Vietnam gas prices hit new low in third cut this year

Fuel retailers in Vietnam cut prices by around 5 percent on 3 February, creating a new record low in five years, local media reported.   Petrolimex, Vietnam’s leading fuel importer and distributor, has lowered the price of 92-RON, the most popular grade of gasoline in the country, ...

Vietnam Coast Guard seizes armed Thai ship for oil smuggling

A Thai ship has been caught selling oil illegally to a Vietnamese fishing boat in southwestern waters, the Vietnam Coast Guard said in a statement.   V.Lucky with five Thai crewmen was carrying 170,000 liters of diesel and pumping the oil to a Vietnamese fishing boat that ...

Vietnam eyes lower transport prices

The Ministry of Transport is investigating transport companies who have failed to lower prices amid a drop in petrol costs.   Since many transport firms have been slow to reduce their fees even after recent hefty petrol price cuts, the ministry has asked local transport departments to ...

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