Official sweet potatoes are about to be exported to China; Gasoline prices today may increase sharply
(Baonghean.vn) - The first batch of official sweet potatoes is about to be exported to China, fruit and vegetable exports are increasing sharply; domestic gasoline prices may increase sharply, world prices decrease... are notable economic news on April 11.
* Official sweet potatoes are about to be exported to China
The Plant Protection Department - Ministry of Agriculture and Rural Development said that China has just approved Vietnamese sweet potato packaging facilities and growing areas to be eligible for export. It is expected that within the next month, the first container of Vietnamese sweet potatoes will be on its way to the world's most vibrant market.
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The first official sweet potatoes are about to be exported to China. Photo: People's Public Security |
According to the Director of the Plant Protection Department, the official export of sweet potatoes to China is considered an opportunity for Vietnamese farmers to develop the industry, increase economic value and gradually shift from informal to formal exports.
In particular, in the context of a sharp decline in exports of many key products in the first months of the year, sweet potatoes can become a savior, helping the whole industry accelerate again in the second quarter.
Preliminary statistics from the General Department of Customs show that by the end of March, fruit and vegetable exports were estimated at 935 million USD, up 10.6% over the same period in 2022. This is one of the few agricultural product groups that recorded a positive growth rate in the context of high global inflation causing many key export products to plummet.
Notably, bamboo leaf exports by the end of February increased by 302.4% compared to the same period last year. The export turnover of laurel leaves in February 2023 recorded a record increase of 5,083.3% (nearly 52 times) compared to February last year.
* Gasoline prices today (April 11): Domestic prices may increase sharply, world prices may decrease
The world oil price today (April 11) decreased slightly. Meanwhile, the domestic oil price in the adjustment period this afternoon is forecast to increase sharply.
In the domestic market, the selling prices of gasoline and oil from 3:00 p.m. today (April 11) will be applied according to the new price level.
Leaders of some key petroleum trading enterprises said that in today's management period, domestic retail gasoline prices may be adjusted to increase sharply.
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It is forecasted that from 3:00 p.m. today (April 11), gasoline prices will be applied at the new level. |
According to forecasts, if the management agency does not affect the Petroleum Price Stabilization Fund, domestic retail gasoline prices this afternoon may be adjusted up by 600-1,000 VND/liter, and oil prices will increase by 600-800 VND/liter. In case the Ministry of Industry and Trade and the Ministry of Finance jointly spend the Stabilization Fund, petroleum prices may increase less.
Thus, if the above forecast is correct, domestic gasoline prices will increase for the second consecutive time today.
In the world market, gasoline prices today continued to decline from yesterday. The prices of the two most popular types of oil in the world yesterday reversed and decreased after a week of strong increases of more than 5 USD/barrel.
* Domestic steel prices drop sharply by 310,000 VND/ton
After adjustment, steel prices of brands today are specifically as follows:
Steel prices in the North:According to SteelOnline.vn, the Hoa Phat steel brand has adjusted down, with 2 of the company's products including CB240 rolled steel from 15,960 VND/kg down to 15,660 VND/kg; D10 CB300 ribbed steel bar slightly decreased, from 15,990 VND/kg to 15,890 VND/kg.
Viet Y Steel has deeply reduced its selling price, CB240 rolled steel has decreased by 310 VND, down to 15,600 VND/kg; D10 CB300 steel has decreased by 410 VND, currently priced at 15,550 VND/kg.
Viet Sing Steel, both steel lines of the company decreased simultaneously, currently CB240 coil steel decreased by 400 VND, priced at 15,430 VND/kg; D10 CB300 ribbed steel bar is at 15,780 VND/kg - decreased by 210 VND.
Viet Duc Steel, with CB240 rolled steel decreased by 310 VND, down to 15,400 VND/kg; D10 CB300 ribbed steel decreased by 200 VND, priced at 15,760 VND/kg.
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| Domestic steel prices have dropped sharply since April 8. |
Steel prices in the Central region:Hoa Phat Steel adjusted down 300 VND and 100 VND respectively, corresponding to CB240 coil steel line to 15,580 VND/kg; D10 CB300 ribbed steel bar is priced at 15,790 VND/kg.
Viet Duc Steel, CB240 rolled steel line decreased by 300 VND, down to 15,760 VND/kg; D10 CB300 ribbed steel bar decreased by 200 VND, priced at 16,010 VND/kg.
VAS steel, with D10 CB300 rebar down 200 VND, currently priced at 15,530 VND/kg; CB240 coil steel at 15,380 VND/kg - down 300 VND.
Pomina steel has no fluctuations, currently CB240 coil steel is at 16,520 VND/kg; D10 CB300 ribbed steel bar is priced at 16,580 VND/kg.
Steel prices in the South:Hoa Phat Steel, with CB240 coil steel at 15,680 VND/kg - down 300 VND; D10 CB300 ribbed steel bar is currently priced at 15,930 VND/kg - down 100 VND.
VAS steel prices decreased by 300 VND across the board, CB240 coil steel is at 15,430 VND/kg; D10 CB300 rebar steel is priced at 15,530 VND/kg.
Tung Ho Steel, with CB240 coil steel at VND15,530/kg; D10 CB300 rebar steel at VND15,480/kg.
Pomina steel, with CB240 coil steel line at 16,680 VND/kg; D10 CB300 ribbed steel bar is priced at 16,680 VND/kg.