Ministry of Finance forecasts gasoline and oil prices to tend to decrease in the third and fourth quarters
The Ministry of Finance proposed extending the policy of exemption and reduction of some types of taxes on gasoline and oil for another 3 months, until September 30, 2026. Accordingly, gasoline and oil prices in the third and fourth quarters are forecast to continue the downward trend thanks to improved global supply after the US and Iran reached a temporary agreement, helping transportation through the Strait of Hormuz return to normal.
Many international financial institutions such as Goldman Sachs, Morgan Stanley and Citigroup have simultaneously lowered their Brent oil price forecasts, while the International Energy Agency (IEA) warned of the risk of oversupply due to production increasing faster than demand. Domestic gasoline and oil prices are expected to decrease accordingly because they are calculated based on the finished product price in the Singapore market.
Although the general outlook is that oil prices will continue to be low, the Ministry of Finance notes that the market still has potential risks if geopolitical tensions recur. After each ceasefire order, oil prices may fall sharply but are also likely to rebound if the parties violate the agreement. See more...
Hanoi electric motorbike market attracts customers near the new school year
The billion-dollar durian industry in Dak Lak faces a logistics bottleneck
Dak Lak currently has nearly 44,900ha of durian, with a production of more than 390,000 tons, expected to bring in revenue of about 1.1 billion USD. However, experts believe that the development of this industry is facing a major bottleneck in logistics infrastructure and value chain linkages.
According to Mr. Nguyen Thanh Son - Chairman of the Board of Directors of Cat Lai Port Joint Stock Company, the enterprise is bearing high transportation costs due to the lack of ICD shallow ports, logistics centers and empty containers. Durian is mainly exported by road through northern border gates, while businesses have to take containers from Ho Chi Minh City or Cai Mep - Vung Tau, significantly increasing transportation costs.
To improve competitiveness, experts propose that Dak Lak promote logistics infrastructure planning associated with actual needs, develop a multimodal transport system and apply modern logistics models. See more...
Dien Bien, Lai Chau develop concentrated livestock areas
Dien Bien is attracting many large-scale high-tech livestock projects. Prominent are the 120 billion VND pig farm in Muong Pon commune, the 300 billion VND project of Tuan Giao High-Tech Livestock and Agriculture Joint Stock Company and the high-tech livestock and processing complex of Mavin Group with an estimated capital of 400-450 billion VND, creating hundreds of jobs and contributing about 80 billion VND each year to the budget.
In Lai Chau, the locality plans to develop concentrated livestock areas with a land fund demand of up to 2,574ha in 37 locations. Currently, the province has 13 livestock and animal feed production projects approved for investment, of which 3 projects have been put into operation, 8 projects are being implemented and many businesses continue to survey and propose new projects. See more...
