October 8, 2011
A man sells petrol at a station outside Hanoi on September 22. The Finance Ministry has sent out inspection teams to look into oil product prices of Petrolimex, PV Oil and two other distributors. The losses or profits fuel importers make are not clearly accounted for and people are unhappy about this. If the accounting [...]
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Posted in Reports | Comments Off
August 15, 2011
Gasoline prices have been kept unchanged The Finance Ministry has issued a statement standing by its decision to keep prices of petroleum products unchanged, saying a price cut is only an option after import taxes are raised. The statement, jointly issued with the Ministry of Industry and Trade, came amidst public disappointment over the news [...]
Tags: finance, Finance Ministry, Gasoline, Gasoline And Mazut, Government, If World, If World Prices, import, Import Taxes, Ldquo, ministry, Per Liter, percent, petroleum, Petroleum products, price, Price Reduction, prices, Rdquo, statement, taxes, The government, The ministry, The price, The statement, World Prices
Posted in Business | Comments Off
August 6, 2011
A picture taken in 2010 shows a man walking near the spilled crude oil on the shores and in the waters of the Niger Delta swamps of Bodo, a village in the famous Nigerian oil-producing Ogoniland. Nigeria’s government and oil giant Shell Friday came under heavy pressure following the release of a landmark UN report [...]
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Posted in International | Comments Off
July 20, 2011
Work has begun on a petroleum testing and research center in Ho Chi Minh City. Â The US$51.13 million center, invested in by Vietnam Petroleum Institute, is expected to provide petrol sample analysis services, the Saigon Tiep Thi said in a report Monday. Â Spread over more than 41,000 square meters at the Saigon [...]
Tags: center, Chi minh, Chi minh city, Ho Chi, Ho Chi Minh, Ho Chi Minh City, Minh city, petroleum, Saigon, testing, The center, The Saigon
Posted in Sci-Tech | Comments Off
July 17, 2011
Expectations that lower global prices would benefit consumers have been belied A worker pumps petrol to a motorcycle at a gas station in Hanoi. Vietnam raised retail fuel prices in late March and has left them unchanged since. When the government decided in March that local petroleum prices will be adjusted in line with [...]
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Posted in Business | Comments Off
April 3, 2011
Investors follow market movements at a securities firm in Ho Chi Minh City Depressed investor sentiment, hit by tightened credit and negative macroeconomic news, has sent the stock market plunging toward the bottom, experts say. “The stock market is now in the bottom region though it hasn’t quite hit the bottom yet,” Pham Linh, general [...]
Tags: Chi minh, Chi minh city, credit, Credit Growth, economic, Economic growth, economy, growth, High Inflation, Ho Chi, Ho Chi Minh, Ho Chi Minh City, inflation, Investor Sentiment, investors, Ldquo, Liter, March, market, Minh city, Per Liter, percent, petroleum, Petroleum products, Pham Linh, prices, Rdquo, Said ldquo, securities, Slow Economic, Slow Economic Growth, stock, Stock Market, The economy, The government, The Ho, The market, The ministry, The stock, The Stock Market
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March 31, 2011
Workers pump fuel for motorcyclists at filling station in downtown Hanoi on March 30, 2011 after a new petrol hike in a month. Vietnam has raised fueld prices for the second time in just over a month Vietnam has raised fuel prices for the second time in just over a month, further stoking concerns about [...]
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January 28, 2011
A gas station in Ho Chi Minh City. Without the price stabilization fund, Vietnam would not have been able to keep fuel prices stable, an official said. The Finance Ministry will soon step up inspections to prevent fuel traders from further misusing the price stabilization fund, Nguyen Tien Thoa, head of the Department of Price [...]
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January 19, 2011
Vietnam’s Ministry of Finance lowered import duties for some petroleum products from Jan. 14, the ministry said on its website. The import tax for gasoline was cut to zero percent from 6 percent, and that on diesel was decreased to zero percent from 2 percent. This tax on kerosene was reduced to 2 percent [...]
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November 12, 2010
An PV Oil ship receives products from Dung Quat oil refinery Binh Son Refinery Company, the operator of Dung Quat oil refinery, signed distribution contracts with four state-owned firms on Tuesday. Petrolimex, PV Oil, Petec and Vinapco committed to buy some 4.7 million cubic meters of the products like A92, A95, diesel and FO for [...]
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Posted in Business | Comments Off
