Gross regional domestic product (GRDP) of HCMC between January and September reached nearly VND1,100 trillion in current prices, up around 9.97% year-on-year, according to the HCMC Statistics Office.

This remarkable figure shows that HCMC’s economy has bounced back quickly after one year of implementing economic recovery programs in the new normal.

In the first nine months of this year, nine essential services made up 59% of the city’s GRDP. Among the nine, four with large proportions comprise commerce, transportation and warehousing, finance and banking, science and technology.

HCMC attracted 20.6 million domestic tourists, up 66.1%, and over 2.11 million international travelers, up 100% versus the year-ago period. The city has seen an increase in travel and tourism revenue of nearly four times year-on-year.

Total retail sales of consumer goods and services reached VND804,728 billion, up 25.9%.

The city recorded a 10.4% year-on-year increase in export revenue at US$36 billion.

The budget revenue of HCMC is estimated at VND350,000 billion, reaching over 90% of the full-year target and up nearly 28% year-on-year.

The city’s industrial production grew at a rapid pace of 19.6% between January and September.

The Statistics Office recommended that the city speed up the implementation of the economic recovery and development programs, market stabilization programs, and boost tourism activities and digital transformation.

Vietjet opens Vietnam – Kazakhstan direct air route

Budget carrier Vietjet Air has announced plans to open direct flight routes between Almaty, the largest city in Kazakhstan, and Khanh Hoa province in central Vietnam, as part of activities to celebrate 30 years of diplomatic ties between the two countries.

The plan will see the Vietnamese airline operate two weekly flights from the end of this month with a flight time of just over nine hours between the two cities.

The first flight is scheduled to depart on October 25 from Cam Ranh International Airport before landing at Almaty International Airport. The return journey from Kazakhstan will take place the following day.

According to Chu Viet Cuong, member of Vietjet’s board of directors, each flight will transport approximately 180 to 200 passengers via an Airbus A-330.

Tourists from the Central Asian country will be able to vacation in Khanh Hoa for between one and four weeks, go shopping, and take a city tour, among other activities.

SCB denies false rumors related to its senior leaders

The Saigon Joint Stock Commercial Bank (SCB) this morning provided official information to deny rumors related to members of the Supervisory Board and the Executive Board of SCB.

The SCB had official information regarding several false rumors on social media related to Head of the SCB’s Supervisory Board Luu Quoc Thang and Deputy General Director of SCB Diep Bao Chau.

Accordingly, Head of the SCB’s Supervisory Board Luu Quoc Thang and Deputy General Director of SCB Diep Bao Chau are managing the daily operations of the bank.

Mr. Thang and Mr. Chau are senior leaders who have been working for a long time at SCB. SCB confirmed that the rumors arising on social media are fake news affecting the business situation of the bank.

Coffee gains highest export value from Jan-Sept

Coffee has outweighed other key items to top the list of agricultural items with the largest export value in the first nine months of the year.

According to the latest data from the General Department of Vietnam Customs, the nation exported 92,550 tons of coffee worth US$226 million in September, a decline of 17.8% and 15.1% in volume and value over the last month.

As of September, the exports of this sector had continued to grow impressively, with 1.34 million tons of coffee worth US$3.06 billion, a year-on-year rise of 13.1% in volume and 37% in value.

Coffee has surpassed many key items such as vegetables, rice and cashew nuts to reap the largest export value in the agricultural sector.

Germany is the largest buyer of Vietnam, with 170,336 tons of coffee worth US$363 million. Belgium came second with 103,024 tons worth US$219 million, followed by Italy with US$236.47 million from 110,631 tons.

Supply increases, fuel market gradually stabilizes

Two days after the latest upward adjustment of fuel prices, there are now no crowds at gas stations in Ho Chi Minh City anymore, even though certain stations still temporarily close due to out of inventory.

Many gas stations in the Comeco chain had had to shut down for the time being due to empty stock, then reopened to serve crowds of people always in disorder state. Thanks to more supply up to 70-80 percent of the usual amount, plus buyers in a more stable mind, these stations report they are coming back to normal operation now.

Similarly, fuel stations on Ba Thang Hai Street (District 11), Hai Ba Trung Street (District 1), Ly Thai To Street (District 10) no longer see crowds of buyers. There is no more purchase limit of VND20,000-30,000 per person (US$0.8-1.3) like two days ago, and the waiting time is just a few minutes.

There are still certain gas stations unable to fill their inventory, and thus having to close temporarily, like the one on Nguyen Chi Thanh Street (District 5), Dien Bien Phu Street (District 3). However, they do not create such a fuss, and buyers can easily move to other stations near there to get their petrol.

