Hanoi (VNA) - The prices of RON 92 petrol and E5 bio-fuel were reduced by 258 VND per litr🔯e from 3 pm on December 3, the 21st adjustment so far this year.
With the reduction, the price of RON 92 petrol will not be higher than 16,769 VND (0.74 USD) per litre and that of E5 bio-petrol will not surpass 16,301 VND (0.72 USD) per litre .
The price of diesel also dropped by 283 VND, while that of kerosene and fuel oil (FO) fell by 446 VND and 384 VND, respectively.
The adjustment made the current petrol price lower than the level at the beginning of this year by around 1,000 VND per litre while the diesel price decreased by 5,300 VND.-VNA
The retail price of petrol was reduced by 260 VND to 20,120 VND (93 US cents) per litre starting from 3pm of July 20, in the wake of falling global fuel prices, the Ministry of Industry and Trade (MOIT) said.
Retail petrol prices were raised by 612 VND (0.027 USD) per litre as of September 18 following five price cuts in a row since July 4 with a combined reduction of 3,000 VND (0.133 USD) per litre.
The domestic retail price of petroleum was reduced by 136 VND, bringing it to 18,003 VND (80 US cents) per litre as of 3pm on October 19, the Ministry of Industry and Trade said.
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.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Illustrative image (Photo:VNA)
