increased by VND8,000 to VND365,000-370,000 per 12-kilo cylinder after falling for two months in a row. Local consumers complain that local gas prices do not follow the world market, rising sharply after modest decreases earlier. In May, local enterprises increased gas prices by VND30,000 to a record high of VND380,000 per 12-kilo cylinder after global prices surged US$87.5 to US$970 per ton. After global gas prices plunged US$80 and US$55 per ton in June and July respectively, domestic prices went down just VND15,000 and VND10,000 a cylinder. This is unreasonable as consumers only see mild decreases of gas prices even though global prices fell sharply. The prices continued to jump VND8,000 this month after global gas prices rose US$25, said Hong Phuong, a consumer in HCMC’s Tan Phu District. Consumers are also querying why the Ministry of Finance has … [Read more...] about Cooking gas prices rise again
Induction stoves popular in City as gas prices rise
With cooking-gas prices rising relentlessly, induction and infrared stoves are seeing boom in demand, Ho Chi Minh City electronic retailers said. Nguyen Thi Ngoc Thuy, director of the household appliances section at dienmay.com, said "since the middle of last year, demand for these stoves has increased." In November sales was month-on-month up by 5-7 percent, she said. A marketing staff from Thien Hoa Electronic Centre in the southern hub also told Viet Nam News that his chain sold an increasing number of induction and infrared stoves. An article on a Ministry of Transport website quoted the head of marketing of online seller www.chodientu.vn as saying that electric stoves now accounted for 30 percent of all sales. There are many kinds of induction and infrared stoves, both imported and made in Vietnam. Thuy of dienmay.com said her company sells many brands like Kangaroo, Media, and Electrolux. "Price ranges from 490,000 VND (23 USD) to 2 million VND (95 USD). High-end … [Read more...] about Induction stoves popular in City as gas prices rise
Induction stoves popular as gas prices rise
HCM CITY (Biz Hub)— With cooking-gas prices rising relentlessly, induction and infrared stoves are seeing boom in demand, HCM City electronic retailers said. Nguyen Thi Ngoc Thuy, director of the household appliances section at dienmay.com, said "since the middle of last year, demand for these stoves has increased." In November sales was month-on-month up by 5-7 per cent, she told Viet Nam News. A marketing staff from Thien Hoa Electronic Centre in HCM City also told Viet Nam News that his chain sold an increasing number of induction and infrared stoves. An article on a Ministry of Transport website quoted the head of marketing of online seller www.chodientu.vn as saying that electric stoves now accounted for 30 per cent of all sales. There are many kinds of induction and infrared stoves, both imported and made in Viet Nam. Thuy of dienmay.com said her company sells many brands like Kangaroo, Media, and Electrolux. "Price ranges from VND490,000 (US423) to VND2 million … [Read more...] about Induction stoves popular as gas prices rise
Global hike fuels gas price rise
HA NOI (Biz Hub)— Gas prices increased by VND13,000 (US$0.62) per 12-kg canister yesterday, according to wholesalers. This means current retail gas prices range from VND375,000-380,000 ($17.9-18.1) per 12-kg canister. The domestic gas price hike occurred because of higher world gas prices and high transportation fees. This is the third consecutive gas price hike since May. Earlier in the year, there were four consecutive price cuts. The current price remains VND54,000 ($2.57) per canister lower than at the end of 2012. — VNS … [Read more...] about Global hike fuels gas price rise