Fuel wholesalers in HCMC affirmed that even with a lower supply now compared to the past, it is still sufficient to satisfy the demands of city residents. Saigon Petro and Petrolimex also confirmed the stability of the supply source, and most retailers in their systems are open all day to serve people in need.

Yesterday afternoon, the HCMC Department of Industry and Trade held a press conference to inform the status of industrial production, trading activities in HCMC in the third quarter this year. Regarding the temporary shortage of fuel in the city for last few days, the department stated that everything is still under control. After its proposal to allow fuel tanks to distribute merchandise at daytime, the petrol volume delivered to gas stations is quickly increasing. There will be no more shortage like it used to be two days ago.

Nearly VND6 trillion of deposit returns to SCB

The State Bank of Vietnam (SBV) - Ho Chi Minh City Branch said that, according to a quick report of Saigon Commercial Joint Stock Bank (SCB), customers had returned to depositing nearly VND6 trillion (US$251 million) on October 12, a sharp increase compared to the previous day.

Previously, negative information about SCB was spread on social networks, affecting the psychology of depositors at this bank, leading to the situation of people withdrawing money before the due date.

After the SBV announced that deposits at banks, including SCB, are guaranteed by the SBV in all scenarios, and people should not withdraw money before the due date affecting their interests, customers calmed down and returned to depositing money at SCB.

Automobile sales up 8.5% in September

Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 33,463 vehicles of all kinds in September, representing a month-on-month rise of 8.5%. 

The figure included 25,611 passenger cars, up 2%; 7,539 commercial vehicles, up 37%, and 313 special-purpose vehicles, up 17%.

Of the units sold, 17,193 were domestically assembled, up 11%, while the remaining 16,270 were imported, up 6% from the previous month.

In the January-September period, VAMA members sold 296,403 units, surging by 57% year-on-year. The sales of passenger cars surged 78% to 231,698, while that of commercial vehicles were up 10% to 40,495, and special purpose vehicles, up 2% to 4,210.

In the period, the sales of domestically assembled and imported cars reached 169,958 units and 126,445 units, up 58% and 55%, respectively, over the same period last year.

NovaGroup, Bui Cao Nhat Quan to buy 10 million Novaland shares

NovaGroup Joint Stock Company (NovaGroup) has just registered to buy 8 million shares of Nova Real Estate Investment Group Joint Stock Company (Novaland) by a transfer of share ownership.   

NovaGroup is currently the largest shareholder in Novaland with the ownership ratio of 37.0200%. If the purchase of an additional 8 million shares of NVL is completed as planned, NovaGroup's ownership rate in Novaland will increase to over 37.4%, equivalent to 729,830,010 shares. 

Bui Cao Nhat Quan (son of Bui Thanh Nhon - Chairman of the Board of Directors of NovaGroup) has also registered to buy an additional 2 million shares of Novaland, planning to increase his stake to 83,242,008 shares. 

Recently, NovaGroup has also increased its direct ownership in Novaland when Bui Thanh Nhon and his wife Cao Thi Ngoc Suong completed the agreement to swap Novaland's shares (NVL) to NovaGroup instead of public tender offering. This was approved at  Novaland's Annual General Meeting of Shareholders in 2021 in accordance with Resolution No. 15/2021-NQ.DHDCD-NVL dated April 27, 2021 and does not reduce direct and indirect ownership rates relating to voting rights in Novaland. 

This ownership structure is part of the restructuring process to synchronize with the NovaGroup’s ecosystem including 8 member corporations: Novaland, Nova Service, Nova Consumer, Nova Tech, Nova Capital Partners, Nova Logistic, Nova Industry, Nova Finance. The business restructuring was clearly planned  in advance, widely announced and implemented via  previous phases. 

Continuing to increase NovaGroup's ownership in Novaland shows the commitment of NovaGroup as well as Nhon and his family, along with the Board of Directors, to continuing to lead and strengthen the  development of Group and other members within the Group, thus ensuring a better growth ecosystem according to the set roadmap, bringing optimal efficiency to customers, investors as well as contributing to the sustainable development of the community and society.

Hanoi’s property supply drops in Q3 2022

Hanoi’s real estate supply in the third quarter of 2022 continued to drop 39% from the same quarter last year to 3,600 units, according to the city’s Department of Construction.

Meanwhile, the decline in supply in the third quarter (Q3) of 2021 was reported to be lowest compared to the same period of the previous years, the department said.

In this Q3, the new units’ supply came from existing projects, mainly in Hoang Mai, Long Bien and Ha Dong districts. The supply of luxury and mid-priced apartments accounted for most  of the supply. Most projects are located in districts away from the city center, where land reserves are still abundant for real estate development. 

