12-07-2023 14:10
Alhough the petrol situation in Vietnam is stable at present, a lack of investment, market barriers, and poor planning could potentially result in a shortage in the coming months.
29-06-2023 18:15
Each litre of petroleum is subject to too many taxes, with burdens on businesses and consumers are increasing, according to industry experts.
12-05-2023 15:00
Vietnamese offshore support vessel service provider Hai Duong Petroleum and Marine Corporation (Haduco) and Malaysia’s oil and gas marine service provider RMS Synergy Sdn Bhd (RMS) on May 11 signed a cooperation deal in Kuala Lumpur to form a joint venture between the two companies.
24-04-2023 12:29
The Ministry of Industry and Trade (MoIT) informed the National Assembly's Economic Committee on April 21 that petrol retailers will be able to obtain products from multiple suppliers, including distributors and wholesalers, as opposed to the current sole source.
20-04-2023 17:21
The modification of petrol business regulations should consider the reasonable interests of all parties, according to government leaders.
31-03-2023 17:49
Deputy Prime Minister Tran Hong Ha has said the $11.5 billion investment capital needed to establish a petroleum reserve infrastructure system by 2030 will see the majority of the funding come from outside the federal budget.
15-03-2023 12:15
The petitions concern the alteration of petroleum business restrictions in decrees No.83/2014/ND-CP and No.95/2021/NQ-CP, resulting in losses for retail establishments.
09-03-2023 10:21
Petrol retailers and industry insiders are calling for a change in the state management of fuel to ensure businesses can stay afloat.
01-03-2023 09:00
The Ministry of Industry and Trade (MoIT) has suggested seven provisions to secure the petroleum supply, including an increase in the national petroleum reserve from nine to fifteen days of net imports.
23-02-2023 10:27
Petrol retail enterprises have struggled to keep their operations profitable as disruptions in the supply chain continue to persist.
30-01-2023 18:36
In 2022, Vietnam imported 8.87 million tonnes of petroleum, worth $8.97 billion, a sharp increase of 27.7 per cent year-on-year in volume and an increase of 118.5 per cent in value.
07-01-2023 19:00
Highly volatile petroleum prices in the global market and the fact that the current domestic supply can only meet about 70 per cent of the demand have underlined the need for more refineries in the country.
29-12-2022 09:00
Vietnam’s plan to raise its crude oil reserves to 2.2 million tonnes by 2025 will be an uphill task, even though the country’s production output is currently reaching 340,000 barrels per day.
06-12-2022 09:35
Due to the fluctuations in the global energy market that could last until next year, the Ministry of Industry and Trade (MoIT) is making efforts to ensure the supply of petroleum products in the domestic market.
27-11-2022 16:20
Petrolimex, the petroleum distributor for the domestic retail market, has adjusted its profit target to one-tenth of the original forecasts.