Preventing “taking advantage” when petrol price increases

Preventing “taking advantage” when petrol price increases

Mr. Ngo Tri Long - former of Director of Institute of Market Price Research (Ministry of Finance) talked about the effect of increasing petrol price on market price and CPI in 2018
Revenue from crude oil hits target

Revenue from crude oil hits target

VCN- The State revenue in the first 7 months was estimated at VND 775 trillion, equivalent to 58.7% of the estimate, a year-on-year increase of 13.4%.
Crude oil sharply declined in volume and turnover

Crude oil sharply declined in volume and turnover

VCN- However, export turnover of the two major commodities that decreased in the first six months of 2018 are coffee and crude oil.
Exporting crude oil and coal are going to decline significantly

Exporting crude oil and coal are going to decline significantly

In the early days of 2018, 2 important mineral items have signs of declining significantly in volume and turnover.
Price of crude oil exports to Malaysia is the lowest

Price of crude oil exports to Malaysia is the lowest

VCN- The price of crude oil is attracting attention of public opinion, especially information about low price of crude oil exports to China.
Statistics from Vietnam Customs do not show the low price of crude oil exports to China

Statistics from Vietnam Customs do not show the low price of crude oil exports to China

VCN- As per the latest information, the average price of crude oil exports of Vietnam was 408 USD per ton, mean while the actual price is only US $ 400 per ton and that information is considered to be quoted from source of Vietnam Customs.
Collecting 200 billion VND from the first crude oil shipment of Nghi Son Refinery and Petrochemical Complex Project

Collecting 200 billion VND from the first crude oil shipment of Nghi Son Refinery and Petrochemical Complex Project

VCN- On 24 August 24, 201, discussing with the reporter of Customs Newspaper, Mr. Pham Le Di- Manager of Nghi Son Port Customs Branch (under Thanh Hoa Customs Department) said that this is one of the largest value shipments which have ever been implemente
PVN exports 355 million tonnes of crude oil in 30 years

PVN exports 355 million tonnes of crude oil in 30 years

The Vietnam National Oil and Gas Group PVN has exported 355 million tonnes of crude oil worth 145 billion USD since the shipment of its first barrel from Bach Ho field in April 1987
Vietnam’s goods need to “upstream” into ASEAN market

Vietnam’s goods need to “upstream” into ASEAN market

VCN- The ASEAN market is appreciated as the third largest export market of Vietnam after USA and EU, but Vietnam’s exports into ASEAN markets are still modest. In order to “upstream” into the ASEAN market especially to the ASEAN Economic Community (AEC), managers as well as the enterprises need to make more effort.
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