Vietnam to import additional petroleum and adjust tax

Vietnam to import additional petroleum and adjust tax

Increasing petroleum imports and raising related taxes is deemed an effective solution to offset the shortfall in domestic output.
PetroVietnam:  a bright spot in Vietnam’s first-half development picture

PetroVietnam: a bright spot in Vietnam’s first-half development picture

Despite the adverse implications of COVID-19, state-owned oil and gas group PetroVietnam has outperformed almost all business targets set for the first half.
Malaysia's Hibiscus Petroleum Berhad makes its foray into Vietnam

Malaysia's Hibiscus Petroleum Berhad makes its foray into Vietnam

Malaysian company Hibiscus Petroleum Bhd announced that its subsidiary had inked a deal with a Spanish energy company to acquire upstream assets in Vietnam.
Local petroleum firms forecast plunging revenue in 2020

Local petroleum firms forecast plunging revenue in 2020

Pressed by COVID-19 and the oil price war between Russia and the OPEC, local petroleum manufacturers expect great plunges in revenue.
Petroleum giant seeks further gains

Petroleum giant seeks further gains

Vietnam’s largest oil producer and its subsidiaries recorded robust growth in the first 10 months of 2018, and hopes to sustain ­momentum through revisions to the legal framework on oil and gas, ­especially the Law on Petroleum.
Diverging outcomes anticipated among listed petroleum firms

Diverging outcomes anticipated among listed petroleum firms

Amid positive fundaments in the second half, listed petroleum firms are looking at dissimilar prospects depending on their specific fields of operations.
Refinery enjoys breakthrough

Refinery enjoys breakthrough

A flagship $3.1 billion oil refinery in central Vietnam has been green lighted to double its scale.
Petrolimex in the spotlight

Petrolimex in the spotlight

Petrolimex is on the State Audit’s radar screen.
Fuel price hike not the only choice: experts

Fuel price hike not the only choice: experts

Import tax cut and the suspension of stabilisation fund feeding will help preventing local retail prices of fuel from rising too much, said experts.
Fuel prices to go up by VND1,000 per litre

Fuel prices to go up by VND1,000 per litre

The retail prices of petroleum products are expected to rise by some VND1,000 a litre today, Wednesday, said a senior state official.
Vietnam not to apply sharp petrol price cuts

Vietnam not to apply sharp petrol price cuts

Despite the recent fall in the import price of petroleum products, price cuts will not be as sharp as price hikes, said the Ministry of Industry and Trade.
Ministry announces petroleum products’ price hike

Ministry announces petroleum products’ price hike

The Ministry of Finance has issued a document revising the price of local petroleum products upwards starting at 4pm today.
No escaping environmental protection tax

No escaping environmental protection tax

The Law on Environmental Protection Tax will come into force from January 1, 2012. General Department of Taxation deputy chief Cao Anh Tuan tells VIR how the landmark law will impact on firms and consumers.
Fueling the pricing debate

Fueling the pricing debate

Deputy minister of Industry and Trade Nguyen Cam Tu recently told VIR setting petroleum prices based on market rules might not immediately bring order to the petroleum market.
Petrolimex works to keep nation moving

Petrolimex works to keep nation moving

Petroleum trading needs to be based on market rules to ensure healthy performance, Petrolimex deputy general director Vuong Thai Dung tells VIR.
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