Industry analysts believe that the sweeping price cuts and demand-stimulus measures introduced earlier this month are critical steps to revitalise Việt Nam’s auto market following a prolonged period of sluggish sales.
Without strong and timely interventions by the Government, rapidly rising property prices could further reduce housing affordability, adversely affecting social welfare and sustainable economic development.
Việt Nam Electricity (EVN) on Friday announced that the average retail electricity price will be increased by 4.8 per cent starting from Saturday, marking the fourth hike since early 2023.
Việt Nam’s retail fuel prices were reduced for the second consecutive time from 3pm on May 8, under an urgent directive issued on the same day by the Ministry of Industry and Trade (MoIT).
The State Bank of Vietnam said it will monitor gold markets closely and coordinate with agencies to manage and stabilise the market within its authority.
As Thursday, May 1, 2025, coincides with the Labour Day holiday, the next price adjustment following the session on April 24 will be postponed to May 5, 2025.
Specifically, the price was VNĐ130,500 per kilo in Đắk Lắk Province, VNĐ130,000 in Lâm Đồng Province, VNĐ130,400 in Gia Lai Province, and VNĐ130,500 in Đắk Nông Province, vnbussiness.vn reported.
Titled “Made in Vietnam: le nouvel atelier du monde” (Made in Việt Nam: The new workshop of the world), the report highlighted the country’s rapid industrial transformation.