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Wholesale petroleum firms deciding their selling prices may cause unfair competition

Wholesale petroleum firms deciding their selling prices may cause unfair competition

The Ministry of Industry and Trade (MoIT) is drafting a decree to replace current decrees on petroleum business, including Decree 83 in 2014, Decree 95 in 2021 and Decree 80 in 2023.
Việt Nam spent nearly 1 billion on gasoline imports in 8 months

Việt Nam spent nearly $1 billion on gasoline imports in 8 months

It gained 19 per cent in volume and 36.8 per cent in value. 
Opinions differ over fairness of domestic petroleum prices

Opinions differ over fairness of domestic petroleum prices

According to Global Petrol Prices, the average price of gasoline in Việt Nam was the 38th cheapest among 168 economies as of August 14.
Ministry reduces import taxes on gasoline and oil

Ministry reduces import taxes on gasoline and oil

The Ministry of Finance (MoF) has just announced the reduction of the gasoline import tax to 5.62 per cent while increasing the standard cost of the gasoline base price by VND30 per litre.
VCCI repeats proposal on removal of excise tax on gasoline

VCCI repeats proposal on removal of excise tax on gasoline

The Vietnam Chamber of Commerce and Industry has made a renewed call for the Ministry of Finance to eliminate the special consumption tax (excise tax) on gasoline.
MoF continues to consider adjusting costs of petrol: expert

MoF continues to consider adjusting costs of petrol: expert

The Ministry of Finance (MoF) is taking steps to stabilise domestic gasoline prices and supply while removing difficulties for petroleum traders, said Nguyen Tien Minh Director of the MoF’s Price Management Department.
MoIT rejects rumour of gasoline price hitting VND100,000 per litre

MoIT rejects rumour of gasoline price hitting VND100,000 per litre

The Ministry of Industry and Trade (MoIT) rejected a rumour that gasoline price could go as high as VND100,000 (US$4) per litre after it was circulated on a number of social media platforms. 
Special consumption taxes on gasoline to stay in place: MoF

Special consumption taxes on gasoline to stay in place: MoF

Việt Nam''s special consumption taxes on gasoline remains at 10 per cent (8 per cent for E5 and 7 per cent for E10). 
High prices trouble people and businesses

High prices trouble people and businesses

According to experts, as input costs for raw materials, labour and gasoline price rises, incomes have stagnated or even decreased.
Massive counterfeit gasoline ring busted in Ba Ria - Vung Tau, company director arrested

Massive counterfeit gasoline ring busted in Ba Ria - Vung Tau, company director arrested

Police on Monday (June 20) arrested the director of a company in the southern province of Ba Ria - Vung Tau for being involved in a massive fake gasoline ring in the province.
Prices of livestock, poultry, eggs in HCM City to increase

Prices of livestock, poultry, eggs in HCM City to increase

The prices of livestock, poultry and eggs in HCM City will increase by 2-12 per cent due to increasing domestic gasoline prices from April 1.
Businesses struggling due to high gasoline prices

Businesses struggling due to high gasoline prices

Many businesses are struggling because of high gasoline prices.
Deputy PM urged to stabilise gasoline supply

Deputy PM urged to stabilise gasoline supply

Deputy Prime Minister Le Van Thanh has asked the Ministry of Industry and Trade (MoIT) to promptly conduct inspections to prevent illegal hoarding of petrol for profit.
Prices increase despite pandemic restrictions easing

Prices increase despite pandemic restrictions easing

There is concern that the sharp increase in raw material prices will soon affect product prices.
Gasoline prices to be adjusted every 10 days in response to global fluctuations

Gasoline prices to be adjusted every 10 days in response to global fluctuations

The Ministry of Industry and Trade and Ministry of Finance will adjust gasoline prices every ten days, to help keep domestic gasoline prices in line with global fluctuations, according to industry insiders.