The department said that more than 600 units were in transaction, representing 10% of sales volume. The figure was lower than the previous year, when more than 1,700 units were sold. 

The new supply for sales came mainly from Khai Son City Urban Area (Long Bien District), Sunshine Garden (Hai Ba Trung District), Thanh Lam – Dai Thinh 2 Urban Area (Me Linh District), Green Diamond and T&T Pham Ngoc Thach (Dong Da District), and Hanoi Melody Residences (Hoang Mai District).

Due to the low supply, prices of luxury and mid-priced apartments remain high.

HCMC needs 70,000 workers in Q4

HCMC is forecast to need 69,500 to 77,100 workers in the fourth quarter of this year, according to the HCMC Center of Forecasting Manpower Needs and Labor Market Information (FALMI).

The demand for laborers is mainly in the service sector, accounting for 66.56% of the total number of jobs on offer, FALMI director Nguyen Hoang Hieu told the media on October 11.

The manufacturing-construction sector’s demand accounts for 33.3%, while the demand of the agro-forestry-fishery sector makes up 0.14% of the total.

In the manufacturing-construction sector, the labor demand for the mechanical engineering subsector is 4.79%, electronics and information technology 6.72%, food processing 3.83% and chemicals, pharmaceuticals, rubber and plastics manufacturing 4.27%.

In terms of qualifications, the demand for trained workers makes up 84.85%, of which vacant jobs for those holding a bachelor’s degree or higher accounts for 16.83%, according to statistics of FALMI.

Kien Giang asks for urgent supply of over 73,000 cubic meters of fuels

The government of Kien Giang Province in the Mekong Delta region has asked the Ministry of Industry and Trade for help with urgent supply of over 73,000 cubic meters of fuels.

The office of the provincial government said on October 11 that Kien Giang proposed the ministry ask wholesalers to urgently provide the province with 36,780 cubic meters of gasoline and 36,780 cubic meters of other oil products.

The proposal is aimed at ensuring fuel supplies are not disrupted in the province to serve enterprises’ production and business and residents’ daily activities, the local media reported.

The province has 608 gas stations and 23 distributors, according to the provincial Department of Industry and Trade.

Over the past few days, many gas stations in the province have shut down as they ran out of stock, making life hard for production and daily activities and worrying residents. More seriously, gas station closures are on the rise.

If there are no prompt supplies of fuels, firms’ production and business and residents’ daily activities will be affected heavily.

Viet Nam’s exports to CPTPP countries up 38.7% in Jan-Aug period

Viet Nam's export value to Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) member countries increased by 38.7 percent to US$41 billion over the first eight months of 2022, Government's report shows.

According to the report released by the Government on the implementation of the CPTPP, during the January-August period, the Southeast Asian nation spent US$35 billion on imports from CPTPP nations. 

With the above figures, Viet Nam enjoyed a trade surplus of US$6 billion.

Remarkably, Viet Nam's exports to Canada and Mexico grew by 32 percent and 9.2 percent to US$4.5 billion and US$3.2 billion, respectively.  

CPTPP, a new-generation trade pact, was signed by 11 countries, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Viet Nam in Santiago, Chile on March 8, 2018. 

Eight months later, Viet Nam ratified the trade deal that took effect on January 14, 2019.

Pepper export value surges by 7.1% over nine-month period

Vietnam raked in US$770.44 million from exporting 174,530 tonnes of pepper during the past nine months of the year, a decline of 18% in volume, but up 7.1% in value on-year, according to details given by the Ministry of Industry and Trade.

Throughout the reviewed period, pepper exports to the United States, the United Arab Emirates (UAE), Germany, and the UK fell while exports to markets such as India, the Netherlands, the Republic of Korea (RoK), the Philippines, Russia, and Thailand experienced an upward trajectory.

The average export price of Vietnamese pepper soared by 30.7% to reach US$4,414 per tonne compared to the same period from last year.

Pepper exports are forecasted to continue facing numerous difficulties as global pepper prices continue to drop due to reduced demand occurring in many countries, especially demand from China and the high value of the US$.

According to the Import and Export Department, the amount of pepper in stock in the nation is estimated to be at a relative high of between 80,000 and 100,000 tonnes,

At present, the price of local peppers largely depends on the Chinese market, particularly with European and US importers signing contracts until the end of this year.

Vietnam’s veggie, fruit exports down in Jan-Sept

Vietnam exported fruits and vegetables worth only US$2.45 billion between January and September, down 11% over the same period last year, according to the Vietnam Fruit and Vegetables Association (VINAFRUIT).

