VCSC Daily - 10% Gasoline price hike may dampen market sentiment – Direct impact on CPI from gasoline adjustment is about 0.37% – Market plunge early but investors jump back in to pare losses – Vietnam Government bond rise on expected 1% cut on policy ra

• 07 Mar 2012
• Market Commentary

10% gasoline price hike may dampen market sentiment. Prices at the pump will increase by VND2,100 per litre (+10%) effective 4PM Wednesday afternoon. The adjustment did not surprise us as retail prices were 9.6% lower than cost. Although the public was fo