The bigs new of the day was the lifting of prices for fuel in Vietnam by the government and the fears of inflation that may result. The dollar is fetching a higher price in the black market again.
Umm, I do not think they made a smart move here especially with a population that is still young to market economics. I expect my sinh to, pho, cafe sua da, etc., to be increased another 1000-2000 VND in the next couple of days.
- Vietnam lifts fuel prices, raises inflation risk
- Petrol price surges to VND19,000/litre, dollar price skyrockets
For a funny news link, the Vietnamese Coast Guard seized about 4 tons of rusty Vietnam War-era bullets from fishermen. The fishermen wants to sell the bullets as scrap metal.