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In Vietnam, gasoline prices experienced a minor decrease on Thursday amidst the ongoing global price instability due to the uncertainties surrounding the peace talks between the U.S. and Iran. E10 RON95, a commonly used fuel, saw a 3.73% drop, bringing its…
China’s e-commerce export sector is facing difficulties due to increasing jet fuel costs and a decrease in demand from lower-income consumers in the West. These challenges have arisen as a result of the ongoing conflict in Iran, which is affecting profits for…
The surge in diesel prices, precipitated by conflict with Iran, could hasten the electrification of China’s heavy-duty truck fleet this year, according to market analysts and auto manufacturers. This shift could further expedite the decline in fuel…
On Tuesday morning, the U.S. dollar experienced an unexpected surge against the Vietnamese dong in the black market trading. The greenback appreciated by 0.74%, hitting a record high of VND27,390 at unofficial exchange platforms. Maintaining the Rate Despite…
The price of gasoline is on a continual rise, leading the government to depend on its stabilization fund to provide subsidies. On Tuesday, there was yet another increase, with the price of RON95 fuel skyrocketing by 7.69% to VND29,120 (US$1.11) per litre.…
National flag carrier Vietnam Airlines has taken decisive action to ensure the safety of its passengers and crew amidst escalating tensions between Israel and Iran. The airline has adjusted its routes to avoid potential conflict zones, a move that reflects…
The Iran nuclear deal which took effect January 2016, known officially as the Joint Comprehensive Plan of Action (JCPoA), was implemented after United Nations inspectors said that Iran had dismantled a large portion of its nuclear programme. The Iranian…
Germany, which has been aggressively pushing for closer economic ties with Iran following the lifting of international sanctions against the latter, wants to play a pivotal role in the modernizing and upgrading of Iran’s dilapidated infrastructure and…
An Iranian banking and financial delegation has paid a visit to Indonesian capital city of Jakarta to discuss facilitating banking ties between the two countries. During the visit, the sides called for removing the obstacles hindering the expansion of banking…
State-run energy giant Pertamina officially received a cargo of liquefied petroleum gas (LPG) from Iran on Thursday, marking Iran’s first shipment as a new supplier of LPG to Indonesia. Pertamina president director Dwi Soetjipto welcomed the 44,000 metric…
Indonesia’s state-owned Pertamina will sign a memorandum of understanding with the National Iranian Oil Co. next month to develop oil and gas blocks in Iran. Under the initial agreement, Pertamina will be allowed access to data on four Iranian oil blocks, a…
Indonesia said it is open to resume banking transactions with Iran following the lifting of economic sanctions against Iran. “Banking relations, an obstacle we are facing, will soon be resumed,” President Joko Widodo said after receiving Irans Foreign…
South Korea’s LG Electronics is making a strong push into the Middle East, opening premium brand shops in the area. The company is deliberately positioning its brand at the higher end of the market to differentiate it from lower cost brands. LG says it has…
