Từ khóa: #Ministry of Industry and Trade

Petrol prices were reduced in the latest adjustment from 3 p.m. on March 21 by the Ministry of Industry and Trade, and the Ministry of Finance.

Measures have been taken to effectively exploit the domestic market with a population of nearly 100 million to fulfill the goal of an increase of 8-9 percent in retail sales of goods and services.

According to reports from multiple petrol retailers, fuel wholesalers and distributors have once again lowered discount rates, which could result in the closure and suspension of operations for petrol retailers due to losses.

Vietnam's petrol and oil imports increased sharply in the first two months of 2023, reaching US$1.7 billion, a surge of 56.3% year on year, the Ministry of Industry and Trade (MoIT) has reported.

The retail prices of petrol were revised up while prices of diesel, kerosene and mazut were lowered from 3 p.m. on February 13 by the Ministry of Industry and Trade, and the Ministry of Finance.

PM Pham Minh Chinh has asked the MoIT to take measures to ensure the supply of all key commodities, especially fuel, and to stabilize the country's distribution channels for the economy after the Tet holiday.

The scale of the domestic retail market is expected to increase from US$142 billion at present to $350 billion by 2025, contributing 59 percent of the national GDP, according to the Ministry of Industry and Trade (MoIT).

The Ministry of Industry and Trade plans to set a target of 6% growth in export value this year, considering unpredictable factors that can affect import-export, according to Deputy Minister Do Thang Hai.

Despite decreases in both imports and exports, the country still enjoyed a trade surplus of US$3.6 billion in the first month of 2023, according to the General Statistics Office (GSO).

The Vietnamese retail sector has recovered to the pre-Covid-19 level, with 53.8% of total retailers reporting similar or better business outcomes, according to Vietnam Report JSC.

Vietnam's industry and trade sector has obtained encouraging results in 2022, contributing to the national socio-economic development. 

Vietnam’s export turnover to Germany enjoyed a year-on-year surge of 30.5% to US$7.6 billion in the first ten months of this year, according to the Ministry of Industry and Trade.

The Ministry of Industry and Trade has just submitted to the Prime Minister the issues and obstacles to rice product management, especially imported rice.

The Ministry of Industry and Trade (MoIT) has proposed a new price mechanism to adjust fuel prices every 5 days instead of the current 10-day cycle, or possibly every day to finally address a number of issues that resulted in sporadic fuel shortages across the country in recent months.

The Ministry of Industry and Trade this morning launched the national promotion month - Vietnam Grand Sale 2022 with the participation of 1,198 enterprises in Ho Chi Minh City. 

According to a report of the Ministry of Industry and Trade at a press conference on November 15, while fuel prices increase, and the USD/VND exchange rate climbs, many fuel enterprises face difficulties in accessing foreign currency and credit sources (businesses are not eligible for loans at credit institutions).

The Ministry of Industry and Trade (MoIT) has drafted a circular regulating the classification and management of commercial establishments.

Retail prices of oil and petrol increased starting from 3 p.m. on October 21, following the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.

Retail prices of oil and petrol dropped from 3pm on October 3 following the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.