Gas prices fall on global oil declines

A gas shop in HCM City. — VNA/VNS Photo

HÀ NỘI — Gas prices fell VNĐ69,000 (US$3) per 12kg canister on Wednesday as global crude oil prices dropped sharply.

Saigon Petro Co., Ltd said its maximum retail price would not exceed VNĐ277,000 per 12kg canister.

Pacific Oil and Gas Import-Export Trading JSC said that retail prices of gas brands Pacific Petro, Esgas, City Petro would not exceed VNĐ301,000 per 12kg canister and VNĐ1,254,500 per 50kg canister.

The Việt Nam Gas Association's Southern Gas Branch said that the global import contract price set for this month had fallen $220 per tonne, leading to a record drop in domestic gas prices as global oil prices continued to plummet.

Gas enterprises said that the record cut in gas prices coincided with social distancing, and would be beneficial to households because many people were being forced to work from home, raising the demand for cooking gas. — VNS

Lào Cai province calls for more Japanese investments

Economy

Chilli pepper exports jump 53% in Q1

Economy

Masan closes $250 million investment from Bain Capital on April 22

Economy

Vietnamese PM outlines three key breakthroughs for ASEAN's path to digital excellence

Economy

FPT and NVIDIA ink MoU to build $200m AI factory

Economy

Two bidders win the first gold auction this year

More on this story

Economy

VN stocks pick up after officials' reassurances

Vietnamese shares soared on Wednesday after government officials had made statements to reassure investors amid the rising number of coronavirus infection cases.

Economy

Which businesses will remain open during national social distancing?

According to a directive from the Prime Minister, social distancing will be applied nationwide for 15 days starting from April 1, in an attempt to contain the spread of coronavirus, and only factories, businesses and service establishments producing and providing essential goods and services are allowed to remain open.

Economy

Electronic fund transfer fees to be cut by at least 50 per cent

The State Bank of Việt Nam on Tuesday issued a directive to reduce the fees for transactions via interbank electronic payment system by 50 per cent for local banks.

Economy

Honda Vietnam suspends production due to COVID-19

Giant Honda Vietnam (HVN) has become the fourth automaker in Việt Nam to suspend production and assembly of car and motorbike over the concerns of COVID-19 spread.

Economy

Business survey begins on April 1

The General Statistics Office (GSO) began its 2020 survey of businesses on April 1 to collect basic information for management and policy making.

Economy

BVSC reports after-tax profit of $5.4 million

Bảo Việt Securities Company (BVSC) reported a realised after-tax profit of VNĐ127.9 billion (US$5.4 million) last year, completing 102 per cent of its plan.

Economy

Securities trading uninterrupted during COVID-19 fight: SSC

Trading on the Vietnamese securities market is essential and will not be disrupted under any circumstances during the fight against COVID-19, the State Securities Commission (SSC) said on Tuesday.