oil

Excise tax on gasoline should not be abolished

14:44 | 23/02/2023 Finance

VCN - The Ministry of Finance said that the collection of green tax on gasoline is in line with the objectives of the excise tax and international practices.

PM holds roundtable discussion with Brunei energy, oil and gas firms

17:55 | 11/02/2023 Headlines

Prime Minister Pham Minh Chinh held a roundtable discussion with Brunei energy and oil and gas enterprises in Bandar Seri Begawan capital on February 11, as part of his ongoing visit to Brunei.

Most ministries agree to reduce the excise tax on gasoline and VAT on petrol and oil

15:43 | 11/10/2022 Finance

Ministry of Finance said that all respondents agreed with the purpose and views of draft Resolution of the National Assembly on reducing excise tax on gasoline and value-added tax on petrol and oil

What is the base price structure of petroleum in Vietnam?

16:37 | 04/10/2022 Finance

VCN - According to the provisions of the Government's Decree 95/2021/ND-CP amending and supplementing several articles of the Decree 83/2014/ND-CP dated September 3, 2014, on petrol and oil trading, the base price of petrol and oil is calculated on four f

Proposal to reduce MFN tax rates on many items

17:05 | 03/10/2022 Finance

VCN - The Ministry of Finance has completed the draft Decree on the Export Tariff and Preferential Import Tariff (Most Favored Nation (MFN); Decision of the Prime Minister on the list of commodities, specific duties, combined tariff, and out-of-quota impo

Detect sophisticated tricks in trafficking petroleum products on sea

10:01 | 27/09/2022 Anti-Smuggling

VCN - The trafficking of petroleum products on sea routes is a big problem due to its impact on the domestic economy. Especially, the surge in petroleum prices has increased petroleum smuggling with sophisticated tricks.

Reform needed to support oil and gas industry: experts

16:19 | 15/06/2022 Import-Export

Experts have raised strong support for a comprehensive reform for the draft revised Petroleum Law that will help further develop the country’s oil and gas industry.

Vietnam's taxes on petrol and oil are low: Deputy Minister of Finance

10:04 | 10/06/2022 Finance

VCN - According to Deputy Minister of Finance Ta Anh Tuan, in Vietnam after the policy on tax reduction is applied, taxes account for 29-31% in petrol prices and 13.3% in diesel oil prices

Ministry of Finance: find solutions to stabilize supply to reduce petrol and oil prices

16:18 | 09/06/2022 Finance

VCN - Questions related to petrol prices and proposals on reducing taxes on petrol and oil were answered by the Minister of Finance Ho Duc Phoc to the National Assembly deputies during a question-and-answer session of the Minister of Finance on the mornin

Minister of Finance Ho Duc Phoc: reduction of petrol and oil prices requires comprehensive solutions

20:08 | 06/06/2022 Headlines

VCN - Speaking at a discussion session on the performance of the socio-economic development plan and the state budget in 2021 at the National Assembly hall on June 2, reviewing the implementation of Resolution 42/2017/QH14 on piloting bad debt settlement

Modern oil and gas regulations needed: MoIT

19:51 | 03/06/2022 Headlines

It's high time Việt Nam establishes modern oil and gas laws and regulations to strengthen the State's management of these key resources, attract investors and improve the country's investment environment, Minister of Industry and Trade Nguyễn Hồng Diên told National Assembly deputies on Friday in Hà Nội.

Low quality petroleum products cause concern

20:16 | 14/04/2022 Anti-Smuggling

VCN - According to the Vietnam Directorate of Market Surveillance, from January 28, the Market Surveillance force has inspected 16,800 of 17,000 petrol stations across the country.

Efficiently managing prices

10:09 | 29/03/2022 Finance

VCN - Deputy Prime Minister Le Minh Khai asked ministries, Governmental and local agencies to manage prices and stabilize the market. The Government Office has just issued Notice 81 dated March 24, 2022, of the conclusion of Deputy Prime Minister Le Minh

Finding solutions to adapt to the increasing prices of gasoline and oil

09:35 | 17/03/2022 Import-Export

VCN - Facing rising petrol prices, many enterprises have actively recalculated their production and business plans, accepting a partial reduction in profits in order to maintain market share and income for employees.

Exports increase sharply, Vietnam has a trade surplus

17:13 | 25/11/2021 Import-Export

VCN - Exports increased sharply in the second half of October, helping the trade balance to reverse dramatically from deficit to surplus.