middle east tensions hit inflation goals

Middle East tensions hit inflation goals

Higher oil prices as Middle East tensions rise are expected to undermine Vietnam’s efforts to reach its inflation target this year.
oil prices jump stocks slump after iran blasts

Oil prices jump, stocks slump after Iran blasts

Global markets were rattled Wednesday as blasts in Iran that killed at least 103 fanned fears of the war between Israel and Hamas spreading further.
stock markets mixed as trading year nears end

Stock markets mixed as trading year nears end

Global stocks were mixed Thursday on the penultimate trading day of 2023, while oil prices fell on easing worries about shipping disruptions in the Red Sea.
oil slumps on easing fears of mideast regional war

Oil slumps on easing fears of Mideast regional war

World oil prices sank Monday as traders hoped a region-wide conflict could still be avoided and Israel said its forces killed dozens of Hamas militants in clashes in Gaza.
stability for rest of 2023 bodes well for inflation rate

Stability for rest of 2023 bodes well for inflation rate

A low consumer price index in the first six months of the year is expected to contribute to controlled inflation amid a continued downtrend in oil prices and slow-paced consumption.
malaysia ringgit at seven month low

Malaysia ringgit at seven-month low

The Malaysian ringgit (RM) depreciated for a fifth straight session to slump to a more than seven-month low on June 23 due to a firmer dollar and weak oil prices.
thailands electrical vehicle sales increasing

Thailand’s electrical vehicle sales increasing

Oil prices remain elevated, pushing demand for electric vehicles (EV) in Thailand. This is reflected in the number of orders for EVs at the 44th Bangkok International Motor Show.
price management tweaks urged for petrol retailers

Price management tweaks urged for petrol retailers

Petrol retailers and industry insiders are calling for a change in the state management of fuel to ensure businesses can stay afloat.
capital roadblocks hindering nations oil and gas prospects

Capital roadblocks hindering nation’s oil and gas prospects

As the Vietnamese market continues to wait for large oil and gas projects to launch, the focus lies on small-scale ventures and innovative investment attraction schemes to profit from the world’s high oil prices.
growth ahead for oil and gas businesses

Growth ahead for oil and gas businesses

Oil and gas companies could cash in on the current oil prices that are forecast to remain high in 2023, which is also an important factor promoting increased investment in the sector.
oil jumps but dollar bruised on us data

Oil jumps but dollar bruised on US data

Oil prices jumped Monday on expectations of an OPEC output cut, while weak US data sent stocks higher amid rising hopes central banks may be able to ease off interest rate hikes.
volatility forces balancing act for vietnams petrol market

Volatility forces balancing act for Vietnam’s petrol market

Amid the continuously fluctuating prices for oil and gasoline, Vietnam is injecting millions of US dollars into the import of these commodities while inadequacies in the domestic market have not yet been resolved.
stabilisation fund not the true answer for reducing costs in the petrol market

Stabilisation fund not the true answer for reducing costs in the petrol market

For the first time, retail prices of diesel and kerosene are higher than gasoline prices, as recorded on September 15. The Ministry of Industry and Trade explained that there is a big difference between gasoline and global oil prices.
understanding global oil and gas sector management

Understanding global oil and gas sector management

Decree No.95/2021/ND-CP on petroleum trading officially took effect at the beginning of the year and was expected to strengthen the market. However, the continuous changes in gasoline prices, combined with the inadequacies in management, has had a great impact on market supply and demand and also pushed the business and consumer world into unprecedented difficulties. The question of how to foster a healthy market and ensure energy security has not been resolved.
coping scenarios for oil price variations in logistics

Coping scenarios for oil price variations in logistics

Despite slight falls in oil prices, pressures on possible surges again are high amid the global energy crisis. Le Quang Trung, vice president of the Vietnam Logistics Business Association, outlined the possible scenarios with VIR’s Minh Anh.