balancing the effects of global oil price fluctuations

Balancing the effects of global oil price fluctuations

Global oil prices are predicted to bounce back at the year-end, despite continued geopolitical tensions. Luong Van Khoi, vice president of the National Centre for Socio-economic Information and Forecast, spoke with VIR’s Nguyen Huong about how Vietnam’s socioeconomic development could be affected.
economists petrol stabilisation fund to be scrapped

Economists petrol stabilisation fund to be scrapped

Economists and industry experts have voiced concerns over the petrol stabilisation fund continuing as a tool to keep prices down, deeming it too ineffective to make a real difference.
strategies considered to cope with oil shifts

Strategies considered to cope with oil shifts

As there is no silver lining ahead just yet when it comes to stabilised oil prices, economists and associations agree that corporate taxes should be reduced and oil reserves built to help cope with the current dilemma, but both of these solutions would be costly.
insights into oil price volatility and strategies to cope with fluctuations

Insights into oil price volatility and strategies to cope with fluctuations

Experts gathered at VIR's roundtable on the morning of September 8 to share their predictions about the upcoming global volatility in oil prices and solutions to mitigate these issues in Vietnam.
roundtable oil price outlook and sharing experiences for sustainable development

Roundtable: Oil Price Outlook and Sharing Experiences for Sustainable Development

On September 8, Vietnam Investment Review (VIR) will host a roundtable titled "Oil Price Outlook and Sharing Experiences for Sustainable Development" to discuss the impact of oil price fluctuations on Vietnam's economy and the various measures to maintain stable and sustainable growth.
vietnamese oil facing significant hurdles

Vietnamese oil facing significant hurdles

The government is promoting energy self-reliance rapidly as global developments have significantly changed the world’s energy situation, pushing Europe into gas scarcity for this winter.
eurozone stocks euro tumble as russia fuels energy crisis

Eurozone stocks, euro tumble as Russia fuels energy crisis

Eurozone stocks tumbled Monday and the euro hit a new 20-year dollar low on energy crisis fears, after Russia said it would not restart gas flows to Germany and effectively most of the continent.
opec agrees oil output cut to prop up prices

OPEC+ agrees oil output cut to prop up prices

The OPEC+ oil cartel agreed Monday to cut production for the first time in more than a year as it seeks to lift prices that have tumbled due to recession fears.
oil and gas sector counting on vital new investment cycle

Oil and gas sector counting on vital new investment cycle

As oil prices anchor around $90-100 per barrel globally, changes in the oil and gas policy of many markets are expected to bring a new cycle of investment to Vietnam – with the government also taking steps to transition to renewable energy sources by cooperating with countries around the world.
opec to meet amid economic downturn fears

OPEC+ to meet amid economic downturn fears

Faced with recession fears, the OPEC+ countries are expected to agree a modest increase in oil production at a meeting on Monday, with some experts even forecasting a cut to support prices.
standard chartered bank forecasts vietnams q3 gdp growth at 108 per cent

Standard Chartered Bank forecasts Vietnam’s Q3 GDP growth at 10.8 per cent

Standard Chartered Bank forecasts Vietnam’s GDP growth for Q3 and Q4 at 10.8 per cent and 3.9 per cent, respectively, taking full-year growth to 6.7 per cent. High global oil prices may have negative consequences on the economy.
construction companies weather the price hike

Construction companies weather the price hike

The recent cooling in the prices of some fundamental raw materials has alleviated pressure on construction companies, which are eager to restore their businesses with a slew of new contracts.
biden to talk oil at arab summit concluding middle east tour

Biden to talk oil at Arab summit concluding Middle East tour

US President Joe Biden is set to discuss volatile oil prices during a summit with Arab leaders on Saturday in Saudi Arabia, the final stop of his Middle East tour.
global fuel concerns force tax action

Global fuel concerns force tax action

The government is expected to apply a scheme to pare down taxes and fees for fuel products, as well as provide sufficient fuel for the economy, in a bid to offer support and ensure desired growth.
vietnams economic growth accelerates on back of exports manufacturing bloomberg

Vietnam’s economic growth accelerates on back of exports, manufacturing: Bloomberg

Vietnam’s economic growth accelerated faster than expected in the second quarter of this year, as a recovery in exports and manufacturing helped offset risks from coronavirus outbreaks and rising oil prices, Bloomberg reported.