The retail prices of petrol in Vietnam plummeted from 3pm of April 28 making it the eighth consecutive reduction since the beginning of this year.
Vietnam’s success in curbing coronavirus outbreak has helped push its stock market to become Asia's top performer in May, Bloomberg says.
About 60 US footwear importers will meet local manufacturers during an online trade event that will be organized between May 28 and 30 this year, Ministry of Industry and Trade said.
Vietnam increased retail gasoline prices Wednesday afternoon, after cutting prices for eight consecutive time since the international crude oil prices have plunged to their lowest in decades.
- Casino operator stock skyrockets despite sustained losses 1
- Japan’s ENEOS Corp. to raise stake in Petrolimex to 11 percent 2
- VN-Index plummets over 74 points 3
- Power firm EVNGENCO 2 to auction over 580 mln shares on Feb. 8 4
- OCB to list over 1 bln shares on HOSE at $0.99 apiece 5
- Vietnam raises over $14 bln via bond auctions in 2020 6
Stock rebound in Asian frontier markets, led by Pakistan and Vietnam, the second and third best performers globally in April when the Southeast Asian country reopened its economy, Asia Frontier Capital said.
The VN-Index added nearly 15 points to 828.33 points on the first trading day of the week, marking the fifth consecutive gaining session since the government called to restart the economy.
Cash flow continued to pour heavily into Vietnam’s stock market in the trading session on May 8 as the government has been restarting the economy.
Top rice exporter Vietnam is struggling to replenish government reserves after consumers around the world rushed to secure supplies of the food staple because of the worsening coronavirus pandemic.
Vietnam’s stock market, which in March tumbled the most since 2001, is now reviving.
Vietnam reduced prices of gasoline by about VND600 ($0.025) per liter, a seventh consecutive time since early this year, Ministries of Industry and Trade and Finance announced the reduction of prices.
Vietnamese government has announced to cut retail fuel prices the second time this month and sixth time from the beginning of 2020 as international crude oil prices dropped sharply.
Rice traders are unhappy with the sudden government ban on exports that has million dollar worth of cargo idling at ports.
Vietnam’s rice traders have halted overseas shipments after the customs department ordered a temporary suspension of exports on Tuesday to ensure food security during the coronavirus pandemic.
Vietnamese Prime Minister Nguyen Xuan Phuc has instructed ministries to temporarily halts new rice contracts and carry out the inspection, evaluation of supply and the current rice export situation.
The VN-Index plummeted 43.14 points, or 6.08 percent, to 666.69 points Monday, its second biggest single-day loss in 19 years.
The Ministry of Finance cut the fees of nine securities services and exempted fees for six others from March 19, a move to support the market amid coronavirus pandemic.