HCMC – Deputy Prime Minister Bui Thanh Son has signed a directive to accelerate the production, blending, distribution, and use of biofuels to strengthen energy security and support the country’s net-zero emissions target by 2050.
Directive No. 07/CT-TTg, signed on February 26, requires ministries, local authorities, and businesses to implement coordinated measures to expand the biofuel market and ensure a stable supply.
The directive noted that Vietnam has made progress in implementing its biofuel blending roadmap under Decision 53/2012/QD-TTg. However, biofuel consumption remains below planned targets, reported the Government news website (baochinhphu.vn).
The Ministry of Industry and Trade will lead the development of a detailed roadmap and ensure a stable domestic supply of biofuel products. It will also oversee investment in production projects and supervise the import, blending, distribution, and sale of biofuels, including E5 and E10 gasoline.
The ministry will work with the Ministry of Finance to propose policies on pricing, taxes, fees, and financial incentives to encourage biofuel production and consumption. It will monitor supply and demand and adjust blending ratios when necessary under its authority.
The Ministry of Finance will review and propose investment incentives for biofuel projects and revise tax and fee policies related to biofuel materials and products. It will also develop mechanisms to monitor the effective use of financial resources linked to greenhouse gas reduction goals.
The Ministry of Science and Technology is tasked with updating national technical standards and quality regulations for biofuels, including E10 gasoline, and simplifying administrative procedures related to blending.
The Ministry of Agriculture and Environment will develop sustainable raw material areas, prioritizing non-food crops, agricultural by-products, and organic waste.
Provincial and municipal governments are told to implement blending plans, support investment in production and distribution infrastructure, and monitor compliance with supply and quality regulations.
Businesses are encouraged to prioritize domestically produced unleaded gasoline and E100 ethanol for blending to ensure a stable market supply.
Ministries, agencies, and local authorities must submit annual reports on implementation progress to the Ministry of Industry and Trade before December 10 each year for reporting to the prime minister.
