Specifically, the retail prices of E5 RON 92 and RON 95-III were cut by 695 VND and 906 VND to 23,502 VND (0.97 USD) and 24,842 VND per liter, respectively. Meanwhile, the prices of diesel, kerosene and mazut were kept unchanged at 23,594 VND per liter, 23,816 VND per liter, and 17,452 VND per kilogram, respectively. The ministries decided not to use the petrol and oil price stabilization fund. From the beginning of this year, petrol prices have been adjusted up 16 times, down nine times and kept unchanged four times. Source: VNA … [Read more...] about Petrol prices revised down on October 2
Revised canon law
Dutch regulator rejects Apple’s objections to fines
Dutch competition watchdog ACM on Monday said it had rejected objections by Apple against fines of 50 million euros ($53 million) it gave the company over failure to comply with orders to limit the dominant position of Apple's App Store. The ACM said Apple has complied with most of its demands to open its App Store to alternative forms of payment for dating apps in the Netherlands, but had not met an undisclosed third element of the conditions related to the fines. The ACM in 2021 ruled that Apple violated Dutch competition laws in the dating app market and required Apple to allow developers of dating apps to use third-party payment processors. It fined Apple 5 million euros per week, eventually reaching 50 million euros during the period it failed to comply. Apple objected to these fines, saying that the regulator had incorrectly defined relevant markets and had overestimated the dominance of Apple's position in the dating app market. The regulator rejected all of Apple's … [Read more...] about Dutch regulator rejects Apple’s objections to fines
A land of promise for Thai investors
What have been some successful stories involving your members thus far in Vietnam? Tharabodee Serng-Adichaiwit, vice chairman of the Thai Chamber of Commerce in Vietnam Thailand has become the ninth-biggest foreign direct investment of Vietnam with nearly 690 projects and $13 billion so far. While Thai investment properly kicked off in the early 1990s here, Bangkok Bank started investment in Vietnam way back in 1961 with its first branch in the former Saigon. We believe that with the growing potential of Vietnam itself and our continuous promotion to Thai investors, one day Thai investment could enter the top five. This will also to help the two countries to achieve the bilateral trade goal of $25 billion by 2025, and ultimately bring our two countries closer in sub-regional, regional, and multinational cooperation. Most big Thai conglomerates already have a presence in Vietnam, such as C.P., SCG, Bangkok Bank, IVL, Red Bull, and more. Thai investment is also … [Read more...] about A land of promise for Thai investors
Tien Giang working to handle shortcomings in IUU fishing
Over the past time, Tien Giang has kept close control of the fleet of fishing boats. (Photo: VNA) Tien Giang (VNA) – The People’s Committee of the Mekong Delta province of Tien Giang has instructed relevant departments and agencies to deal with shortcomings in the fight against illegal, unreported, and unregulated (IUU) fishing based on recommendations by the Ministry of Agriculture and Rural Development. The locality said it will quickly investigate, verify and handle any case of brokering and facilitating illegal operations in foreign waters by local fishing vessels and fishermen. The move is in anticipation of the fourth inspection by the EC delegation over Vietnam's efforts to combat IUU fishing from October 10-18. Over the past time, Tien Giang has kept close control of the fleet of fishing boats, including the total number of vessels, their registration, operational licences, installation of the Vessel Monitoring System (VMS), and information updates on the … [Read more...] about Tien Giang working to handle shortcomings in IUU fishing
Vietnamese long-haul bus company to face inspection following deadly crash
The Ho Chi Minh City transport authority will inspect the compliance of Thanh Buoi Bus Company with regulations on providing transport services using passenger buses on Thursday this week, just a few days after a fatal crash between a Thanh Buoi sleeper bus and a 16-seater car killed five people and injured four. Aside from Thanh Buoi, two other passenger transport businesses, namely Thien Y and Hoa Hao, will undergo the inspection, the municipal Department of Transport said on Monday. The department earlier formed an inspection team on September 12 to check the three businesses’ compliance with the said regulations, as they were found to have flouted the law multiple times. The inspection, initially slated to take place from October 15 to November 15, was rescheduled to Thursday this week as required by the prime minister following the deadly crash involving a Thanh Buoi sleeper bus. The fatal collision occurred on the National Highway 20 section passing through Dong Nai … [Read more...] about Vietnamese long-haul bus company to face inspection following deadly crash