Balance of Petroleum Price Stabilization Fund remains about VND310.8 billion by the end of QII

By Thuy Linh/ Ngoc Loan

14:24 | 16/09/2022 Finance Follow english.haiquanonline.com.vn on

VCN – At the end of the second quarter, the Petroleum Price Stabilization Fund balance remains about VND310.8 billion, the Ministry of Finance has said.

	Oil price drops sharply, surplus of petroleum price stabilization fund was VND 2,779.5 billion
	It is necessary to maintain the Petroleum Price Stabilization Fund
	Petroleum Price Stabilization Fund remains 5,222.545 billion VND

Balance of Petroleum Price Stabilization Fund remains about VND310.8 billion by the end of QII

The balance of the Petroleum Price Stabilization Fund remains about VND310.8 billion. Photo: T.D

Complying with the principle of transparency in petrol and oil price management under the Government's Decree 83/2014/ND-CP and revised Decree 95/2021/ND-CP, the Ministry of Finance announces the provision, use and interest of the balance of the Petroleum Price Stabilization Fund in the second quarter of 2022.

The balance of the Petroleum Price Stabilization Fund by the end of the second quarter of 2022 (to the end of June 30, 2022) was about VND310.8 billion.

The total deduction to the Petroleum Price Stabilization Fund in the second quarter of 2022 (from April 1 to the end of June 30, 2022) was more than VND1 trillion. As a result, the total deducted amount from the Petroleum Price Stabilization Fund in the second quarter was VND 526.7 billion.

The Ministry of Finance said the fund's interest in the second quarter of 2022 was VND1.4 billion. As a result, the loan interest arising from the fund's balance in the second quarter of 2022 is negative VND1,792 million.

As of March 31, the balance was negative at VND169.920 billion.

By Thuy Linh/ Ngoc Loan

Tags:

Related News

State-owned enterprises flourished

14:15 | 19/04/2024 Finance

VCN - The production and business situation in the first quarter of 2024 of the state-owned enterprise sector continues to have many bright spots with many financial targets completed or exceeding the set plan. This is the premise for positive business results in the second quarter and the whole year 2024.

Ho Chi Minh City Customs: Rapidly handling more than 1,600 billion VND in bad debts

16:24 | 17/04/2024 Customs

VCN - To handle and recover nearly 1,900 billion VND in tax debt, Ho Chi Minh City Customs Department directed its under and directly under units to implement many drastic solutions right from the first months of 2024.

Lao Cai Customs’ revenue increases by 30.5% to over VND200 billion

10:04 | 08/04/2024 Customs

VCN – The results of revenue, import-export turnover and declarations processed at Lao Cai Customs Department in the first quarter of 2024 see prosperity.

Quang Ngai Customs' revenue flourishes thanks to steel and coal imports

19:22 | 10/03/2024 Customs

VCN – Taxable imports of iron ore and coal products rose in the first months of the year, helping the state budget revenue of the Quang Ngai Customs Department flourish.

Latest News

Old loans must endure higher interest rates temporarily: central bank

15:44 | 19/04/2024 Finance

The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).

Forum discusses support for women-owned firms to join supply chains

17:41 | 18/04/2024 Finance

A forum on supporting women-owned businesses to join supply chains through sustainable development tools took place in Hanoi on April 17.

Ensure savings and prevent losses in disbursement of public investment

10:24 | 18/04/2024 Finance

VCN - The practice of thrift and combating waste in the management and use of public investment is one of key tasks in the program of thrift practice and waste combat in 2024 of the Ministry of Finance.

Implementing unprecedented fiscal policies to actively support people and businesses

16:25 | 17/04/2024 Finance

VCN - Implementing fiscal policies to support the economy, the Ministry of Finance has advised and offered many unprecedented solutions to reduce taxes, fees and charges, thereby supporting people and businesses to overcome difficulties, restore production and business. According to assessments, in 2024 fiscal policy will continue to be a positive highlight for the economy.

More News

Foreign investors net sell in Vietnamese market, banking sector attracts interest

16:13 | 17/04/2024 Finance

According to BSC, foreign investors sold a net total of VNĐ11.55 trillion across all three exchanges in the first three months of 2024, equivalent to 50.62 per cent of the total net selling value in 2023. The selling pressure came from active funds and ETFs, resulting in a continued net withdrawal state and exerting pressure on the market.

Banks record positive business indicators in Q1 2024

14:20 | 16/04/2024 Finance

According to experts, the prosperity of the banking industry in the period came from many supporting factors, including favourable policies to credit growth.

The finance sector focuses on perfecting institutions, ensuring financial discipline, and budgetary rigor

10:00 | 16/04/2024 Finance

VCN- In the document sent to the Ministry of Planning and Investment (MPI) regarding the implementation of Resolution No. 01/NQ-CP in the field of state finance and budget in March 2024, the Ministry of Finance stated that it actively implemented projects to build and improve institutions, ensuring the balance of the state budget and stability in the financial market and prices.

IASB recommends Vietnam prepare infrastructure to apply IFRS

09:57 | 16/04/2024 Finance

VCN - Applying “International Financial Reporting Standards (IFRS) will help businesses improve the quality of financial reporting and enhance the quality of explanation, but there are still many difficulties in transformation.

Strong decentralization for ministries, branches and localities to manage and use electricity projects

10:50 | 15/04/2024 Finance

VCN - Responding to petitions from voters in Lao Cai province related to problems in handing over public assets such as power grid projects to the electricity industry for management, the Ministry of Finance said that it has submitted to the Government to promulgate Decree No. 02. /2024/ND-CP on transferring power projects as public assets to Vietnam Electricity Group (EVN).

The Tax sector’s revenue collection reached 33% of current appropriation

10:50 | 15/04/2024 Finance

In the first quarter of the year, total revenue managed by Tax agency was estimated at VND490,196 billion, equal to 116.9% of the current appropriation in the first quarter, equivalent to 33% of the current appropriation, an increase of 10.9% over the same period in 2023

Savings interest rates begin rising amid slowing bank deposits

17:58 | 14/04/2024 Finance

While some commercial banks continue lowering deposit interest rates, others are increasing the rates, particularly for term deposits of 12 months or longer.

Ministry of Finance conducts general verification of public assets

17:07 | 14/04/2024 Finance

VCN - The Ministry of Finance issued Decision No.798/QĐ-BTC on the plan for implementing Decision No.213/QĐ-TTg of the Prime Minister approving the scheme on general verification of public assets at agencies, organizations, and units as well as infrastructures that are invested and managed by the State.

Removing bottlenecks to develop the green bond market

17:05 | 14/04/2024 Finance

VCN - Currently, there are still many bottlenecks for the development of the green finance market and green bonds. Therefore, solutions are needed to increase resources for businesses and the economy.

Your care

Latest Most read