December 30, 2011
A motorbike taxi driver sits waiting for clients on a street in downtown Ho Chi Minh City. The latest adjustment of fuel prices has been disappointing for consumers. The Ministry of Finance recently asked local businesses to cut retail fuel prices by VND500, or 2.4 cents, per liter. Some experts said the unremarkable reduction would [...]
Tags: Consumers, Fuel prices, Liter, ministry, Of Fuel Prices, Per Liter, price, Price Hikes, prices, The Companies, The Decrease, The ministry, Vnd3 000
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December 22, 2011
A Petrolimex gas station in Hanoi The Finance Ministry has found that major Vietnamese importers of oil products made smaller losses than they previously reported. Petrolimex, the largest fuel trader with a market share of around 60 percent, had reported losses of VND1.8 trillion (US$85.7 million) in the first six months. However, the actual loss [...]
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October 14, 2011
A motorbike taxi driver sits waiting for clients on a street in downtown Ho Chi Minh City. The latest adjustment of fuel prices has been disappointing for consumers. The Ministry of Finance recently asked local businesses to cut retail fuel prices by VND500, or 2.4 cents, per liter. Some experts said the unremarkable reduction would [...]
Tags: Consumers, Fuel prices, Liter, ministry, Of Fuel Prices, Per Liter, price, Price Hikes, prices, The Companies, The Decrease, The ministry, Vnd3 000
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October 11, 2011
Vietnam cut diesel and kerosene prices by as much as 1.9 percent as it strives to tame Asia’s fastest inflation. Diesel prices were reduced to VND20,400 (98 cents) from 20,800 dong per liter, and kerosene prices were cut to 20,200 dong from 20,500 per liter, the Ministry of Finance said in a statement on [...]
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July 17, 2011
Expectations that lower global prices would benefit consumers have been belied A worker pumps petrol to a motorcycle at a gas station in Hanoi. Vietnam raised retail fuel prices in late March and has left them unchanged since. When the government decided in March that local petroleum prices will be adjusted in line with [...]
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April 3, 2011
Investors follow market movements at a securities firm in Ho Chi Minh City Depressed investor sentiment, hit by tightened credit and negative macroeconomic news, has sent the stock market plunging toward the bottom, experts say. “The stock market is now in the bottom region though it hasn’t quite hit the bottom yet,” Pham Linh, general [...]
Tags: Chi minh, Chi minh city, credit, Credit Growth, economic, Economic growth, economy, growth, High Inflation, Ho Chi, Ho Chi Minh, Ho Chi Minh City, inflation, Investor Sentiment, investors, Ldquo, Liter, March, market, Minh city, Per Liter, percent, petroleum, Petroleum products, Pham Linh, prices, Rdquo, Said ldquo, securities, Slow Economic, Slow Economic Growth, stock, Stock Market, The economy, The government, The Ho, The market, The ministry, The stock, The Stock Market
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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 [...]
Tags: Every Liter, Finance Ministry, For Every Liter, Fuel Companies, Keep Prices, Keep Prices Stable, Liter, ministry, Per Liter, price, Price Stabilization, Price Stabilization Fund, prices, Prices Stable, products, Stabilization, Stabilization Fund, stable, The fund, To Keep Prices, To Keep Prices Stable
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November 25, 2010
Vietnam has ordered fuel traders to keep their prices stable The Vietnamese Finance Ministry has said some petrol importers have asked for import tax cuts as they find it difficult to keep prices stable as ordered by the government. They said import taxes for gasoline at 17 percent and for diesel and kerosene at 10 percent are high [...]
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November 21, 2009
A new environment tax on fuel products is necessary but it will drive up transport costs and hence consumer prices, experts say, suggesting the rate be low. Fuel is one of eight products that will be taxed under the Environmental Tax Law, according to a finance ministry’s proposal.Thai Van Chung, general secretary of the Ho [...]
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November 21, 2009
Fuel is one of eight products that will be taxed under the Environmental Tax Law, according to a finance ministry’s proposal A new environment tax on fuel products is necessary but it will drive up transport costs and hence consumer prices, experts say, suggesting the rate be low. Thai Van Chung, general secretary of the [...]
Tags: Be Taxed Under, Be Taxed Under The, Chung, Consumer Prices, costs, effect, Eight Products, Eight Products That, Eight Products That Will, Environment, Environment Tax, environmental, Environmental Tax, Environmental Tax Law, experts, Fuel Products, Liter, ministry, Of Eight Products, Of Eight Products That, On Fuel Products, Other Products, Per Liter, percent, price, Price Hike, prices, products, Products That Will, Tax Law, Tax rate, taxed, Taxed Under The, Taxed Under The Environmental, The Environment, The Environmental, The Environmental Tax, The Environmental Tax Law, The ministry, The tax, Their Vehicles, Transport Costs, transport:, Under The Environmental, Under The Environmental Tax
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