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adjustment

Kerosene temporarily excluded from fuel base pricing

Kerosene temporarily excluded from fuel base pricing

The Ministry of Industry and Trade has temporarily suspended the use of kerosene in the calculation of fuel base price until April 28, according to the ministry’s Decision 571 dated March 28.
Retail fuel prices increased sharply, RON95 up more than VNĐ5,000 per litre

Retail fuel prices increased sharply, RON95 up more than VNĐ5,000 per litre

Việt Nam increased retail fuel prices from 11pm on Wednesday with increases by VNĐ3,520 to VNĐ9,000 per litre while the fuel price stabilization fund continues to be tapped at VNĐ3,000-4,000 per litre.
Most fuel prices slightly increase after sharp drop

Most fuel prices slightly increase after sharp drop

Domestic retail fuel prices mostly increased slightly from 10pm on March 12 in the latest adjustment by the ministries of Industry and Trade, and Finance, after a sharp a day earlier.
Fuel prices rose again, price stabilisation fund tapped to cushion the increase

Fuel prices rose again, price stabilisation fund tapped to cushion the increase

According to an announcement by the Ministry of Industry and Trade effective from 11.45pm Tuesday, the price of RON95-III gasoline rose by VNĐ2,080 per litre to VNĐ29,120.
Draft decree proposes allowing petrol traders to set prices

Draft decree proposes allowing petrol traders to set prices

The petroleum market is set for a major overhaul this year as the power to decide the retail prices is proposed to be handed to businesses, replacing the current state management system in a move toward a more market-based mechanism.
Petrol prices fall, diesel rise in January 22 adjustment

Petrol prices fall, diesel rise in January 22 adjustment

E5 RON92 biofuel is capped at VNĐ18,283 (US$0.7) per litre, a decrease of VNĐ93, while RON95-III petrol will be sold at no more than VNĐ18,631 per litre, down VNĐ81.
Petrol prices rise, diesel continues to fall in Thursday adjustment

Petrol prices rise, diesel continues to fall in Thursday adjustment

Việt Nam’s petrol and oil prices moved in opposite directions on Thursday afternoon following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
Retail petrol prices fall in September 25 adjustment session

Retail petrol prices fall in September 25 adjustment session

The maximum retail price of E5RON92 bio-fuel now is VNĐ19,618 (US$0.74) per litre, down VNĐ368 from the current base price
Petrol prices continue upward trend in latest adjustment

Petrol prices continue upward trend in latest adjustment

This marks the 33rd fuel price adjustment since the beginning of this year.
CBAM and the Vietnamese steel industry: Transforming to embrace the trend of international economic integration

CBAM and the Vietnamese steel industry: Transforming to embrace the trend of international economic integration

CBAM, a policy tool designed to prevent "carbon leakage" – where companies move production to countries with laxer environmental regulations to avoid carbon costs – imposes a carbon fee on goods imported into the EU based on the carbon emissions...
Empowering businesses to effectively navigate CBAM

Empowering businesses to effectively navigate CBAM

One year after the official rollout of CBAM, Vietnamese business awareness regarding the mechanism still remains limited.
Ministry to develop project to adapt with CBAM

Ministry to develop project to adapt with CBAM

The Vietnamese Government has asked the Ministry of Industry and Trade to join with relevant ministries and agencies to develop and implement solutions to comply with the EU’s Carbon Border Adjustment Mechanism (CBAM).
Adjusting prices will depend on assessment of macroeconomic impacts: MoIT

Adjusting prices will depend on assessment of macroeconomic impacts: MoIT

The Government allows the adjustment of the average retail electricity prices every three months. But that does not mean regular changes will happen.
Exporters must actively engage and adapt to EUs CBAM

Exporters must actively engage and adapt to EU's CBAM

Exporters have long voiced their concerns over the CBAM''s potential effects on Vietnamese exports, saying CBAM''s implementation will likely increase the prices of exported goods, reducing Vietnamese exports'' competitiveness and affecting demand in the EU market.
Deputy PM asks to adjust power tariffs

Deputy PM asks to adjust power tariffs

Deputy Prime Minister Vuong Dinh Hue has asked the Ministry of Industry and Trade (MoIT) to quickly complete its plan for electricity tariff adjustment. However, the increase should be at the lowest level, he said.