Vietnam · Country watch
Vietnam Cuts Petrol Prices, Public Investment Surges
Vietnam reduces petrol prices and boosts public investment, impacting energy and construction sectors.
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Vietnam's business conditions improve with reduced petrol prices and increased public investment, benefiting energy, logistics, and construction sectors.
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In this briefing Vietnam · VN-Index
Regulation
Vietnam cuts petrol prices, excluding mazut
Vietnam has reduced petrol prices, with E5RON92 gasoline now priced at 23,203 VND (0.89 USD) per liter, a decrease of 1,020 VND per liter. E10RON95-III is set at 23,231 VND per liter, down 928 VND per liter, according to Vietnam News Economy. The adjustment does not apply to mazut. This move follows a broader trend of fuel price reductions in the country.
Impact Fuel importers and logistics companies benefit from reduced petrol costs, easing operational expenses.
Sources: Vietnam News Economy ↗
Vietnam boosts public investment to 74.1% of target
Vietnam's public investment disbursement reached 74.1% of the annual target by October 31, totaling nearly 708.6 trillion VND (over 27.5 billion USD), according to VietnamPlus. Central budget capital accounted for 182 trillion VND, or 59.6% of its target, while local budget capital reached 526.5 trillion VND, or 81%. This marks an increase of more than 217.5 trillion VND from the previous year.
Impact Construction firms and public-sector contractors see increased opportunities from the surge in public investment.
Sources: VietnamPlus ↗
Markets
VN-Index rebounds nearly 2% on broad-based buying
The VN-Index rose nearly 2% as broad-based buying lifted market sentiment, with technology and financial stocks leading the gains, Vietnam News Economy reports. Heavyweight shares contributed to the positive market momentum, reversing previous losses. This rebound reflects investor confidence in the market's stability.
Impact Investors in Vietnam's stock market benefit from the VN-Index rebound, particularly in technology and financial sectors.
Sources: Vietnam News Economy ↗
Nothing significant reported today in Disruption · Internal tension · Safety & health · Companies · Trade · Politics.
Also today in the local press
- PM requests controlling inflation while pursuing double-digit growth — VietnamPlus
- Mạnh tay với chủ đầu tư 'treo' sổ hồng của khách hàng — Thanh Nien Kinh tế
- Vietnam’s export growth hinges on fixing logistics planning, data, multimodal links — VietnamPlus
- Textile-garment industry restructures supply chains to meet rules of origin — VietnamPlus
- FDI inflows from January to October post strongest growth since 2009 — Vietnam News Economy
- Vietnam, EU shape future of green economy, new value chains — VietnamPlus
- Reference exchange rate further falls on November 4 — VietnamPlus
- Gần 96% sầu riêng Việt Nam xuất sang Trung Quốc — VnExpress
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
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