VINPA asks for petroleum protection Business

VINPA asks for petroleum protection

The Vietnam Petroleum Association (VINPA) has proposed to establish commercial barriers to protect local firms once import duties on fuel products are gradually reduced to zero percent.
Experts debate new gas environment tax Business

Experts debate new gas environment tax

Experts have called on the Ministry of Finance to be considerate and transparent with their plan to spend the environmental protection tax applied on gasoline, which they have just proposed to double.
Oil exploitation exceeds Q1’s target Business

Oil exploitation exceeds Q1’s target

The Vietnam National Oil and Gas Group (PVN) produced about 6.45 million tonnes of crude oil in the first quarter of this year, exceeding its three-month plan by 5 percent.
Gasoline prices slightly drop Business

Gasoline prices slightly drop

The domestic retail price of RON 92 petrol and E5 bio-fuel dropped by 76 VND and 58 VND per litre, respectively, from 15:00 on March 6.
Environmental protection tax hike hurts firms Business

Environmental protection tax hike hurts firms

The Finance Ministry (MoF)’s proposal to almost triple the environmental protection tax on oil and gas consumption would reduce businesses’ competitiveness against foreign firms, according to VCCI.
Momentum wanes on VN-Index Business

Momentum wanes on VN-Index

Shares edged down on February 9 on the HCM Stock Exchange as leading stocks lost growing momentum on the back of a lack of support information.
Ministry proposes tax hike on petroleum Business

Ministry proposes tax hike on petroleum

The Ministry of Finance has proposed, in a draft law, almost tripling the environmental protection tax on oil and gas consumption from the current 3,000 VND (0.13 USD) to 8,000 VND per litre. The draft will be submitted to the Government for approval in June and the National Assembly in October.
Petrol price cut, oil price increased Business

Petrol price cut, oil price increased

The price of RON92 gasoline was slashed by 341 VND to 16,168 VND per litre on the afternoon of June 20, as under a joint decision by the Ministries of Industry and Trade, and Finance.