Customs creates maximum facilitation for agricultural exports Goods imported from export processing enterprises must pay tax Saigontex 2023 attracts over 1,300 domestic, foreign businesses
Quang Ninh Customs: imports of petroleum and coal increased leading to the prospect of revenue collection

Quang Ninh Customs: imports of petroleum and coal increased leading to the prospect of revenue collection

20:19 | 18/03/2023 Customs

Revenues from key imported products such as gasoline and coal are a good sign in revenue collection of Quang Ninh Customs Department in the first months of 2023.
Creating a healthy and competitive environment for petroleum business

Creating a healthy and competitive environment for petroleum business

09:41 | 04/03/2023 Import-Export

VCN - Talking to Customs News, Prof. Dr. Nguyen Thuong Lang, Institute of International Trade and Economics, National Economics University, said that it should have solutions to increase competitiveness in the petroleum business, but it was not possible t
Proposing to increase competition in the petroleum trading market

Proposing to increase competition in the petroleum trading market

14:16 | 26/02/2023 Import-Export

VCN - In the draft Decree, the Ministry of Industry and Trade gave two options, not allowing (option one) and allowing (option two) petrol and oil retail stores to get goods from different sources.
Be careful when changing fuel pricing formula

Be careful when changing fuel pricing formula

08:45 | 12/02/2023 Finance

VCN – Petroleum is an important and essential commodity for the economy, society, and people's lives, so the Ministry of Finance suggested that the Ministry of Industry and Trade conduct a detailed review to identify the best timing and roadmap for changi
Removing obstacles in petroleum management

Removing obstacles in petroleum management

13:48 | 27/11/2022 Finance

VCN - Many experts believe that to remove obstacles in petroleum management, it is necessary to focus on managing this commodity at one focal point, the Ministry of Industry and Trade. This will avoid overlaps, creating more initiative in operating work.
Quang Ninh Customs achieves prosperity through increased revenue from imported petroleum and coal

Quang Ninh Customs achieves prosperity through increased revenue from imported petroleum and coal

10:10 | 11/11/2022 Customs

VCN - Speaking to Customs News, Deputy Director of Quang Ninh Customs Department Trinh Vna Nhuan said the department is assigned a revenue target of VND10,000 billion in 2022.
Proposal to adjust tax rate of imported raw material for producing petroleum

Proposal to adjust tax rate of imported raw material for producing petroleum

17:47 | 30/10/2022 Regulations

The Ministry of Finance has proposed to amend tax rates for a number of items to stabilize the market and stabilize the source of domestically produced raw materials for oil products.
MoIT works with central bank to support petroleum enterprises

MoIT works with central bank to support petroleum enterprises

17:41 | 30/10/2022 Headlines

The Ministry of Industry and Trade (MoIT) will coordinate with the State Bank of Vietnam to remove difficulties for petroleum enterprises in accessing credit guarantee funds in a bid to prevent disruption in the domestic market.
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
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