January 10, 2010
Glass products being produced at the Viglacera Float Glass Co in Binh Duong Province.LookAtVietnam – Domestic glass and steel producers have warned that the increase in the price of mazut oil will raise production costs, forcing them to put prices up. The Viet Nam National Petroleum Corporation (Petrolimex) decided to raise the price of mazut [...]
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December 2, 2009
LookAtVietnam – The Ministry of Finance has released a report with a forecast for the world’s economy in 2010 and possible problems Vietnam may face. Prices up, interest rates up The report said that in 2010, the world’s economy will continue upward. The International Monetary Fund (IMF) has predicted a 3.1 percent growth rate of the [...]
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December 2, 2009
The weekly average crude oil price of OPEC dropped again last week, falling by 0.8 U.S. dollars per barrel to 75.98 dollars, the Vienna-based organization said Monday. In the only two trading days last week due to holidays, the Organization of Petroleum Exporting Countries (OPEC) oil price first saw an increase and then a decline. [...]
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August 31, 2009
LookAtVietnam – The following are extracts from the speech delivered by Governor of the State Bank of Vietnam Nguyen Van Giau on the role of the monetary policy in the post-recession period. Governor of the State Bank of Vietnam Nguyen Van GiauAs the global economy has fallen into recession, a lot of countries in the [...]
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August 27, 2009
LookAtVietnam – Seven petrol importers and distributors are seeking permission from compentent ministries to raise the retail price of petrol by 1,000 dong per litre. The importers say that as the crude oil price in the world keeps rising sharply, if they do not raise the sale price, they will continue incurring the loss of [...]
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June 30, 2009
China raised gasoline and diesel prices by 600 yuan (about 87.8 U.S. dollars) per tonne, starting zero o’clock Tuesday. The increase raised the price for gasoline by about 0.45 yuan per liter, or 8.6 percent, and the price of diesel by about 0.51 yuan per liter, or 9.6 percent, said the National Development and Reform [...]
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June 30, 2009
One year ago, when the world’s oil price peaked at $147 per barrel, the domestic petrol price was 19,000 dong per litre. Now the figures are $70 and 13,500 dong per litre, respectively. Since the beginning of April, the domestic petrol price has increased four times by 2,500 dong per litre in total, or 22 [...]
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June 29, 2009
The Ministries of Finance and Industry and Trade have forecast that the prices of dairy products, petroleum, rice and animal feed will increase towards the year’s end, but affirm that they will be controllable. An official from the Price Control Agency under the Ministry of Finance said that the agency believes dairy products will increase [...]
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May 29, 2009
Vietnam will probably produce an average of about 400,000 barrels of oil a day until at least 2030, the US government said, suggesting Vietnam will halt a four-year decline in output. The projections accompanied the 2009 International Energy Outlook that the US Energy Information Administration released in Washington Wednesday.A report on Vietnam last month by [...]
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May 13, 2009
The Central Institute of Economic Management (CIEM) this morning released its annual economic report, giving three scenarios for the performance of Vietnam’s economy in 2009. CIEM says that because of the global financial crisis and the domestic economic downturns, the main economic indices and GDP growth rates in 2009 in all the three scenarios are [...]
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