Economy 24h: Oil prices continue to decline, lower than many countries in the region

Hạ Linh |

Diesel oil prices decrease from 3 pm today; Hai Phong farmers are busy with the tobacco harvest, income surpasses rice;...

Diesel oil prices reduced from 3 pm today

In the afternoon operating period of May 7, 2026, domestic gasoline and oil prices were adjusted up and down in opposite directions. E5RON92 gasoline increased by 1,664 VND/liter to a maximum of 23,790 VND/liter; RON95-III gasoline increased by 603 VND/liter to 24,354 VND/liter. Meanwhile, diesel oil decreased by 678 VND/liter to 27,494 VND/liter, and mazut oil increased by 1,145 VND/kg to 21,172 VND/kg.

Compared to neighboring countries, gasoline and oil prices in Vietnam are still significantly lower. RON95 gasoline price in Vietnam is 24,354 VND/liter, lower than Thailand, Cambodia, China and Laos - where selling prices range from about 34,000-41,000 VND/liter. Similarly, diesel oil prices in Vietnam are also lower than many countries in the region. See more...

Hai Phong farmers are busy harvesting tobacco, income surpasses rice

In the early days of May, farmers in Tien Lang, Vinh Bao (Hai Phong) entered the peak of tobacco harvesting. This year, tobacco plants are developing well, with few pests and diseases, yield reaching 60-80kg/sao, many areas reaching 1 quintal/sao. With a selling price of 150,000-200,000 VND/kg, the average profit reaches 6-8 million VND/sao, much higher than growing rice.

Nông dân chế biến thuốc lào sau thu hoạch. Ảnh: Xã Chấn Hưng
Farmers processing tobacco after harvest. Photo: Chan Hung Commune
Lãnh đạo xã Chấn Hưng tham quan ruộng thuốc lào - cây trồng chủ lực mang lại hiệu quả kinh tế cho nông dân. Ảnh: Xã Chấn Hưng
Leaders of Chan Hung commune visit tobacco fields - a key crop that brings economic efficiency to farmers. Photo: Chan Hung commune

Thanks to the application of modern farming techniques such as water-saving irrigation, using organic fertilizers and effective pest management, the quality of tobacco has been improved, contributing to increasing income and creating jobs for rural people. In the harvest season, people also maintain the form of "exchange labor", supporting each other in harvesting and preliminary processing to reduce costs and accelerate production progress.

To sustainably develop the local specialty brand, Hai Phong is promoting the management and exploitation of the geographical indication "Tien Lang Tobacco" and "Vinh Bao Tobacco". Producers are guided on the process of using trademarks, quality control and consumption linkages to improve product value and affirm Hai Phong tobacco's position in the market. See more...

Ho Chi Minh City promotes "Responsibility Green Button", increases food control in schools

Ho Chi Minh City is promoting the implementation of the "Responsibility Green Stick" program in schools to control the quality of semi-boarding meals after a series of suspected food poisoning cases occurred in primary and secondary schools in the area. Many schools have had to temporarily suspend semi-boarding meals, review procedures and change suppliers to ensure safety for students.

“Tick xanh trách nhiệm” được kỳ vọng nâng chuẩn bữa ăn bán trú. Ảnh: Chân Phúc
Green responsibility tick" is expected to raise the standard of semi-boarding meals. Photo: Chan Phuc

According to the Ho Chi Minh City Department of Industry and Trade, the program aims to build a transparent food supply chain, clearly defining the responsibilities of each unit from supplying to processing school meals. The model will be piloted in May and is expected to expand to about 100 schools before the new school year, with the expectation of improving food safety standards in schools.

Experts and schools assess "Responsibility green tick" as a positive signal to help increase parental trust and improve the quality of semi-boarding meals. However, many opinions suggest that it is necessary to clarify the implementation cost, create consensus from parents and tightly control the entire supply chain, from input materials, processing, preservation to product traceability and recall in case of incidents. See more...

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