Page 3 - Son Refinery News Today

Vietnamese officials, moving to address gasoline shortages that have caused some petrol stations to close, will adjust fuel price calculations to ease losses for retailers and asked banks to assist the capital needs of fuel companies.

On October 13, the Government Inspectorate of Vietnam established a delegation to inspect 15 key petroleum and gasoline trading facilities and two oil refineries

Vietnam imported petroleum products worth US$5 billion the first half of the year, surging by 128% year on year.

The Hanoi Department of Industry and Trade has launched a voting programme to select consumers’ most-favoured Vietnamese products in 2022.

The Vietnam Automobile Manufacturers’ Association (VAMA) has announced that its members sold 25,159 vehicles in June, down 42% from May ending three consecutive months of gains. ​

Prime Minister Pham Minh Chinh has called on the Republic of Korea (RoK)’s enterprises to increase investment in Vietnam and boost connectivity with local firms so that Vietnam can soon become a hub in regional and global value chains.

Businesses from Hong Kong (China) have expressed their interest in the Vietnamese gem market during their participation at the ongoing 38th HKTDC Hong Kong International Jewellery Show and 8th HKTDC Hong Kong International Diamond, Gem & Pearl Show.

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Surging crude oil prices may benefit the Vietnamese oil industry, but its exploration and exploitation activities are likely to be hit by the geopolitical situation. - VnExpress International

Some parts of an agreement signed with a foreign investor have pushed Vietnam into a dilemma.