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The Ministry of Industry and Trade has requested state-run gasoline and oil wholesalers to sell their commercial reserves to mitigate fuel shortages in some localities. Minister of Industry and Trade Nguyen Hong Dien on Wednesday asked PVN, Petrolimex, Mipec, Petimex and Thanh Le General Import-Export Trading Corporation to sell their …

Vietnam’s benchmark VN-Index dropped 0.33% to 1,019.81 points Thursday with trading plunging double-digit. The index closed 3.38 points lower after losing 10.56 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 22% to VND7.87 trillion ($316.51 million). The VN-30 basket, comprising the 30 largest capped …

Hanoi police said a man who had hit a motorcyclist while driving a Ferrari on Monday came forward a day later. Hoang Bang Viet, 25, who lives in Hanoi’s Nam Tu Liem District, came to a city police station around 10 p.m. on Tuesday. Police had requested Hanoi Center for …