Petrol companies debate changes to stabilisation fund
Petrol wholesalers yesterday gathered to make recommendations on an amended decision on fuel trading drafted by the Ministry of Industry and Trade.
Petrol wholesalers yesterday gathered to make recommendations on an amended decision on fuel trading drafted by the Ministry of Industry and Trade.
The price of domestic cooking gas will make a fresh record on the first day of March with a rise of VND52,000 per 12-kilogram gas cylinder
The Ministry of Industry Trade has demanded that fuel wholesalers be held responsible for the quality of fuel distributed under their systems
Wholesalers - While there are as many as 13,000 filling stations and fuel dealers around the country, fuel wholesalers can only watch over around 3,000 dealers under their systems
With many fuel wholesalers paying high commissions to dealers whose stakes are held by the former, experts claim this is transfer pricing
Fuel wholesalers have repeatedly complained of losses, but they have in fact been operating with enormous profits
Wholesalers - Prior to going public, petrol wholesaler Petrolimex has posted a VND913-billion profit in 2008, shocking the public as it was in 2008 that Petrolimex reported a VND10 billion loss
As private fuel retailers are reporting profits, many experts are skeptical about state-owned petrol wholesales which have been reporting losses and asking for a fuel price increase
Fans of singer Le Cat Trong Ly, 26, can follow her singing journey across Viet Nam through an online music documentary on www.phim.soha.vn
An exhibition of Buddhist artefacts from the 11th to 20th century opened yesterday at the HCM City-based Xa Loi Pagoda.