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Update news petrol
Finance Ministry proposes reduced tax for import petrol
The Ministry of Finance (MoF) has proposed the Government cut the most favoured nation (MFN) tariff for unleaded petrol from the current rate of 20 per cent to 12 per cent.
Central province warns of petrol surplus, calls for import cuts
Since August 3, the Binh Son Refinery and Petrochemical Joint Stock Company, one of the country's largest petrochemical enterprises, has been forced to operate at 90 per cent capacity, its minimum technical efficiency.
BUSINESS IN BRIEF 11/3
Petrol, oil prices kept unchanged in latest regular adjustment, Vietnamese fruits popular in Japan, New rules set for operation of foreign trade promotion agencies, CPTPP to open up opportunities for Canada-Vietnam cooperation
Petrol, power push up CPI in January
The consumer price index (CPI) in January rose by 0.51 per cent over the previous month and 2.65 per cent over the same month last year.
Vietnam’s housing, petrol, electricity one of lowest in world
VietNamNet Bridge – Ministries and branches, in response to the heavy criticism from the public that their mismanagement has led to a higher consumer price index, said that the goods prices in Vietnam are lower than many other countries.
FIEs’ distribution right makes Vietnamese businesses anxious
Once foreign invested enterprises (FIEs) are given the right to distribute some important products in the domestic market, a lot of Vietnamese businesses would have to leave the market. However, this would benefit consumers.
BUSINESS IN BRIEF 2/12
Life insurance market to surpass annual growth target; Regional forum tackles petrol woes; Soc Trang provides sweeping opportunities for wind power; Can Tho intensifies IP construction
Petroleum distributors claim self-determination in pricing policy
Petroleum enterprises have launched a new campaign to ask for the right to determine the retail petrol prices themselves, saying that the market rules need to be applied in a market economy.
Dong Thap: Director arrested for smuggling nearly 6,000 tons of oil
VietNamNet Bridge - Nguyen The Dung, chairman and CEO of the State-owned Dong Thap Oil and Gas Trading Company (Petimex) was arrested on August 27 for investigation of smuggling.
BUSINESS IN BRIEF 3/1
Vinacomin implement next year's production plan; Dragonfruit association denies price-fixing; Petroleum prices cut by up to 2 cents; Housing prices might be even lower next year; Malaysian petrol distributor buys Vietnamese companies
Petrol smugglers face charges
The Anti-Smuggling and Investigation Department under the General Department of Viet Nam Customs has found firm evidence to prosecute the Viet Nam Air Petrol Company (Vinapco) for tax evasion involving billions of Vietnamese dong.
