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The Rising Tide of Fuel Prices: A Growing Concern

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The latest fuel price review on June 26th saw a rise in domestic gasoline and diesel prices compared to the previous review on June 19th. Specifically, E5RON92 gasoline increased by VND 280 per liter, while RON95-III rose by VND 263 per liter. Diesel experienced a notable surge of VND 551 per liter, and kerosene increased by VND 494 per liter. Conversely, 180CST 3.5S fuel oil witnessed a decrease of VND 374 per kg.

“SASCO’s AGM: H1 Profits Double”

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The Ho Chi Minh City-based ground handling services provider has reported impressive profit growth, buoyed by a surge in international arrivals to Vietnam. Despite challenges, including cautious passenger spending and potential airport commercial business dilution, SASCO remains confident in its growth prospects.

The Greenback’s Grim Outlook

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The US dollar is experiencing its weakest performance in nearly four decades, not just depreciating but also gradually losing its stature in global reserve strategies. Amid geopolitical turmoil and fragmented trade relations, central banks are quietly retreating from the greenback, opting instead for gold, the Euro, and the Chinese Renminbi, as revealed in a recent OMFIF report.