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petroleum
Hai Phong's total retail sales of goods and service revenue rise 15.3% in five months
In the first five months of 2026, total retail sales of goods and service revenue in Hai Phong are estimated at VND 172,991 billion, up 15.3% compared with the same period last year.
News
Ministry of Industry and Trade streamlines administrative procedures in eight sectors
A new circular from the Ministry of Industry and Trade (MOIT) will decentralize authority to provincial People's Committees and abolish a series of cumbersome rules to reduce burdens on businesses.
Ministry of Industry and Trade announces schedule for fuel price adjustment
The Department of Domestic Market Management and Development (under the Ministry of Industry and Trade) has just issued a document on fuel price adjustment for the upcoming April 30 – May 1 holiday period.
Proposal to extend 0% import tariff on petroleum products until June 30, 2026
The Ministry of Finance has proposed extending the 0% import tariff on petroleum products through June 30, 2026, to stabilize supply and ease cost pressures.
No disruptions or shortages in Hai Phong’s petroleum market
Thanks to proactive supply management, no disruptions or shortages of petroleum have occurred in Hai Phong.
Hai Phong ensures sufficient petroleum supply for the market
According to calculations by the Hai Phong Department of Industry and Trade, the amount of petroleum currently stored at depots and retail outlets across Hai Phong is sufficient to supply the market for more than 20 days without additional replenishment.
Ministry of Finance proposes reducing import tariffs on petroleum to 0%.
The Ministry of Finance of Vietnam has proposed reducing the preferential import tariff to 0% for several petroleum products in order to enhance import capacity and help stabilize the domestic market.
Ministry of Industry and Trade requests localities to strengthen control over fuel trading
The Ministry of Industry and Trade has issued an urgent document to the People’s Committees of provinces and cities, requesting stronger inspection and control of petroleum trading activities amid increasingly complex international developments.
Hai Phong petroleum enterprises proactively secure supply for Tet
Petroleum trading enterprises in Hai Phong have developed stockpiling plans to ensure adequate fuel supply to meet rising demand during the Lunar New Year holiday.
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