Hikes near hanoi

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

People shop at a supermarket in An Phu ward, Thu Duc municipal city of HCM City (Photo: VNA) Hanoi (VNS/VNA) - Supply of goods and services for the domestic market during the first half of the year has been ample with a slight uptick observed for a number of commodities, said the Ministry of Industry and Trade (MoIT) during a conference in Hanoi on June 28. Disruptions caused by the pandemic have been mostly resolved, especially in regard to essential goods including foodstuff, livestock feed and fertiliser even during high-demand seasons. Demand for goods and services has been steadily on the rise, particularly in the travel and hospitality market. Meanwhile, fuel prices have seen sharp spikes due to geopolitical events around the world and will likely stay volatile for the foreseeable future. Domestic retail of goods and services in June reached 472 trillion VND (20.3 billion), a 1.4% increase month-on-month, bringing the total figure for the first six … [Read more...] about Supply stays ample, fuel prices likely rise in 2nd half of 2022

Although the summer holiday has just started, travel firms and agents have already completed 60-70 percent of their business plan while air carriers have also increased their flights to meet high travel demand. However, travel firms and agents are facing new difficulties: increasing tour prices because of rising fuel prices and a shortage of human resources. Millions of tourists ready for their trips Tran Quoc Bao, deputy director of Saigontourist Travel Company, said the company has expected to serve more than 280,000 tourists this summer. The number of tourists will be higher as tourist demand at home and abroad is surging. Three-to-eight-day domestic tours offered by Saigontourist are available nationwide. The most popular ones are tours of beaches, tours of northeastern and northwestern regions, 'green' tours, and community tours. “As summer is the peak season, we have prepared financial and human resources to diversify and better our services to meet market … [Read more...] about Vietnam’s travel firms see explosion of summer tours