The Security Investigation Agency has proposed prosecuting Dinh La Thang, former Chairman of PetroVietnam on charges of violating regulations on construction works, causing serious consequences at the Petrochemical and Bio-Fuel JSC.

The high price of input materials to produce ethanol and the policies on restricting imports to protect local production have made E5 petrol prices unattractive to consumers.

With the decision to replace RON 92 petrol with E5 biofuel commencing early next year, plus new tax policies, two ethanol plants which have been taking losses will be brought back to life.

 VietNamNet Bridge – Only 20 percent of ethanol can be sold in the domestic market, while the other 80 percent is being exported to Japan, South Korea and the Philippines.

 Viet Nam will continue to develop its production of bio-fuel, despite the fact it has been slow to catch on.

PM Nguyen Tan Dung has asked the Ministry of Industry and Trade and the State Bank of Vietnam to coordinate with the related agencies to help Dong Xanh JSC remove difficulties for the Dai Tan ethanol plant in Quang Nam province.

 VietNamNet Bridge – Viet Nam will start blending bio-fuels with petrol to power road vehicles from 2014, as the government seeks to push ahead with its commitment to establish green credentials.

 VietNamNet Bridge – Vietnam will start popularising the use of bio-fuel E5 for road vehicles in seven localities from December 1, 2014.