Containers are loaded at the Tan Cang- Cat Lai Terminal in HCM City (Photo: VNA)
HCM City (VNS/VNA) - The sharp rise in gasoline prices is pushing up transportcosts and thus fares, bus operators said.
Eleventransport businesses operating at the Mien Dong (Eastern) bus station haveannounced a fare hike of 20 percent starting at the end of this month, said NguyenLam Hai, head of the station’s planning department.
Operatorshave suffered losses as a result of a sharp drop in the number of commutersand the relentless rise in fuel prices, he said.
Thenumber of passengers has dropped by half this year from pre-pandemic levels, hesaid.
Operatorsat the Mien Tay (Western) coach station are also likely to hike fares.
LeThi Doan Trinh, human resources director at GHN Express, a provider ofnation-wide express delivery services, said the increase in gasoline prices hasadded around 2 billion VND (87,700 USD) to the operation costs.
Itis bearing the rising costs to maintain a competitive pricing, Trinh said.
SaiGon New Port Corporation has announced that it would increase container freightrates by 10-30 percent from April 1.
Therising fuel prices are pushing up the costs of freight, loading andunloading, forcing it to raise the rates, it said in a statement released onSunday.
Containertruck rates will rise by 10 percent between Dong Nai Port and Cat Lai Port, and30 percent between inland container depots to the Tan Cang- Cat Lai Terminal.
Aspokesperson for the HCM City Cargo Transport Association said its memberswould increase freight rates in the next few days.
Financialsupport
TheMinistry of Transport expects to provide various kinds of support to helptransport businesses, which have been hit hard by the soaring petroleum prices,survive.
Italso wants the Government to direct related agencies to provide credit atconducive interest rates and tenors to airlines.
Itsaid rollover of loan repayments and interest rate reductions are neededfor inland waterways transport operators.
Itwants Government agencies and local authorities to reduce a number of fees andcharges.
Inlandwater and marine transport businesses long for want the environment tax onpetroleum to be cut from March until global crude oil prices fall under 80USD a barrel.
Theyalso want the special consumption tax reduced to 5-6 percent from the current10 percent until the end of the second quarter./.
The Ministry of Industry and Trade (MoIT) has instructed relevant agencies to ensure the supply of petrol, MoIT Deputy Minister Do Thang Hai said at the Government’s regular press conference for February on March 3.
Retail petrol prices continued to rise by nearly 3,000 VND (0.13 USD) per litre from 3pm on March 11 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
The Government has passed a draft resolution on the environmental protection tax rates on gasoline, oil and lubricants, which will be submitted to the the National Assembly Standing Committee for approval on March 14.
In the face of soaring fuel prices, Minister of Industry and Trade Nguyen Hong Dien proposed several measures for stabilising the market in the long run while fielding queries from full-time legislators on March 16.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
Containers are loaded at the Tan Cang- Cat Lai Terminal in HCM City (Photo: VNA) 
