January 16, 2011
Fuel companies have been ordered to keep prices stable The Vietnamese Finance Ministry has allowed fuel traders to draw more money from the national price stabilization fund and instructed them to keep prices stable. Since mid-November, fuel companies have taken VND1,200 from the fund for every liter of gasoline and kerosene sold; and VND1,000 for every [...]
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December 5, 2009
A shop owner calculates money at a market in Ho Chi Minh Cityâs District 1. The fall of the dong has consumers beginning to feel the pinch as importers and producers raise prices, passing on dollar hike costs to end-users. A survey by Thanh Nien found that since the one-off devaluation of the dong last [...]
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September 23, 2009
LookAtVietnam – Vietnam should develop a market-based fuel pricing system and stop focusing on revenues for the state budget, said local fuel traders seeking for more freedom in doing business.Bui Ngoc Bao, general director of state-owned Petrolimex, which holds up to 60 percent of the market share, said although the government has stopped subsidizing fuel [...]
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September 22, 2009
Vietnam should develop a market-based fuel pricing system and stop focusing on revenues for the state budget, said local fuel traders seeking for more freedom in doing business. Bui Ngoc Bao, general director of state-owned Petrolimex, which holds up to 60 percent of the market share, said although the government has stopped subsidizing fuel prices [...]
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July 7, 2009
Workers package sausages at a factory of Ho Chi Minh City-based Vissan company. Retailers and producers say they have to keep prices stable after a fuel price hike last week because they donât want to risk losing customers. Bui Hanh Thu, deputy director of Saigon Co.op, which owns the Co.opMart supermarket chain, said despite higher [...]
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