Only 20-30 out of 16,000 filling stations nationwide have stopped selling petrol amid reports that fuel was running out, which has prompted people to rush to buy petrol for hoarding.

Domestic petrol prices hit an 8-year high after the Ministry of Industry and Trade (MoIT) adjusted the retail prices up by around 3.9 per cent on Friday – its third consecutive increase this year and the fourth in a row.

A representative of the Ministry of Industry and Trade (MoIT) has confirmed that Vietnam has a sufficient supply of fuel for local use and offers solutions if a shortage occurs in the market.

The Nghi Son refinery will reduce capacity and may stop operating from mid-February 2022, causing concerns about a lack of supply for the domestic market.

More than 100 foreign experts who are coming to work at Nghi Son Oil Refinery in Thanh Hoa Province will be quarantined.

VietNamNet Bridge - 100 percent foreign-owned filling stations and the sale of a stake in petroleum companies by the state have not been enough to create a competitive petroleum market.

The People’s Committee of central Thanh Hoa Province has allowed the Nghi Son Refinery and petrochemical limited liability company to release waste water into the sea, 

 Waste water from the Nghi Son Refinery and Petrochemical LLC is suspected to have killed nearly 50 tonnes of farmed fish in Thanh Hoa Province earlier this month.

 VietNamNet Bridge - Multi-billion USD refinery projects are being implemented very slowly while the operating Dung Quat oil refinery project has constantly asked the Vietnamese government for support and incentives.