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Vietnam to scrap crude oil import tax

Vietnam will remove the current five percent import tax on crude oil imports starting November 1 as domestic supply dwindles.

Petrolimex reports increase in profits

Petrolimex, Vietnam’s biggest petroleum retailer, has reported an 8 percent year-on-year increase in pre-tax profits in the first 6 months.

Binh Son refinery buys first Nigerian crude cargo

Vietnam’s Binh Son Refining and Petrochemical has bought one million barrels of Bonny Light crude in its first-ever import of Nigerian crude. 
August 30, 2019 | 03:52 pm GMT+7

Vietnam mulls zero tariff on oil, mineral imports

Vietnam is considering scrapping import tariffs on crude oil and minerals.
February 19, 2019 | 02:03 pm GMT+7

Dung Quat oil refinery seeks same treatment from government as rival

Authorities in central Quang Ngai Province want more concessions for their Dung Quat oil refinery to match those given to a competitor.
November 07, 2018 | 03:09 pm GMT+7

Vietnam Jan-Oct coffee exports seen up 21.5 pct, rice to grow 3.4 pct

Vietnam’s coffee exports grew 21.5 percent and rice exports 3.4 percent year-on-year in the first ten months, government data showed on Monday.
October 29, 2018 | 11:16 am GMT+7

Vietnam urged to cut dependence on crude oil

A prime ministerial advisory body has said the state budget is overly dependent on crude oil, an unsustainable income source.
October 19, 2018 | 10:46 am GMT+7

Nghi Son refinery seeks permit to export petroleum products

Nghi Son has sought a license to export a few hundred tons of petroleum products at market prices, the trade ministry has confirmed.
September 03, 2018 | 08:05 pm GMT+7

Analysis: Southeast Asia's illegal fuel market

Analysts estimate about 3 percent of Southeast Asia's consumed fuel is sourced illegally, worth $10 billion a year.
January 18, 2018 | 07:00 pm GMT+7

Vietnam inks crude oil supply deals with SOCAR, Glencore

Glencore Singapore will supply 2 million barrels of crude per month to Dung Quat between 2017 and 2021.
December 08, 2017 | 11:40 am GMT+7

Sinking oil output should make Vietnam focus on tourism for economic growth: deputy PM

'It is better to welcome 1 million tourists than trying to find 1 million tons of crude oil.'
October 24, 2017 | 05:53 pm GMT+7

PetroVietnam denies bleeding red ink on crude oil sales to China

The group dismisses data from Vietnam Customs as incorrect, and says that Chinese buyers are actually paying more than other markets.
September 19, 2017 | 10:56 am GMT+7

Vietnam crude oil imports to hit record as refinery gets ready to start

August will mark the first month on record in which Vietnam is a net importer of crude oil.
August 18, 2017 | 04:25 pm GMT+7

Vietnam plans to spend over $6 bln for crude oil, fuel storage

The country wants to enhance its energy security as crude imports have jumped while domestic production is on the decline.
July 28, 2017 | 02:37 pm GMT+7

Vietnam plans to top up oil reserves in bid to improve energy security

The move would help the country enhance its energy security.
July 20, 2017 | 12:06 pm GMT+7
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