Amid the continuously fluctuating prices for oil and gasoline, Vietnam is injecting millions of US dollars into the import of these commodities while inadequacies in the domestic market have not yet been resolved.
VIETNAM BUSINESS NEWS MAY 13 vietnamnet.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vietnamnet.vn Daily Mail and Mail on Sunday newspapers.
Reducing gasoline taxes and fees, and reconsidering the use of the price stabilization fund could help “cool down” surging fuel prices amid shortages, experts say. - VnExpress International
Vietnam will need to cut taxes and fees, in addition to using the petroleum price stabilisation fund if petrol prices keep rising, said a leader from the Ministry of Industry and Trade (MoIT). On February 11, retail petrol prices were increased by nearly 1,000 dong (4.38 US cents) per litre following the latest adjustment by MoIT and the Ministry of Finance (MoF).