Price of 24 karat gold

Specifically, the retail price of E5RON92 bio-fuel was reduced to VND30,891 (US$1.3) per liter, a reduction of VND411 (US$0.018) per liter, meanwhile RON95-III gasoline price lessened to VND32,763 (US$1.4) per liter, a decrease of VND110 (US$0.0047) a liter. The price of diesel 0.05S was reduced to VND29,615 (US$1.27) per liter, a reduction of VND404 (US$0.017) per liter; kerosene lessened to VND28,353 (US$1.22) per liter, a reduction of VND432 (US$0.019) per liter, mazut oil 180CST 3.5S decreased to VND19,722 (US$0.85) per kilogram, a deduction of VND1,013 (US$0.043) per kilogram. According to the experts, the reduction session was not adequate with the seven consecutive sessions of increasing the fuel prices. As the prices of petroleum products tended to decrease, the inter-ministerial department has decided to stop spending the Price Stabilization Fund for diesel and kerosene, and start setting up Stabilization Fund for some fuel types that have not consumed much. By Van … [Read more...] about Fuel prices slightly decline after seven times in row of increase adjustment

The price of popular gasoline RON 95 decreased by VND110 to VND32,760 per liter, while that of biofuel E5 RON 92 fell VND410 to VND 30,890 ($1 = VND23,280). The prices of other fuels, including kerosene, diesel and mazut were also lowered by 1.5-5.1 percent. Prices of finished petroleum products on the global market fell by 0.8-6.6 percent since the last adjustment on June 21. To cope with the skyrocketing prices, the Ministry of Finance has proposed cuts in environmental, excise and value-added taxes on gasoline. If approved by the Standing Committee of the National Assembly, the environmental tax cut of VND500-1,000 is expected to take effect early August. Lowering excise and value-added taxes will have to wait for a greenlight from the National Assembly. Its upcoming session is scheduled for October. … [Read more...] about Gasoline prices fall for first time in ten weeks

Retail price of RON95 drops by 110 VND to a maximum of 32,763 VND (1.41 USD) per litre, while that of E5RON92 bio-fuel is down 411 VND to 30,891 VND per litre (Photo: VNA) Hanoi (VNA) – Petrol prices were adjusted down from 3pm on July 1 by the Ministries of Industry and Trade, and Finance, after seven consecutive increases. The retail price of RON95 dropped by 110 VND to a maximum of 32,763 VND (1.41 USD) per litre, while that of E5RON92 bio-fuel was down 411 VND to 30,891 VND per litre. Meanwhile, the prices of diesel 0.05S and kerosene decrease d by 404 VND and 432 VND to 29,615 VND and 28,353 VND per litre, respectively. The two ministries also decided to use the petrol price stabilisation fund at a rate of 100-800 VND per litre./. VNA … [Read more...] about Petrol prices down after seven consecutive increases

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency on June 30. - Local media of Hungary have highlighted the visit by National Assembly Chairman Vuong Dinh Hue, which was made from June 26-28 at the invitation of Speaker of the Hungarian NA László Kövér. Read full story - Vietnamese representatives reaffirmed their country’s commitments to develop blue and sustainable oceans when attending the United Nations Ocean Conference (UNOC) held in Lisbon from June 27 to July 1. United Nations Ocean Conference (Photo: VNA) Addressing the UN Conference to Support the Implementation of Sustainable Development Goal 14 (SDG14): Conserve, sustainably use the oceans, seas and marine resources for sustainable development, Deputy Foreign Minister Pham Quang Hieu emphasised the need to fully and effectively implement the UN Convention on the Law of the Sea (UNCLOS) - a comprehensive legal framework for all activities at sea and a … [Read more...] about ☕ Afternoon briefing on July 1

The bright spot in the latest PMI survey was employment, which increased at the fastest pace in three and a half years. The Vietnam's Manufacturing Purchasing Managers' Index (PMI) posted 54.0 in June, down slightly from 54.7 in May but still signaling a solid monthly improvement in the health of the sector. Electronics production at Katolec Vietnam, Quang Minh Industrial Park, Hanoi. Photo: Pham Hung A reading below the 50 neutral marks indicates no change from the previous month or even contractions, and above 50 points means an expansion, according to S&P Global. “The Vietnamese manufacturing sector ends the first half of 2022 in good health, with firms feeling that they've seen the back of the pandemic cane to generate new business at a solid rate,” said Andrew Harker, economics director at S&P Global. "The main positive from the latest PMI survey was around employment, which increased at the fastest pace in three-and-a-half years. This shows … [Read more...] about Vietnamese manufacturing continues solid improvements

