Hanoi (VNA) – Retail petrol prices in Vietnam are forecastto be revised down in the adjustment on May 4 following falling prices in the world market.
The petrol prices are expected to drop by 1,000-1,200VND (0.04-0.05 USD) per litre, and oil prices are likely to fall by 810-1,100 VND per litre.
🅷 In the world market, oil prices on May 4 continued a downwardtrend from the previous sessions as investors are concerned about interest ratehikes by the US Federal Reserve (Fed) and the European Central Bank (ECB) as well as a weakening global economythat could dent energy demand.
Since the beginning of this year, petrol prices haveundergone 11 adjustments, with six times up, four times down, and onceunchanged. In the latest price adjustment on April 21 by the Ministry ofFinance and the Ministry of Industry and Trade, the price of RON 95-III was revised down by 610 VND to 23,630 VND per litre; while those of E5 RON 92 petrol anddiesel oil were cut by 490 VND to 22,680 VND per litre and by 750 VND to 19,390 VND per litre./.
Petrol prices increased more than 1,000 VND per litre from 3pm on April 11 following the latest adjustment of the Ministry of Industry and Trade and the Ministry of Finance.
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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.
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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.
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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.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
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Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Illustrative image. (Photo: VNA) 
