Many new regulations aim to drastically remove the IUU "Yellow Card" Import-export turnover across Lao Cai International Border Gate surges Vietnam has a trade deficit of over US$17 billion with China
MoIT needs to notify the time of receiving sanctioning decision as a basis for customs clearance

MoIT needs to notify the time of receiving sanctioning decision as a basis for customs clearance

09:13 | 30/10/2022 Customs

VCN – To have a basis for traders to carry out petroleum import and export procedures, the General Department of Customs requested the Ministry of Industry and Trade (MoIT) to notify the time of receiving the sanctioning decision of the MoIT’s Inspectorat
Facilitating customs clearance for petroleum

Facilitating customs clearance for petroleum

08:45 | 18/10/2022 Customs

VCN – Petroleum is a necessity for production and living activities, so the import procedures and customs clearance for petroleum is always facilitated by Customs, said the General Department of Customs.
What is the base price structure of petroleum in Vietnam?

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
Smuggling petroleum by sea is rising

Smuggling petroleum by sea is rising

10:20 | 14/08/2022 Anti-Smuggling

Smugglers pumped water into the vehicle to deceive the load in order to make the journey to the sea. When arriving at the receiving point, the water was pumped out to receive smuggled petroleum and oil
Officially reducing import duty of petroleum products to 10%

Officially reducing import duty of petroleum products to 10%

09:30 | 12/08/2022 Finance

The Government promulgated Decree No.51/2022/NĐ-CP, officially reducing the rate of import duty for unleaded fuel under the HS code (from 2710.12.21 to 2710.12.29) from 20% to 10%.
Prices of imported gasoline decrease by more than VND4 million/ton

Prices of imported gasoline decrease by more than VND4 million/ton

14:46 | 05/08/2022 Import-Export

Compared to the second half of June 2022, the average price (excluding tax) of imported gasoline decreased by about US$185/ton (equivalent to over VND 4 million/ton).
Deputy Minister of Finance: Reducing environmental protection tax on petroleum leading to a decrease of more than VND32,500 billion in budget revenue

Deputy Minister of Finance: Reducing environmental protection tax on petroleum leading to a decrease of more than VND32,500 billion in budget revenue

17:53 | 08/07/2022 Finance

The Deputy Minister of Finance said that the increase in budget revenue from petroleum imports in the year was about VND9,100 billion
Why did excise tax on petroleum not adjust?

Why did excise tax on petroleum not adjust?

10:46 | 25/06/2022 Finance

The Ministry of Finance suggested that there will be no immediate adjustment on excise tax for petroleum.
Finding solutions to stabilize petrol prices

Finding solutions to stabilize petrol prices

10:45 | 25/06/2022 Finance

VCN – The Ministry of Finance on the afternoon of June 22 held a meeting with the Vietnam Petroleum Association to discuss proposals related to petroleum business.
The undercurrent of contrabands through Kien Giang border

The undercurrent of contrabands through Kien Giang border

14:48 | 18/06/2022 Anti-Smuggling

According to the Steering Committee 389 of Kien Giang province, although smuggling and illegal transportation of goods across the border in the area has been controlled, it is still complicated
Ministry of Finance proposes reduction of green tax on petroleum

Ministry of Finance proposes reduction of green tax on petroleum

18:48 | 17/06/2022 Finance

VCN - The Ministry of Finance has consulted ministries and agencies to report to the Government and the National Assembly Standing Committee on the reduction of green tax on petrol and oil to the floor level, said the Deputy Minister of Finance Ta Anh Tua
Strengthening quality management and combating petroleum smuggling

Strengthening quality management and combating petroleum smuggling

10:07 | 23/04/2022 Anti-Smuggling

VCN - The Deputy Prime Minister assigned the Standing Office of the National Steering Committee 389 to monitor the performance and report results to the Head of the Committee.
Quang Ninh Customs strengthens coordination against the smuggling of petroleum

Quang Ninh Customs strengthens coordination against the smuggling of petroleum

07:59 | 11/04/2022 Anti-Smuggling

Quang Ninh Customs Department is directing units to closely work with local forces in preventing and combating smuggling and trade fraud for petroleum products.
Is a green tax reduction of VND1,000/liter for petroleum appropriate?

Is a green tax reduction of VND1,000/liter for petroleum appropriate?

11:01 | 08/03/2022 Finance

VCN - According to the Deputy Minister of Finance, the green tax reduction for petroleum products will contribute to harmonizing the interests of people and businesses, helping reduce production costs and consumption costs for people.
Tax exemption and reduction for petroleum need careful review

Tax exemption and reduction for petroleum need careful review

10:03 | 03/03/2022 Finance

VCN – According to Assoc. Prof. Dr. Dinh Trong Thinh, Senior Lecturer at Academy of Finance, the tax exemption and reduction for petroleum needs reviewing carefully to ensure social justice as well as state budget revenues.
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