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Cooking gas price continues to fall

Update: June, 02/2012 - 09:38
The retail price of cooking gas in HCM City yesterday continued to drop by VND30,000 (US$1.4) per 12kg cylinder compared to last month, due to the decrease in price of imported gas by $130 per tonne.

The retail price of cooking gas of Sai Gon Petrol, Petrolimex, Vinagas and Pacific Petro stands at an average of VND340,000 ($16.26) per 12kg cylinder.

Tuoi Tre (Youth)

City suspends eight polluting companies

The HCM City People's Committee has on multiple occasions suspended eight companies in District 12 for pollution violations. The companies are located on Nguyen Van Qua Street in Dong Hung Thuan Ward, an area with serious pollution affecting many nearby residents.

The city government has asked concerned agencies to stop issuing business licences for companies in dense or central residential areas. The agencies have also been asked to report on a list of companies that cause pollution in residential areas.

Sai Gon Tiep Thi (Sai Gon Marketing)

City opens CNG bus route

The first bus servicing the route Mien Tay Bus Station – Hang Xanh (HCM City) – Dai Nam Tourism Area (Binh Duong Province), which uses compressed natural gas, opened yesterday, according to the city's Department of Transport. It is operated by Phuong Trang Tourism and Transport Services Ltd. Company.

The bus service operates every day from 4:45am to 6:30pm. The price is VND5,000 per ticket (less than 15km), VND10,000 (5-25km), VND15,000 (25-35km) and VND20,000 (more than 35km).

Lao Dong (Labour)

Deposit interest rates likely to drop to 9%

According to the State Bank of Viet Nam, deposit interest rates are likely to drop to 9 per cent per year by the end of this year if the macro-economy is stable and inflation maintains low. This would help businesses have greater access to low interest-rate loans.

The State Bank also plans to set up a company that buys and sells bank debt, with chartered capital of VND100 trillion (US$476 billion), in a bid to buy and sell bad debt at joint-stock commercial banks during the process of restructuring the banking system.

Thanh Nien (Young People)

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