Petrol prices see highest decrease since 2022’s beginning
The price of petrol decreased by more than 3,000 VND (0.13 USD) per litre from 0:00 on July 11 following the latest adjustment of the Ministries of Industry and Trade, and Finance.
Price of petrol decreased by more than 3,000 VND (0.13 USD) per litre from 0:00 on July 11 (Photo: VNA)
Hanoi (VNA) – The price of petrol decreased by more than 3,000 VND (0.13USD) per litre from 0:00 on July 11 following the latest adjustment of theMinistries of Industry and Trade, and Finance.
Accordingly, the retail price of RON95 fell by 3,088 VND toa maximum of 29,675 VND per litre, while that of E5RON92 bio-fuel was down 3,103VND to 27,788 VND per litre.
This is the first significant reduction in petrol prices after a series of hike over the past several months (Photo: VNA)
Meanwhile, the prices of diesel DO 0.05s-II and kerosenedropped by 3,022 VND and 2,008 VND to 26,593 VND and 26,345 VND per litre,respectively.
This is the first significant reduction in petrol prices after a series of hike over the past several months. On July 8, the National Assembly Standing Committee issued Resolution 0/2022/UBTVQH15 on reducing environmental tax on petrol, oil an greases at the proposal of the Government to help curb the rise in domestic fuel prices./.
Retail petrol prices were up by nearly 500 VND per litre from 3pm on June 21 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
The Vietnam Maritime Administration (VMA) has sent a report to the Ministry of Transport (MoT), assessing the possible impact of reduced fees on Vietnamese maritime firms amid mounting fuel prices.
The National Assembly (NA) Standing Committee on July 6 adopted a resolution on environmental protection tax for petrol, diesel and grease, with 100% of ‘yes’ votes.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.