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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Monday, April 14, 2025

Trade Ministry forms three fuel inspection teams

The Saigon Times

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HCMC – Due to the recent fuel supply disruptions, the Ministry of Industry and Trade has decided to establish three inspection teams to look into the operations of fuel trading businesses.

The inspection teams — one in the north of the country, one in the center and one in the south — will coordinate with the relevant authorities to check whether petrol businesses, including traders, agents and retailers, are complying with the current regulations.

The inspections should not cause any inconvenience to businesses, especially those conducting normal business operations and complying with the law. The inspection teams will focus on those entities failing to adhere to the regulations, show signs of violation and ignore their obligations over petrol supply.

According to the Ministry of Industry and Trade, there is currently no shortage of fuel supply on the market at the moment. But some businesses are selling moderate amounts of fuels due to concerns over losses though they have sufficient stock to meet consumers’ demand.

The inspections are intended to pinpoint the reasons for the recent fuel supply disruptions, and the ministry will come up with coping solutions.

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