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The price of E5 RON92 biofuel recorded an increase of VND722 to a maximum of VND17,031 per litre, whilst RON95 rose by VND814 to no more than VND18,084 per litre. Elsewhere, Diesel 0.05S and kerosene are now on sale for no more than VND13,843 and VND12,610 per litre, marking rises of VND801 and VND702 per litre, respectively. The price of Mazut 180CST 3.5S is now no more than VND13,127 per kg, representing an increase of VND505. This comes after the two ministries decided to make use of the petrol price stabilisation fund, with the use for bio-fuel petrol E5 RON92 and RON95 being VND2,000 and VND1,150 per litre, respectively. The use from the fund for diesel and kerosene was VND850 and VND900 per litre, respectively, while that of mazut was VND800 per kg. Fuel prices are reviewed every 15 days in order to adjust domestic prices in accordance with fluctuations occurring in global markets. …

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In its article, the leading financial newspaper of Japanese media giants Nikkei Inc., said Vietnam is targeting a growth rate of 6.5% this year. The agency stated Vietnam’s exports will likely continue to be supported by US tariffs on Chinese goods and that in order to avoid US tariffs, importers have shifted demand from China to alternative suppliers, with this trend likely to continue. According to the agency, before the pandemic, Southeast Asia achieved collective annual growth of about 5% for many years, making it one of the world's best-performing regions. The region also became an attractive investment destination, with a relatively young population driving demand and providing plenty of labour. These advantages remain in place, but first the region needs to stamp out COVID-19. Nikkei also reported that Southeast Asian economies are aiming to this year regain the growth momentum they had before the COVID-19 pandemic caused historic declines in 2020. A look at early forecasts around the region, however, shows a wide range of scenarios as risk continues to lurk. The agency said that Singapore hopes to achieve its forecast of gross domestic product growth of 4% to 6% for 2021, Indonesia expects GDP to grow by between 4.5% and 5.5% this year, the Philippines projects a growth range of 6.5% to 7.5%, while Thailand has lowered its targets, revising its 2021 forecast down to between 2.5% to 3.5% growth. …

[Read more...] about Vietnam’s economy to be Southeast Asia’s growth leader in 2021: Nikkei

The achievements of Vietnamese women “steering” large corporations have been recognized internationally. Nguyen Thi Bich Van In early 2021, on its Facebook page, IBM Vietnam for the first time announced the appointment of a female Vietnamese CEO to replace a foreign CEO who had been working for IBM for 25 years. The woman, Pham Thu Diep, is the first IBM’s ‘female general’ in the company's 25 years of operation in the Vietnamese market. It is now more common to see women managing large corporations in Vietnam such as Mai Kieu Lien, CEO of Vinamilk; Nguyen Thi Nga, president of BRG; Nguyen Thi Phuong Thao, CEO of Vietjet; and Le Thi Thu Thuy of VinFast are some of the names. However, becoming a CEO of a foreign invested technology firm is still rare in Vietnam. Before taking the office as CEO of a technology firm, Diep was a high ranking manager with 23 years of experience in the IT field. Starting her career at TRG International, she later held posts at Exact, which provides ERP service and cloud software to clients specializing in accountancy. Diep joined IBM in early 2011 and has had many leadership positions since then. In 2017, a Vietnamese woman became the highest ranking leader of Unilever Vietnam, a foreign invested enterprise specializing in personal and family care products and food. The first Vietnamese female president of the leading company in the FMCG sector is Nguyen Thi Bich Van, who has had a strong attachment to the company for the last 24 years. Le Diep Kieu Trang is another well known name among businesswomen. She worked as CEO of Facebook and Go-Viet before choosing a new way to go. The ‘golden girl’ with respectable achievements during school has had leadership positions at the world’s largest groups in Vietnam. The brilliant achievements gained by VietJet Air, the air carrier with the largest market share, in the last decade bear the hallmark of CEO Nguyen Thi Phuong Thao. Last year Vietjet was one of only a …

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