Vietnam might gain only US$3.2 billion from exporting fruits and vegetables in 2022, Dang Phuc Nguyen, VINAFRUIT’s General Secretary, said at the forum for Hortex Vietnam 2023 on October 11 in HCMC.

The nation’s veggie and fruit exports to China, the largest buyer in recent years, decreased by 35% year-over-year due to the northern neighbor’s Covid-induced border closures, delays in customs clearance and “zero Covid” policy.

However, Vietnam’s agricultural enterprises have made good use of free trade agreements and improved their product quality, increasing the export of fruits and vegetables to other markets such as the U.S., the EU, and Japan.

The January-August period saw Vietnam’s vegetable and fruit exports to the U.S. rise by 19% year-on-year at US$180 million.

PNE Group proposes offshore wind farm in Binh Dinh

The south-central province of Binh Dinh has given in-principle approval to Germany’s PNE Group to conduct a survey, install a wind gauge and evaluate the wind potential of certain offshore locations in Phu Cat and Phu My.

The PNE Group, an experienced project developer of onshore and offshore wind farms, will carry out the survey and research within 12 months starting from the date of the in-principle approval being given.

Under the proposal of the German firm and its consultancy unit, the offshore wind power farm has a total capacity of 2,000MW, consisting of three phases.

The trial period with a capacity of 700MW is scheduled to take place in 2025, the first extended period with a capacity of 700MW is scheduled for 2026 and the second extended period with a capacity of 600MW is scheduled for 2027.

The offshore wind farm in Binh Dinh has an area of 96,470ha, mainly on the sea surface.

Vietnam’s second irradiation company put into operation

Vietnam’s second irradiation company, Toan Phat Irradiation Company Limited, has irradiated its first shipment of exports to the U.S.

On October 10, The Saigon Times reached out to Vuong Dinh Quynh Hieu, director of Toan Phat Irradiation Company Limited, located in Long An Province, about the export shipment of irradicated pomelos to the U.S.

He said the company would give businesses seeking to export fruits more options regarding irradiation treatment.

Nguyen Dinh Tung, director of Vina T&T Import-Export Company, said that one irradiation company could not meet the needs of exporters.

Irradiation treatment helps facilitate exportation, optimize prices and lengthen the preservation of fruit.

The first irradiated exports of the company included six tons of mango and six tons of dragon fruit, first inspected by the U.S. Animals and Plant Health Inspection Service, in terms of shipment records, packing specifications and a random selection of products in the shipment to cut out for inspection.

The service is now offered at a rate starting from US$0.45-0.65 per kilogram.

Food ingredients expo kicks off in HCM City

Saigon Exhibition and Convention Centre (SECC) on October 12 welcomed the start of Food Ingredients (Fi) Vietnam, the largest food and beverage (F&B) ingredients exhibition in the country.

The expo has been co-organised by Informa Markets, the Food and Foodstuff Association of Ho Chi Minh City (FFA), and the Vietnam Association of Food Science and Technology (VAFoST).

During the event, a number of technical seminars and international conferences will also be held, including a business-matching programme, the Ingredients for Innovations Conference hosted by VAFoST, and the annual VAFoST Young Achievers’ Safe Food Award.

Fi Vietnam 2022 is scheduled to last until October 14.

Vietnam attends 5th Russian Energy Week Int’l Forum

Minister of Industry and Trade Nguyen Hong Dien is in Moscow to attend the Russian Energy Week (REW 2022) International Forum, which was opened at Manege Central Exhibition Hall on October 12.

The event, the fifth of its kind, gathered more than 3,000 delegates, including ministers from Azerbaijan, Algeria, Hungary, Venezuela, Kazakhstan, Mali, Myanmar, Belarus, Syria, Sierra Leone, Turkey, Sri Lanka and Vietnam, and around 50 heads of diplomatic corps, together with CEOs and representatives of major energy corporations and organisations and leading energy sector experts from some 70 countries around the globe.

Russian President Vladimir Putin is scheduled to address the plenary session of the forum, themed “Global Energy in a Multipolar World”, on the same day.

Seminar to promote Korean investment in Vietnam

A seminar will be held by Viet Nam News in Hanoi on October 18 to discuss the Republic of Korea (RoK)’s investment in Vietnam to mark the 30th anniversary of the countries’ diplomatic ties.

The event will be attended by the Vietnam News Agency General Director, the editorial board of the Viet Nam News daily, representatives of the Korean Chamber of Commerce (KOCHAM), and major Korean companies including Samsung, POSCO and DEEP C, along with officials of several Vietnamese localities and ministries.

