Hanoi (VNA) - Theministries of industry and trade and finance have raised retail petrol pricesfor the first time in 2017.
According to the latest decision by the two ministries, the retailprice of RON 92 petrol increased by 504 VND to trade at a maximum of 18,098 VND(80 US cents) per litre.
The prices of E5 bio-fuel rose by 496 VND to trade at 17,818 VND perlitre; 0.05S diesel was traded at the maximum price of 14,305 VND per litre;and kerosene was traded at maximum 12,758 VND per litre.
The new prices came into effect at 3pm on February 18.
The two ministries also decided to reduce the use of the petrolprice stabilisation fund for RON92 petrol and E5 bio-fuel. Accordingly,subsidies for RON92 petrol and E5 bio-fuel were set at 300 VND each per litre,a decrease of 269 VND per litre and 277 VND per litre, respectively.
According to the ministries, retail petrol prices were increasedbecause the average global petrol prices in the 15 days prior to February 18was about 68 USD for each RON92 barrel and about 66 USD for each 0.05S dieselbarrel, an increase of 1 USD from the last adjustment.
This was also the first time this year that retail petrol priceswere increased after they had remained unchanged after three revisions.
Last year, petrol retail prices were adjusted 24 times, increasing13 times by a total 6,000 VND per litre, decreasing nine times by a total of 4,463VND per litre and remaining unchanged twice. The price of petrol this year is 1,000VND higher than the beginning of last year.-VNA
The prices of RON 92 petrol and bio-fuel E5 remained unchanged while diesel price 0.05S increased slightly in the first regular adjustment of petrol prices in 2017 as from 4:00 pm on January 4.
The prices of RON 92 petrol and bio-fuel E5 remained unchanged while diesel price 0.05S and kerosene increased slightly in the latest regular adjustment of petrol prices on January 19.
The prices of RON 92 petrol and bio-fuel E5 remained unchanged while those of diesel oil 0.05S and kerosene decreased slightly in the latest regular adjustment of oil and petrol prices on February 3.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Source: VNA) 
