A different perspective on Vietnam’s economy and doing business in Vietnam. Make sure to  subscribe.

AI, machine learning used to forecast petrol price in Vietnam?

Vietnam Petroleum Institute (VPI) a part pf PetroVietnam, is apparently using machine learning and AI to predict Vietnam’s petrol price, Vietnam Plus is reporting

Eds note: It’s unclear how or why this might be–petrol prices set by the Ministry of Industry and Trade and the Ministry of Finance based on a mathematical formula outlined in Decree No: 83/2014/ND-CP. The point being, that this could be achieved with an excel spreadsheet–using machine learning and AI feels like overkill.

get the latest news sent straight to your inbox
New! Vietnam Economic Snapshot
April 2025
Vietnam
Labour Market Report
Q1 2025
Help Wanted: Business Development Manager (Freelance) ​

We’re looking for a self-starting freelance Business Development Manager to help shape and grow the-shiv’s commercial strategy. You’ll be responsible for identifying new revenue opportunities, pitching services, and building partnerships.

Read more...