Ministry urges power, fuel suppliers to be transparent
The directive 11/CT-BCT
dated April 22, 2014 is aimed at enhancing transparency in electricity
and petroleum business activities.
According to the directive, electricity and petrol are essential goods that have a heavy impact on the lifestyles of people.
In
keeping with the Prime Minister Nguyen Tan Dung's instructions,
Minister of Industry and Trae Vu Huy Hoang has requested the EVN, the
Electricity Regulatory Authority of Vietnam (ERAV), and other agencies
to swiftly implement the directive.
He also asked for the input of factors used for price calculations.
Accordingly,
the EVN will have to publish electricity tariffs and list changes in
input factors, production costs, average basic prices, and retail
prices.
The group will also have to publish audited financial
reports, business results, and production costs, which should be clearly
broken down into power generation, transmission, distribution, and
retail.
In accordance with the directive, the minister urged
Petrolimex and other relevant agencies to publish as soon as possible
petrol prices, factors for defining prices along with the usage and
management of the petrol stabilisation fund.
Both the EVN and
Petrolimex will also have to publish details about their financial
situation, the effectiveness of using State-owned capital and workers'
average incomes, including the salaries and bonuses of their leaders.
The information will be declared once a month on the ministry's website.
The
ministry also asked the Domestic Market Department and the Vietnam
National Oil and Gas Group (PVN) to publish information on world petrol
prices, a list of wholesalers, and retail prices. Its Financial
Management Department was instructed to biannually publish production
and business results for the EVN and Petrolimex and to closely supervise
the financial situation of the two groups.-VNA