The Ministry of Industry and Trade has issued an action plan on implementing the strategy for the development of Viet Nam’s retail market to 2030, with a vision to 2050.

Viet Nam has reaffirmed its role in advancing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) by chairing key meetings that endorsed the bloc's expansion agenda and initiatives to strengthen cooperation amid an increasingly uncertain global trading environment.

The publication of the E10RON95-III base price began from this pricing period under Government Resolution No. 29/2026/NQ-CP, as part of efforts to align domestic fuel prices with global market developments and improve price management.

Minister of Industry and Trade Le Manh Hung on June 8 had a meeting with Eric M. Hambly, President and Chief Executive Officer of Murphy Oil - a US-based global energy corporation with more than 100 years of experience in oil and gas exploration and production across North America, Southeast Asia, Africa and other key regions worldwide, according to the Ministry of Industry and Trade (MoIT).

The policy aims to give businesses greater pricing flexibility while allowing regulators to focus on more widely consumed fuels such as petrol and diesel.

Prime Minister Le Minh Hung has instructed the Ministry of Industry and Trade (MoIT) to ensure there are no shortages of electricity or fuel under any circumstances to support efforts to achieve the double-digit growth target for this year.

The Ministry of Industry and Trade launched in Ha Noi on April 16 the Viet Nam National Brand Week 2026 and the national brand forum under the theme “Viet Nam National Brand in the New Era”, highlighting efforts to elevate the country’s competitiveness and global standing.

Importers brought in approximately 3.2 million cubic metres of fuel in March. Combined with current inventories of around 1.6–1.8 million cubic metres, this volume is expected to fully meet domestic demand until the end of April.

Viet Nam and Russia are expanding cooperation in trade, industry, and energy following a recent working session between Deputy Minister of Industry and Trade Phan Thi Thang and Dmitry Nikolaevich Makhonin, Governor of Perm Krai, the Ministry of Industry and Trade (MoIT) said on March 24.

Prime Minister Pham Minh Chinh has signed a dispatch outlining a series of tasks and solutions to accelerate export growth in 2026 amid mounting global uncertainties.

Amid sharp fluctuations in the global energy market, particularly due to conflict in the Middle East, the Fuel Price Stabilisation Fund has become a key instrument to ease domestic petrol and diesel prices. Its recent high-level drawdowns have helped cool the market and limit impacts on households, production, and business activities.

Prime Minister Pham Minh Chinh has issued an official dispatch, requesting stronger measures to ensure sufficient petrol supply for production, business activities and consumption by people and enterprises.

Vietnamese Acting Minister of Industry and Trade Le Manh Hung held a discussion with a group of US enterprises in the energy, industrial, and aviation sectors under the US – ASEAN Business Council (USABC) in Washington D.C. on February 2, the Ministry of Industry and Trade reported on February 4.

Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan has expressed hope that the upcoming sixth round of reciprocal tariff negotiations with the US, slated for next week, will deliver positive outcomes.

The Ministry of Finance and the Ministry of Industry and Trade announced the latest fuel price adjustment, effective from 3:00 pm on January 29, with most oil and petrol products seeing increases.

The Ministry of Industry and Trade (MoIT) is named the lead agency, with overall responsibility for the agreement’s general goals and definitions, trade remedies, non-tariff barriers to trade and investment in renewable energy, competition policies, State-owned enterprises, enterprises with special or exclusive rights and those with designated monopolies, as well as institutional, general and final terms.

E5RON92 petrol is sold at the maximum of 18,438 VND (0.7 USD) per litre, down 278 VND from the baseline price, and RON95-III at 18,917 VND per litre, down 89 VND.

The Ministry of Industry and Trade (MoIT) is set to launch its product traceability system at www.verigoods.vn on December 23, aiming to boost product information transparency, safeguard consumers, and promote sustainable business growth.

Prime Minister Pham Minh Chinh chaired a conference in Ha Noi on December 22 to announce and present a decision transferring Chairman of the Members’ Council of the Viet Nam National Industry - Energy Group (Petrovietnam) Le Manh Hung to the Ministry of Industry and Trade, where he was appointed Acting Minister.

According to data from the Agency for Domestic Market Surveillance and Development under the Ministry of Industry and Trade, e-commerce is playing a pivotal role in promoting the development of Viet Nam’s retail market. It not only contributes to revenue growth but also expands market access and promotes digital consumption.