VCCI proposes allowing businesses to set fuel retail prices
HCMC – The Vietnam Chamber of Commerce and Industry (VCCI) has written to the Government suggesting fuel retail prices be decided by businesses based on supply and demand to prevent fuel shortages. VCCI also proposed doing away with the fuel price stabilization fund as it has failed to stabilize
Trade minister calls for effort to prevent fuel shortage at Tet
HCMC – Given the recent fuel shortage in An Giang Province, the Minister of Industry and Trade, Nguyen Hong Dien, has requested efforts to control the fuel market and handle violations. The Ministry of Industry and Trade has required the market surveillance force to be on duty with 100% of the
Fuel shortage drags on in Can Tho, Binh Duong
HCMC – The fuel shortfall continued to linger in the southern province of Binh Duong and the Mekong Delta city of Can Tho, forcing local retailers to put up “out of stock” notifications. The shortage was caused by an inadequate supply from fuel wholesalers. The Vietnam News Agency reported that
Ministry seeks feedback on fuel management and regulations
HCMC – To mitigate the ongoing fuel shortage, the Ministry of Industry and Trade has drafted two official dispatches on the management and regulations on trading fuel and sent them to authorities. In the documents, the ministry asked for feedback from provincial and municipal governments and
PM orders prompt solution to fuel shortage
HCMC – The Ministry of Industry and Trade is told to expedite drastic measures to handle the current fuel shortage, directing wholesalers to supply sufficient gasoline to the market. In an official dispatch sent to relevant ministries on November 11, Deputy Prime Minister Le Minh Khai said the
Fuel firms continue grappling with import woes
HCMC – A tight oil supply caused by Western sanctions against Russian exports and a surging demand for oil products of the EU have been blamed for Vietnam’s ongoing fuel shortages. The Vietnam Petroleum Association said it is increasingly difficult to import fuels, worsening gasoline shortages in
Petrolimex gas stations in Hanoi stay open 24/7
HCMC – The Vietnam National Petroleum Group (Petrolimex), the nation’s leading fuel trading company, has said it is keeping its all gas stations in Hanoi open 24/7 to meet the strong demand for gasoline. From now until November 13, all 96 Petrolimex gas stations in Hanoi are open round the clock.
Relevant agencies, firms asked to join hands to ease fuel shortage
HCMC – The Ministry of Industry and Trade has written to the relevant ministries, agencies, firms and local authorities urging them to join hands to tackle the ongoing fuel shortfall. In its recent dispatch, the ministry said that the number of gas stations suspending operations is on the rise, so
Fuel suppliers told to tap reserves to quench thirst
HCMC – Minister of Industry and Trade Nguyen Hong Dien has ordered state-run wholesalers to tap their commercial fuel reserves to meet the demand and mitigate the ongoing fuel shortage. To meet the rising fuel demand, the Vietnam National Petroleum Group, Petrolimex, is tasked with supplying
HCMC proposes establishing fuel market monitoring team
HCMC – The HCMC Department of Industry and Trade has written to the city government proposing setting up a team in charge of tackling issues with fuel supply in the city. The team will be responsible for monitoring the fuel market, proposing solutions to tackle shortcomings in the fuel supply
PM orders swift action amid short supply of fuel
HCMC – The prime minister has issued a telegram ordering the relevant ministries and agencies to take swift action to cope with the ongoing fuel supply disruptions. The prime minister asked the Ministry of Industry and Trade to promptly review fuel trading regulations and propose supplementing and
NA deputies say relevant ministries must bear responsibility for fuel dearth
HCMC – The ongoing short supply of gasoline on the local market is an unusual phenomenon, requiring higher responsibility from the relevant ministries and agencies, National Assembly (NA) deputies told local reporters today, November 2. NA deputy Tran Van Lam, a NA Finance and Budget Committee