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fuel

Petrol prices fall for second consecutive adjustment

Petrol prices fall for second consecutive adjustment

This marks the second consecutive in domestic RON95 prices, which have now reached their lowest level in four years.
Government orders orders final review of fuel trade rules

Government orders orders final review of fuel trade rules

The Standing Committee of the Government of Việt Nam has assigned the Ministry of Industry and Trade to thoroughly review and regulate the rights of fuel distributors to trade with one another in accordance with the law.
Vietjet, OpenAirlines partner to optimise flight fuel efficiency

Vietjet, OpenAirlines partner to optimise flight fuel efficiency

Vietjet will be the first airline in Việt Nam to adopt SkyBreathe®, an innovative platform that leverages AI, big data algorithms and machine learning to analyse numerous flight data and optimise fuel usage.
Green lifestyle changes drive people towards ethanol fuel

Green lifestyle changes drive people towards ethanol fuel

Government incentive policies, promotions by influential figures and growing responsibility towards the environment is causing people to embrace green lifestyles, including the use of ethanol fuels.
Several regulations should be removed: MoIT

Several regulations should be removed: MoIT

Several regulations on fuel trading activities should be removed, said the Ministry of Industry and Trade in a draft plan to streamline the legal framework and business operations for 2025.
Economists call for establishment of a fuel exchange

Economists call for establishment of a fuel exchange

Economists and industry experts have been calling for the establishment of a fuel exchange in Việt Nam, saying it will reduce monopolies and opportunities for domestic and foreign businesses.
Fuel businesses and consumer rights must go hand-in-hand

Fuel businesses and consumer rights must go hand-in-hand

Fuel prices remain a thorny issue for regulators, mainly on how to calculate retail prices with the Ministry of Industry and Trade (MoIT) saying the central government does not want to impose pricing, but it will take actions to ensure...
Fuel prices see second cut this month

Fuel prices see second cut this month

The Ministry of Industry and Trade and the Ministry of Finance on July 18 announced the second consecutive reduction in domestic fuel prices this month.
Surge in Petrolimex and PV Oil shares following new draft decree on fuel trading

Surge in Petrolimex and PV Oil shares following new draft decree on fuel trading

At the end of March, the Ministry of Industry and Trade unveiled a draft decree on fuel trading and investors were quick to assess that it will be good news for the primary fuel trading companies.
Việt Nam officially joins sustainable aviation fuel club

Việt Nam officially joins sustainable aviation fuel club

By successfully completing flight VN660 from Singapore to Hà Nội using SAF, Vietnam Airlines has taken a bold step towards fostering greener practices within the industry.
Construction of biomass fuel plant project started in Tuyên Quang Province

Construction of biomass fuel plant project started in Tuyên Quang Province

It is expected that the plant will be put into operation in 2025, contributing to creating jobs for people and promoting economic recovery in Tuyên Quang Province.
MoIT rolls our measures to prevent fuel shortage in 2024

MoIT rolls our measures to prevent fuel shortage in 2024

The ministry, this year, will be focusing on maintaining minimum trade reserves, fulfilling tax obligations, and effectively managing and utilising fuel stabilisation funds.
Emirates worlds first airline to operate A380 demonstration flight with 100% SAF

Emirates world’s first airline to operate A380 demonstration flight with 100% SAF

The flight took off from Dubai International Airport (DXB) with one of four engines powered on 100 per cent SAF, helping demonstrate its potential as a -in replacement that matches jet fuel’s technical and chemical requirements, while being a more...
MoF proposes fuel tax cut for 2024

MoF proposes fuel tax cut for 2024

The tax cut has been praised by economists and the business community as one of the more practical and most efficient support policies by the government for economic recovery post-COVID-19.
Striving for petrochemical progress: Petrovietnams key endeavour

Striving for petrochemical progress: Petrovietnam's key endeavour

Prof. Dr. Sc. Hồ Sĩ Thoảng, former Chairman of Board of Directors of the Vietnam National Oil and Gas Group (Petrovietnam), engaged in a discussion with Năng Lượng Mới (Vietnam Energy) Magazine, addressing a range of compelling topics concerning new...