Strengthening the management of imported and exported petroleum

Strengthening the management of imported and exported petroleum

VCN - The General Department of Customs requests local customs departments to only allow key petroleum traders and petroleum service traders to store imported, exported, temporarily imported, and re-exported petroleum at warehouses which are eligible for
Risk in management of petrol when go through customs supervision

Risk in management of petrol when go through customs supervision

According to Lang Son Customs Department, the unit has faced difficulties and obstacles relating to customs management for petrol when going through the customs supervision area of Xuan Cuong Co., Ltd.
Petroleum product prices plunge but enterprises still face difficulties

Petroleum product prices plunge but enterprises still face difficulties

VCN- On March 15, the Ministry of Industry and Trade and Ministry of Finance decided to sharply reduce the price of petroleum products.
Petroleum industry faces four major challenges

Petroleum industry faces four major challenges

VCN- This is one of the assessments of the Standing Vice President of Vietnam Journalists Association Ho Quang Loi at the seminar "Vietnam Oil and Gas in development together with the country" held by the Vietnam Oil and Gas Group (PVN) in collaboration
The Customs’ revenue increased due to petroleum import

The Customs’ revenue increased due to petroleum import

VCN- Specifically, the Director of Import and Export Duty Department said, the revenue in May 2018 reached VND 29,236 billion, increasing by 27% compared to April 2018.
Sanctioning acts of smuggling and trade fraud for petroleum products

Sanctioning acts of smuggling and trade fraud for petroleum products

VCN- Especially, the imported petroleum products which are being transported without sufficient invoice and documents will be handled as per provisions in Clause 1, Article 6 of Joint Circular No. 64/2015/TTLT-BTC-BCT-BCA-BQP.
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