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Petrolimex seeks to invest in oil refinery in Japan

HCMC –  At a teleconference chaired by Prime Minister Pham Minh Chinh on March 24, the Vietnam National Petroleum Group (Petrolimex) proposed the prime...

Reduction in environment tax on fuel to enter into force from April 1

HCMC – The National Assembly (NA) Standing Committee has approved the Government’s proposal to cut the environmental protection tax on fuel from April 1,...

Deputy PM says oil refinery will be built in Vung Tau

HCMC – The Government is planning to develop an oil refinery with an annual capacity of 10 million tons of fuels in Ba Ria-Vung...

Fuel prices soar to all-time highs

HCMC – Domestic fuel prices soared for the seventh straight time, with effect from 3 p.m. today, March 11, amid global oil market volatility. The...

Finance Ministry okays large reduction of environmental protection tax on fuel

HCMC – After garnering feedback on adjusting the environmental protection tax on fuel, the Ministry of Finance on March 10 approved cutting the tax...

Vietnam to import 2.4 million cubic meters of fuel in Q2

HCMC — The Ministry of Industry and Trade has decided to ramp up fuel imports and asked 10 firms to import 2.4 million cubic...

PM asks ministries to weigh fuel tax cut

 Prime Minister Pham Minh Chinh has ordered the Ministries of Finance and Industry-Trade to prepare a study on the reduction of environmental protection tax...

Several filling stations fined for suspension without permits

HCMC – Tens of gas stations have been fined for hoarding fuel or suspending operations without permits, while several are facing a revocation of...

Trade Ministry to inspect major fuel suppliers

HCMC – The Ministry of Industry and Trade will launch unannounced inspections of major oil and petroleum suppliers amid fluctuations facing the fuel supply...

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