The Vietnamese government last week hiked the price of the popular RON95 variety of gasoline to VND29,820 per liter, or $1.297, half a percent higher than the global average, according to Gas Petrol Price.

A gas station employee in Hanoi updates gasoline prices in Ha Dong District, Hanoi, March 11, 2022.

In Southeast Asia, gasoline in Vietnam is more expensive than in Cambodia, Malaysia, Indonesia, and the Philippines.

A liter of gasoline costs around 12.7 percent of what an average Vietnamese earns per day. This is higher than the figures for Singapore (1.3 percent) and Thailand and Indonesia (both 7.5 percent), and lower than for the Philippines (13.4 percent) and Cambodia (24.4 percent).

Vietnamese gasoline prices include over 40 percent in taxes like the special consumption tax, import tax, value-added tax, and environment tax and fees.

The Ministry of Finance has proposed a 50 percent cut in environment tax from April 1.

Vietnam gold prices surge to new peak

Vietnam gold prices rose to another new peak Wednesday, continuing its climbing trend in recent weeks as the Russia-Ukraine tension remains high.

Gold prices soar to new peak

Vietnamese gold prices hit a new all-time high of VND64.8 million (US$2,838.4) per tael Thursday as global rates skyrocketed amid tensions over the Ukraine situation.

Ministry to cut Covid-19 test prices by 30 percent

The new ceiling price of Covid-19 tests will be up to 30 percent lower than the current one, according to the Ministry of Health’s recent circular effective from February 21.

Phuc Hoa early ripening lychee earns consumption contract with selling price of 30,000 VND per kg

(BGO) –The High-tech Application Center for Plant and Export (Hanoi city) has recently committed to support in caring procedure then buy all lychees grown under GlobalGAP standard in Phuc Hoa commune, Tan Yen district (Bac Giang province) for export, confirmed Ngo Van Tiep, Chairman of Phuc Hoa commune People’s Committee.

Vietnam Railways arranges more trains and cuts ticket prices by 30 percent after Tet

Vietnam Railways (VNR) has announced that it will operate extra trains and cut ticket price by up to 30 percent to meet the increasing travel demand of passengers after Tet (Lunar New Year) Festival.

Source: VnExpress