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PM orders ministries to look into tax reduction on gasoline

PM orders ministries to look into tax reduction on gasoline

Prime Minister Pham Minh Chinh has instructed the trade and finance ministries to study the possibility of lowering the environmental tax on fuel amid surging prices.
Vietnam mulls raising foreign ownership cap in local petrol firms

Vietnam mulls raising foreign ownership cap in local petrol firms

Vietnam is considering raising the foreign ownership cap in petrol companies to 34 percent to attract more investors to the state-controlled energy industry.
December 24, 2019 | 11:05 pm 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
Fuel tax to up Vietnam inflation by 1.6 percent

Fuel tax to up Vietnam inflation by 1.6 percent

Vietnam’s inflation will rise when the new environmental tax on fuel comes into effect next year, a report says.
October 11, 2018 | 12:58 am PT
No fuel tax hike before 2020, minister assures

No fuel tax hike before 2020, minister assures

Vietnam won’t increase its fuel tax before 2020, Finance Minister Dinh Tien Dung has directed. 
August 30, 2018 | 07:31 pm PT
Vietnam postpones plans to increase fuel tax

Vietnam postpones plans to increase fuel tax

Vietnam’s National Assembly has decided to postpone a controversial plan to increase environmental tax on fuel.
July 13, 2018 | 08:17 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
Foreign giants make first incursion into Vietnam’s petrol retail market

Foreign giants make first incursion into Vietnam’s petrol retail market

The presence of foreign firms is expected to create fair competition in a market that has long been dominated by state monopolies.
October 5, 2017 | 10:06 pm PT
Free trade deal boosts Vietnam's petrol imports from South Korea

Free trade deal boosts Vietnam's petrol imports from South Korea

Vietnamese companies are turning away from Chinese petroleum suppliers in favor of South Korean.
August 12, 2017 | 07:21 am PT
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