Tag: fuel prices

Among the key cost-push factors, petroleum products are considered to have the widest spillover impact, directly affecting not only commuting expenses but also freight transport, manufacturing, product distribution, and ultimately end-consumer retail prices.

A draft decree grants pricing authority to enterprises, but price calculations must adhere to the formula prescribed by the state.

The move aiming to ease pressure on prices and support market stability.

The measure expected to help curb inflation by lowering retail fuel prices.

Vietnam’s fishing fleet currently stands at nearly 92,000 vessels, 40-55 per cent of which have been unable to head out to sea recently due to rising gasoline prices. To address the situation, the Ministry of Agriculture and Rural Development has asked the Ministry of Industry and Trade and the Ministry of Labor, Invalids and Social Affairs to propose that the government introduce a policy to support fishing crews that are temporarily out of work.