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Việt Nam cuts retail fuel prices for fourth consecutive time in November

Việt Nam cuts retail fuel prices for fourth consecutive time in November

The latest adjustment was based on import cost benchmarks for petroleum products and the implementation of the price stabilisation fund in accordance with a decision issued the same day by the Ministry of Industry and Trade.
Explainer: Why Việt Nam is buying US dollars and how the move affects the market

Explainer: Why Việt Nam is buying US dollars and how the move affects the market

According to the Việt Nam Banks Association, the SBV injected a net VNĐ28.13 trillion through open market operations (OMO) in the final week of October.
US dollar hits 18-month low at Vietnamese banks

US dollar hits 18-month low at Vietnamese banks

The State Bank of Vietnam (SBV) set the daily reference exchange rate at VNĐ25,623 buying a US dollar on November 5, down VNĐ4 from the previous session.
Explainer: Why Việt Nam is cutting electricity prices and how the new five-tier tariff affects bills

Explainer: Why Việt Nam is cutting electricity prices and how the new five-tier tariff affects bills

Việt Nam has cut its average retail electricity price by 2 per cent from November 1, 2026, while replacing its six-tier household electricity tariff with a five-tier structure, in a move aimed at easing production costs and simplifying electricity billing.
Average retail electricity price cut by 2 per cent from November 1

Average retail electricity price cut by 2 per cent from November 1

Việt Nam will cut its average retail electricity price by 2 per cent to VNĐ2,159.90 per kWh (excluding value added tax) from November 1, in a move aimed at easing energy costs for households and businesses and supporting economic growth,...
Fuel prices rise from 3pm on Thursday

Fuel prices rise from 3pm on Thursday

Meanwhile, the two ministries are keeping a close watch on market developments to announce appropriate fuel prices in line with Government directions and propose measures to the Government and the Prime Minister to stabilise fuel prices. 
EVN directed to cut electricity prices from next month

EVN directed to cut electricity prices from next month

The reduction is aimed to comply with legal regulations concerning the mechanisms and timelines for adjusting average retail electricity prices, with the goal of supporting citizens and businesses and ensuring social welfare.
Petrol retail prices revised down from 15:00 on October 15

Petrol retail prices revised down from 15:00 on October 15

The ministries also drew VNĐ500 per kilo from the fund for fuel oil, financed by a temporary advance from the State budget.
Free-market USD surpasses bank rate

Free-market USD surpasses bank rate

The rise of the greenback in the unofficial market was driven primarily by seasonal factors. The final three months of the year typically see a surge in demand for foreign currency transactions, leading to larger and more frequent price fluctuations.
Việt Nam cuts retail fuel prices on August 6

Việt Nam cuts retail fuel prices on August 6

The Ministry of Industry and Trade, and the Ministry of Finance set aside VNĐ200 per litre for biofuel into the Petroleum Price Stabilisation Fund, financed through a temporary advance from the state budget. No disbursement was made from the fund.
2026 price cap set for gas-fired power generation at 13 cents/kWh

2026 price cap set for gas-fired power generation at 13 cents/kWh

The ministry has instructed Vietnam Electricity (EVN) and power producers to use the approved price framework when negotiating and signing power purchase agreements (PPAs).
Ministry orders fuel supply inspections amid localised shortages

Ministry orders fuel supply inspections amid localised shortages

This is not a case of running out of fuel, but the volume of fuel being sold is lower than normal, a ministry representative said.
Fuel prices increase in latest adjustment

Fuel prices increase in latest adjustment

E5RON92 petrol rose by VNĐ635 to a maximum of VNĐ19,826 (US$0.76) per litre, while E10RON95-III went up VNĐ547 to VNĐ20,550 per litre.
Fertiliser exports to soon hit record high of 1 billion

Fertiliser exports to soon hit record high of $1 billion

At the growth rate, the fertiliser industry is likely to surpass the $1 billion mark for the first time and set a new record for export value.
Ride-hailing firms raise fees as market shifts focus to profitability

Ride-hailing firms raise fees as market shifts focus to profitability

The ride-hailing market in Việt Nam is entering a new phase of competition as major platforms raise service fees and fares after years of relying on subsidies and promotions to attract users.