Most regulations on conditional business lines are consistent and practical. However, some contains so much technical details that cause great compliance burdens on firms, exposing the need for a revision.
Retail petroleum businesses have asked to stop contributing to the petrol price stabilisation fund, increasing the commission to reduce losses and permanently withdrawing the license of unprofitable retailers.
Despite a volatile market that caused stocks to in recent months, the prospects for shares in the three largest Vietnamese petrol retailers remains positive for 2018, according to Viet Capital Securities Corp (VCSC).
The ministries of Finance and Industry and Trade unexpectely agreed for
petrol retailers to increase prices by VND460 per litre to the record
high VND24,570 from 8pm on Wednesday.