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Fuel retailers falsify accounts to evade tax: government inspectors

Fuel retailers falsify accounts to evade tax: government inspectors

Some fuel retailers fudged their sales figures for years to avoid paying environmental tax while others owe large amounts in back taxes, according to the Government Inspectorate.
Gasoline prices drop

Gasoline prices drop

Xuyen Viet Oil's violations expose gaps in fuel sector

Xuyen Viet Oil's violations expose gaps in fuel sector

Fuel prices plunge to four-month low

Fuel prices plunge to four-month low

RON95 gasoline and diesel prices on Thursday afternoon both dropped to the lowest since July 21.
December 7, 2023 | 03:15 am PT
Electronic bill upgrade unnecessary, costly: fuel retailers

Electronic bill upgrade unnecessary, costly: fuel retailers

Upgrading to a new electronic bill system that allows real-time sales updates to the government is a costly and unnecessary process, fuel retailers say.
December 5, 2023 | 01:12 am PT
Digitization may close gas stations

Digitization may close gas stations

Gasoline retailers might have to shut down if they are forced to rapidly transition from paper to digital bills without enough time, according to the Ministry of Industry and Trade.
November 17, 2023 | 06:16 pm PT
Gasoline retailers call on PM help as business yield little profit

Gasoline retailers call on PM help as business yield little profit

Hundreds of gasoline retailers have called on Prime Minister Pham Minh Chinh for help as they have not received any profit in recent times.
October 29, 2023 | 09:00 pm PT
Diesel price continues to rise

Diesel price continues to rise

Diesel price went up 1.81% to VND23,050 per liter on Monday, continuing its climb which began four months ago.
September 11, 2023 | 01:11 am PT
Gasoline prices rise

Gasoline prices rise

Gasoline prices rose by around 2.4% while diesel prices dropped marginally on Thursday afternoon.
June 1, 2023 | 01:32 am PT
Fuel prices rise after 6-week decline

Fuel prices rise after 6-week decline

Gasoline and diesel prices on Monday gained for the first time since April 11.
May 22, 2023 | 12:56 am PT
Gasoline prices drop to near four-month low

Gasoline prices drop to near four-month low

Gasoline prices on Thursday fell by more than 5% to the lowest since mid-January.
May 4, 2023 | 12:35 am PT
Vietnam needs $11.5B to upgrade national fuel reserves

Vietnam needs $11.5B to upgrade national fuel reserves

Vietnam needs VND270 trillion ($11.5 billion) to upgrade its national fuel reserves by 2030 as the current capacity is considered thin and could lead to shortages.
March 31, 2023 | 04:54 pm PT
Gasoline prices fall

Gasoline prices fall

Gasoline prices dropped for the second time in two weeks.
March 1, 2023 | 12:23 am PT
Planning ministry dismisses demands for minimum commissions for fuel retailers

Planning ministry dismisses demands for minimum commissions for fuel retailers

The Ministry of Planning and Investment has brushed off demands for fixing minimum commissions for fuel retailers as it sees this as interference with the market.
February 20, 2023 | 10:47 pm PT
Embattled Vietnam Airlines to sell stake in fuel distributor Skypec

Embattled Vietnam Airlines to sell stake in fuel distributor Skypec

Vietnam Airlines is looking for a consultancy to help it sell a stake in fuel distributing subsidiary Skypec amid the threat delisting from the stock market for making losses.
February 5, 2023 | 07:15 pm PT
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