Adoption of appropriate policies by the State Bank of Viet Nam (SBV) has helped it buy a large amount of US dollars to increase the nation’s foreign reserves, industry insiders said.
The domestic retail price of petroleum remained unchanged at VND17,286
(US$0.80) per litre yesterday, despite the increase in the world price
over the past 15 days.
The Viet Nam National Petroleum Group (Petrolimex) reduced the petroleum
RON 92 price by VND330 a litre to VND25,310 per litre, starting 2 pm on July 28.
The adjustment in the selling price of petroleum has stirred a
controversy, especially in its transparency though it has become more
flexible.Tran Van Thinh, General Director of the Viet Nam National
Petroleum Group (Petrolimex) told Vietnam News Agency about the
publicity and transparency in...
The Ministry of Finance allowed distributors to increase stabilisation
fund usage for the country''s popular gasoline RON 92 and mazut from 8pm
on June 12.
The Viet Nam Steel Association (VSA) required steel makers to stop
reducing the selling price of their products to make the local steel
market healthier.