petrol

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

Prevent unreasonable disparity between petrol prices and prices of goods and services

15:57 | 17/08/2022 Import-Export

VCN – Talking with Customs News, economic expert Nguyen Minh Phong said that to stabilize commodity prices and ensure they are commensurate with the decrease in gasoline prices, it is necessary to declare and re-register the price of each item, especially

MoF moves to deal with petrol price hikes

18:38 | 17/06/2022 Headlines

After the proposal to cut the petrol price stabilisation fund and import tax, the Ministry of Finance (MoF) has announced plans to cutnbsp;the environmental tax on fuel. nbsp;

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

Businesses continue to struggle with petrol prices

20:21 | 06/04/2022 Import-Export

While the reduced environmental protection tax lowered petrol pricesnbsp;fromnbsp;April,1, most transport enterprisesnbsp;are still struggling.

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

Customs strengthens anti-smuggling work of petrol, coal

08:50 | 25/02/2022 Anti-Smuggling

VCN - The General Department of Customs has directed the Anti-Smuggling and Investigation Department and local customs departments to strengthen the fight against petrol and coal smuggling.

Petrol smuggling at sea still a problem

14:39 | 30/04/2021 Anti-Smuggling

VCN - Despite the impact of the Covid-19 pandemic, petrol smuggling in the southwest coast and Kien Giang province in particular is still a problem, said the Vietnam Coast Guard.

MoIT proposes 35 percent cap on foreign investment in petrol market

14:43 | 11/04/2021 Import-Export

The Ministry of Industry and Trade (MoIT) has proposed a 35 percent cap on foreign investment in local oil and petrol businesses, but said it was open to scrapping the regulation.

Regulations on controlling number of key traders of petrol and oil trading must be issued

15:43 | 20/11/2020 Regulations

VCN - Commenting on the draft decree amending and supplementing Decree No. 83/2014/ND-CP on petrol and oil trading, which is being consulted by the Ministry of Industry and Trade, the Ministry of Finance agrees with many proposals of the drafting agency.

Foreign firms to gain greater footing in petrol retail market

20:04 | 09/08/2020 Import-Export

New policies are in the making to allow foreign firms to gain greater footing in Vietnam petrol retail market according to the Ministry of Industry and Trade