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NEWS UPDATES Asean Affairs        30  March 2011

Vietnam raises fuel prices

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Vietnam has raised fuel prices by up to 15 percent, adding to soaring inflation as the government tries to battle smuggling of the subsidized product.

The diesel price has increased by 15 percent to 21,100 dong (US$1) per liter and the gasoline price by 10 percent to 21,300 dong (US$1.01) per liter.

The increase announced by the Ministry of Finance late Tuesday takes fuel prices to record levels. It is the second big hike in more than a month.

Fuel is subsidized in Vietnam and the government makes up the losses for importers. The ministry said fuel prices in Vietnam were 33 cents cheaper than neighboring countries before the hikes, contributing to fuel smuggling.


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ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 

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