Petrol prices see steep fall on November 6 The retail prices of petrol fell sharply from 3pm on November 6 following the latest adjustments by the Ministry of Finance and the Ministry of Industry and Trade. Accordingly, the price of E5 RON 92 declined 1,082 VND to trade at a maximum of 19,600 VND per litre, and RON95 dropped 1,138 VND in its price to a maximum of 21,065 VND per litre. Meanwhile, the price of diesel 0.05S went down 67 VND per litre to 18,644 VND. The prices of kerosene and mazut 180CST 3.5S remain unchanged and should not be higher than 17,086 VND and 15,694 VND per litre, respectively. The Ministry of Industry said that RON 92 was sold at an average of 78.7 USD per barrel globally half month ago, down nearly 9 USD from the previous period. Those of RON95 and diesel 0.06S were 80.52 USD per barrel and 92.27 USD per barrel, respectively. The price of Ethanol E100, which is used as the basis to calculate the price of biofuel E5 RON 92 after the elimination of petrol RON … [Read more...] about BUSINESS NEWS IN BRIEF 8/11
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Da Nang Put Four past Huda Hue
Da Nang took second-place in the V-League on Saturday after their easy 4 - 0 victory over Huda Hue at home whilst Thanh Hoa drew against Dong Thap. The visitors, who are tied at the bottom of the table, looked for a draw by lining up a defensive 4-5-1 formation but their weak resistance was tested in the 19th minute when the home side's Brazilian striker Rogerio forced a save from goalkeeper Munze Urlich with his quick shot. The host side took the lead five minutes later when midfielder Nguyen Hong Minh danced past Brazilian center-defender Marcelo Barbieri before beating Urlich with a powerful long-range shot. It was soon 2 - 0 when, in the 26th minute goalkeeper Urlich excellently tipped away Almedia's fierce header from close range but failed to stop Quang Tuan, who tapped home the deflected ball. Huda Hue slipped deeper into trouble one minute before the interval when Almedia cut into the penalty area to fire his teammate Van Meo's left wing cross into the net. The … [Read more...] about Da Nang Put Four past Huda Hue
HAGL thump LG.HN.ACB to move into second
HAGL thump LG.HN.ACB to move into second (04-04-2005) Beaten: Tawan Sripan (right) of Hoang Anh Gia Lai is challenged when scoring the second goal for Gia Lai over the host LG-HN.ACB at Ha Noi Stadium. Gia Lai won 4-0. — VNS Photo Doan Tung HA NOI — V-League defending champions Hoang Anh Gia Lai (HAGL) moved to second place in the table with a 4-0 win against LG.HN.ACB at Ha Noi Stadium last Saturday. Dominating the hosts from the beginning, HAGL opened the scoring in the 18th minute, after a forward run by halfback Tran Hai Lam. Lam broke through on the right wing, then beat two defenders to pass the ball to Duong Minh Ninh, who tapped the ball past LG.HN.ACB's goalie Pham Viet Cuong. The breakthrough was a result of intense pressure after several missed chances, while LG.HN.ACB seemed to lack cohesion. HAGL's attacking play sent LG.HN.ACB reeling, as the host players could not gain a hold on the game. The second goal for HAGL came off a blunder from the host … [Read more...] about HAGL thump LG.HN.ACB to move into second
Huda Hue Outclass Pisico Binh Dinh to Keep Hope Alive
Andrew Opara struck twice to send bottom-rung Huda Hue on their way to a 4-2 victory over Pisico Binh Dinh, their second in a row, at home on Wednesday. The hosts looked comfortable, leading 2 - 0 before the break courtesy of a pair of fine headers from Oyebola and Opara. The visitors from Binh Dinh Province hit back when Quy Lam reduced the deficit midway through the second half. But Opara grabbed his second point with a fierce header and Marcelo Barbieri smashed home a fourth before Washington scored a consolation goal for the visitors. Huda Hue appeared to have found their stride, keeping alive their hope of avoiding relegation thanks to a two-match victory run. The hosts looked on course to extend their winning run as they took the lead after their first attack. Viet Anh burst down the left to whip a precise cross to Oyebola, who outjumped defender Nirut to head home into the far corner of the net. Van Minh saw a skillful looping shot from outside the penalty area pushed … [Read more...] about Huda Hue Outclass Pisico Binh Dinh to Keep Hope Alive
BUSINESS IN BRIEF 14/7
Vietnam’s industrial production index declines The country’s industrial Production Index (IIP) increased 7.5 percent in the first half of this year, much lower than the rate of 9.7 percent during the same period last year, reported the Ministry of Industry and Trade. The index decline was due to continuous output reduction in mining industry in the wake of crude oil price plunge. Crude oil extraction dropped by 6.1 percent in the second quarter. The inventory index of processing and manufacturing industry hiked 9 percent over the same period last year. The highest inventory levels were of motor vehicle manufacturing, electronic products, computers, paper and paper products. Vingroup secures $300 million syndicated loan Vingroup, a major player in Vietnam’s property sector, has secured an additional international syndicated loan of $300 million to finance its real estate project developments and reorganize its debts, following its first international syndicated loan … [Read more...] about BUSINESS IN BRIEF 14/7