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Gasoline motorcycle sales down as electric bikes gain popularity

Gasoline motorcycle sales down as electric bikes gain popularity

Traditional motorbike sales were down 3.87 percent to 3.25 million last year, according to the Vietnam Association of Motorcycle Manufacturers.
Nghi Son Refinery occupies third of domestic petroleum market

Nghi Son Refinery occupies third of domestic petroleum market

Vietnam’s second oil refinery produced 4.6 million tons of petroleum in its first year running, or about 33 percent of domestic consumption.
December 12, 2019 | 02:30 am PT
Petrolimex reports increase in profits

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.
September 3, 2019 | 05:28 pm PT
Biofuel fails to make a difference in Vietnam, consumption drops

Biofuel fails to make a difference in Vietnam, consumption drops

After being introduced as a more environmentally friendly option in late 2017, E5 biofuel consumption has fallen.
May 13, 2019 | 01:30 am PT
Electricity and petrol price hikes pushing inflation up

Electricity and petrol price hikes pushing inflation up

The latest petrol and power price hike have directly impacted April’s consumer price index, the General Statistics Office (GSO) says.
May 7, 2019 | 07:20 pm PT
Central island running out of gas following tanker ban

Central island running out of gas following tanker ban

Ly Son Island residents are hunting for petrol after the island's tankers were banned from sailing on safety considerations.
April 20, 2019 | 10:20 pm PT
Petrol shortage fuels discontent among distributors

Petrol shortage fuels discontent among distributors

Some petroleum distributors are grumbling about getting only 50 percent of demand after Vietnam’s biggest refinery halted production early 2019. 
March 26, 2019 | 09:13 pm PT
Vietnam’s latest fuel price hike spikes inflation concerns

Vietnam’s latest fuel price hike spikes inflation concerns

Last weekend’s increase in fuel prices has stoked fears that Vietnam might not meet its 2018 inflation target.
October 7, 2018 | 11:13 pm PT
Vietnam's Nghi Son oil refinery offers first gasoline cargo for export

Vietnam's Nghi Son oil refinery offers first gasoline cargo for export

Vietnam’s Nghi Son oil refinery has offered its first gasoline export cargo, the plant’s owner said on its website.
September 20, 2018 | 08:23 pm PT
Vietnamese concerned as biofuel proposed to replace traditional fuel

Vietnamese concerned as biofuel proposed to replace traditional fuel

People fear that they are being forced to buy a product they are not interested in.
May 4, 2018 | 09:05 pm PT
Fuel tanker erupts in giant explosion in northern Vietnam

Fuel tanker erupts in giant explosion in northern Vietnam

According to an initial investigation, a fuel pump malfunctioned, causing the explosion.
March 10, 2018 | 10:46 pm PT
Vietnam plans to increase environment tax on petroleum products

Vietnam plans to increase environment tax on petroleum products

The tax hike would add $690 million to the state coffers if approved.
February 23, 2018 | 12:35 am PT
Thais, Cambodians caught smuggling diesel oil in Vietnam's waters

Thais, Cambodians caught smuggling diesel oil in Vietnam's waters

The crews of 26 people from Cambodia and Thailand aboard three boats were caught last week for transferring diesel oil off Vietnam's southern coast.
April 24, 2017 | 06:54 pm PT
High gas prices gouge Vietnamese consumers

High gas prices gouge Vietnamese consumers

Lower tax rates on imported oil products haven't impacted pump prices.
September 22, 2016 | 01:56 am PT
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