November 20, 2009
The ministries of Finance and of Industry and Trade gave the approval for petrol and oil dealers to increase retail prices by VND500-1,000 per litre. The new rate increases by VND500 per litre to VND12,700 for fuel oil, VND800 per litre to VND16,300 for A92 petrol, and VND1,000 per litre to VND15,200 for diesel oil [...]
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November 19, 2009
VietNamNet Bridge – The government’s announcement on the second stimulus package is helping sales of high grade apartments. Hanoi’s real estate market is now quite different from two months ago. Previously, people rushed to purchase land in suburban areas of the city and refused to purchase apartments. Meanwhile, they are now scrambling for apartments. The developer [...]
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August 14, 2009
VietNamNet Bridge – The continued steel price increases recently have dealt a blow to builders. Meanwhile, steel producers are threatening to raise sale prices further. In mid July, the Vietnam Steel Corporation (VSC), Pomina, Vina Kyoei raised sale prices by another 300,000-400,000 per tonne. Prior to that, VSC raised sale prices by 30,000 dong per [...]
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July 11, 2009
ACB says H1 pretax profit jumps 20 percent; Vietinbank H1 pretax profit reaches VND2.1 trillion; Appropriated rice fields to get more compensation; Rice prices increase Dutch authorities confirmed that Vietnamese tra fish reached hygiene and food safety standards on July 8. Demands of Tra fish go up in markets like Russia, Eastern Europe and the Middle [...]
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July 1, 2009
Petrol prices were raised by another 700 dong per litre at 0 am, July 1, 2009 after petrol distributors got approval from the Ministries of Finance and Industry and Trade. As such, the new price level for A92 petrol, the most commonly-used petrol in the market, is 14,200 dong per litre (the previous price was [...]
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June 26, 2009
Commenting about the heating up of the real estate market, Dr Nguyen Duc Kien, a member of the National Assembly’s Economics Committee, said he can see something abnormal. Dr Nguyen Duc Kien, a member of the National Assembly’s Economics CommitteeLand prices have been skyrocketing in recent days, having generated a new price ground which is [...]
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