Update on gasoline and oil prices on July 4: World oil prices fluctuate in opposite directions
WTI and Brent oil opened the first trading session of the week with a strong upward trend, but then fluctuated continuously; at one point both commodities turned down sharply, up to 2%, and then rebounded. At the end of the session, WTI and Brent oil prices increased by 0.78% and 0.68% respectively.
By this morning's session, both oil commodities continued the upward trend. At 7:54 am (Vietnam time), WTI crude oil price was at 113.29 USD/barrel, up 0.88 USD/barrel, equivalent to an increase of 0.78%.
Domestically, gasoline and oil prices continue to be kept at a stable level, with RON95-III gasoline not exceeding 26,976 VND/liter, E5RON92 not exceeding 25,428 VND/liter and diesel oil not exceeding 44,788 VND/liter. Vietnam's gasoline price level is lower than many countries in the region, while diesel oil prices are higher than some countries such as China and Thailand.
To control fluctuations, the Ministry of Industry and Trade has flexibly coordinated tools such as the Price Stabilization Fund (used many times on a large scale), sharply reduced taxes and fees, and flexible price management according to market fluctuations. The government also for the first time advanced the budget into the Price Stabilization Fund, in order to maintain price stability and support consumers in the context of a volatile global market. See more...
Material prices increase, businesses proactively adapt
Hanoi Industrial Meal Company won 148/148 bidding packages, with a total value of 505.8 billion VND
Hanoi Industrial Meal Service Joint Stock Company is one of the units providing meals to many schools in the Northern region. This enterprise has participated in 148 bidding packages with a total value of about 505.8 billion VND and won all, mainly in Hanoi and some provinces such as Hung Yen, Bac Ninh, Ninh Binh. The bidding packages focus on providing semi-boarding meals for elementary school students, of which in February 2026 alone, it won many packages at schools in Hanoi.
In addition, Ban Mai Trading and Service Co., Ltd. is also a noteworthy unit when winning 46/46 bidding packages, mostly in Hanoi. The bidding packages of this enterprise are related to providing semi-boarding meals or organizing cooking at school kitchens in the 2025-2026 school year, with values ranging from several billion to more than 13 billion VND per package.
Notably, both enterprises participate in bidding in an independent role and have an absolute winning bid rate. Ban Mai Company alone has a bid price that almost coincides with the package price (about 100%), showing price stability but also raising the issue of monitoring the competitiveness in bidding activities for school meals. See more...
Joining hands to support business households to fulfill tax obligations
Along with tax authorities, many businesses providing electronic invoice services, sales software, and accounting software have also implemented preferential programs and free support for households and individuals doing business in the early stages of conversion.
According to information published on the website of the Tax Department, 38 organizations providing electronic invoice solutions and services have sent information about programs to support households and individuals doing business to deploy electronic invoices generated from cash registers with many forms of incentives and promotions, from free software, service fee reduction to initial deployment support.
Commercial banks also participate in supporting business households by connecting the banking system to the tax authority system, helping people to pay taxes electronically conveniently. See more...