The figure was up 15.9 percent year-on-year and up 9.4 percent from last month, according to a report from the Civil Aviation Authority of Vietnam. The delay fights accounted for 18.2 percent of total flights operated by the country's six carriers last month, it said. Low-cost carrier Vietjet Air has the industry's highest rate of flight delays at 24 percent, followed by Vietnam Airlines (20.1 percent). CAAV said late-arriving aircraft was the main cause of delays in addition to other excuses like poor management and bad weather. The Ministry of Transport said the increase in flight delays has triggered public outcry among passengers and damaged the industry's reputation. It ordered airlines to ensure flights are punctual, especially during the peak summer travel season. In the first half of this year, the number of passengers going through Vietnam's airports reached 43.35 million, a pickup of 65.5 percent from a year ago and equivalent to 76 percent of pre-pandemic levels, … [Read more...] about Thousands of Vietnamese flights delayed in June

"Two Vietnamese males have been arrested by police of Mallorca Island over sexual assault allegations. One was born in 1980, the other in 1984," said a spokesman of the Mallorca police department. The spokesman however refused to provide their identities and occupations. The men’s identity and occupations were not revealed, but local reports said they were an actor and a musician. Further legal proceedings would be decided by the Mallorca court, the spokesman said, adding that they "might have been allowed to be out on bail". Spanish media reports had earlier cited an announcement by the Directorate-General for Civil Protection and Emergencies tht two Vietnamese citizens have been arrested June 25 on Mallorca Island, part of Spain’s Baleares Islands, for allegedly raping a 17-year-old girl from the U.K. The two Vietnamese citizens were "actor, musician", aged 37 and 42, reports said. They were produced before the court on June 28 and released on bail, but had their passports … [Read more...] about Spain arrests two Vietnamese over alleged sexual assault on British teenager

Illustration. (Photo: VNA) Hanoi (VNA) – Vietnam’s economic growth accelerated faster than expected in the second quarter of this year, as a recovery in exports and manufacturing helped offset risks from coronavirus outbreaks and rising oil prices, Bloomberg reported. The US-based news agency cited data from the General Statistics Office of Vietnam (GSO) saying the Vietnamese economy expanded 7.72% year-on-year in the April-June period, compared to 5.05% of the previous quarter. That was quicker than the median estimate for a 5.9% gain in a Bloomberg survey, and the highest level since at least the first quarter of 2013, it said. The performance helped lift growth in the first-half to 6.42% from a year ago, beating the GSO’s forecast for a 5.5% pace. The government targets full-year growth at 6%-6.5%. The gains in momentum coincide with Vietnam emerging as one of the alternative destinations for foreign investment amid trade disruptions from China’s lockdowns, … [Read more...] about Vietnam’s economic growth accelerates on back of exports, manufacturing: Bloomberg

Tropical storm Chaba, the first storm to affect Vietnam this year, is gathering strength, with wind speeds near its centre reaching 89-102 kilometres per hour. According to the national weather service, the system was located at 400 kilometres east-southeast of China’s Hainan Island at 7am on July 1. Chaba is forecast to travel in a northwest direction for the next 24 hours at a speed of 15 kilometres per hour and is likely to strengthen further, packing winds of 103-117 kilometres per hour. At 7am on July 2, the tropical storm will be located about 370 kilometres east-southeast of Quang Ninh Province, before continuing northwest and to make landfall in the southeast of China’s Guangxi Province the following day. Strong winds and high waves are expected in the northern waters of the East Sea/South China Sea, including the Hoang Sa (Paracel) Islands, while coastal provinces from Quang Ninh to Ninh Binh face the risk of storm surges inundating low-lying areas. Chaba is … [Read more...] about Tropical storm Chaba picks up strength as it moves northwest

Illustrative image (Source: VNA) Hanoi (VNA) - Though Vietnam is said to have certain advantages, to maintain sustained success, the country should be a diligent student of not only the upsides, but also the lessons learnt of other countries, said Moritz Kraemer, former Global Chief Ratings Officer of Sovereign Ratings Group at S&P Global and currently the Chief Economist, Head of Research of Landesbank Baden Wuerttemberg (LBBW). Speaking to Vietnam News Agency, the expert held that the world is in turmoil, and the old model of globalisation is severely tested as erstwhile reliable supply chains are ruptured and seem to refuse to heal. Moreover, inflation appears to be getting out of hand in much of the advanced economies as commodity prices soar and labor becomes increasingly scarce. Moritz Kraemer, former Global Chief Ratings Officer of Sovereign Ratings Group at S&P Global (Photo: VNA) He predicted that international companies will progressively search … [Read more...] about Vietnam remains a place of seemingly limitless promise: experts