Dr. Vo Tri Thanh, Director of the Institute for Brand and Competitiveness Strategy, will act as coordinator at the seminar.

Participants will look into Vietnam’s FDI attraction policy and direction, investment opportunities for FDI firms, the reasons why Korean enterprises choose Vietnam as their destination, and the companies’ business orientations and proposals.

2022 Mekong Tourism Forum kicks off in Quang Nam

The 2022 Mekong Tourism Forum (MTF), themed “Rebuild Tourism, Rebound with Resilience”, opened in the central province of Quang Nam on October 12 with the participation of more than 250 delegates from Vietnam and other Greater Mekong Sub-region (GMS) nations, as well as international tourism organisations.

The forum featured three interactive expert-led panel discussions centering on measures for sustainable tourism recovery, development and promotion; new methods to connect sustainable tourism suppliers and buyers; and technology to unlock green tourism opportunities.

First held in 1996, the forum is an annual event for tourism development and cooperation in the GMS, which comprises Cambodia, China, Laos, Myanmar, Thailand and Vietnam.

VN-Index revives nearly 29 points as foreign capital pours into market

Although the global stock market was gloomy, the cash flow actively poured into Vietnam's stock market for bottom-fishing right from the beginning of the trading session on October 12, causing the VN-Index to rebound robustly, fueled by foreign investors’ net buying of up to VND1.3 trillion in the whole market.

In the morning trading session, many banking and securities stocks hit the ceiling, such as STB, CTG, BID, ACB, and VCI, relieving the psychology of investors in the market. Stocks in the retail sector also gained strongly, in which FRT also hit the ceiling.

Cash flow actively entered the market as investors accepted to buy after the stock market dropped sharply for six consecutive weeks, causing the VN-Index to recover robustly. Foreign investors also poured money into the market for bottom-fishing and disbursed heavily with a net buying of up to VND668 billion. Of which, the net buying on the HoSE in this morning's trading session was VND649.5 billion, accounting for nearly 14 percent of HoSE's total trading volume.

At the end of the morning session, the VN-Index recouped all the points it lost the previous day when it jumped by 30.5 points, or 3.03 percent, to 1,036.7 points. Closing the morning session on the Hanoi Stock Exchange, the HNX-Index also surged by 4.11 points, or 1.88 percent, to 222.89 points.

In the afternoon session, the selling pressure increased, but the indexes were still fortified when the purple color was not only in banking and securities stocks but also in steel and fertilizer stocks, with HSG, HPG, DPM, and DCM hitting the ceiling.

Ending the trading session on October 12, the VN-Index climbed sharply by 28.61 points, or 2.84 percent, to close at 1,034.81 points, with 386 advancers, 96 decliners, and 46 unchanged stocks. On the smaller bourse in the North, the HNX-Index also gained 4.65 points, or 2.13 percent, to finish at 223.43 points, with 129 gainers, 64 losers, and 38 unchanged stocks.

However, the market liquidity decreased compared to the previous session, with the total trading value at nearly VND11.5 trillion. In this trading session, foreign investors net bought up to VND1.3 trillion in the whole market.

Digital transformation in banking focuses on convenience, user experience

Vietnam Banks Association and IEC Group yesterday held a forum in Hanoi for digital transformation in banking, themed ‘Banking Industry – Active and Pioneering in Industry 4.0’ (Smart Banking 2022). The forum was chaired by the Central Economic Commission and the State Bank of Vietnam.

In his speech, Head of the Central Economic Commission Tran Tuan Anh stated that banking is an extremely important industry as it is considered the ‘lifeline’ of the national economy. So far, the State Bank of Vietnam and the whole banking industry have actively taken part in Industry 4.0 via digital transformation activities.

Deputy Governor of the State Bank of Vietnam Nguyen Kim Anh shared that his organization has always closely observe all guidelines of the Central Party, the Government, the Prime Minister to direct the whole banking industry to be more proactive in taking advantages of opportunities offered by Industry 4.0. various measures and strategies have been adopted by banks and credit organizations to carry out the digital transformation process.

In the framework of this forum, the National Cyber Security Center (NCSC) – member of the Information Security Authority (Ministry of Information and Communications) collaborated with the IT Authority, the State Bank of Vietnam, and IEC Group to host a cyber defense drill named ‘DF Cyber Defense 2022’.

This is an annual large-scaled event about cyber security in the banking and finance industry in Vietnam. 200 cyber safeguard experts in 60 teams from 50 banks and financial organizations are going to work together to devise practical solutions to the bank’s security. These teams will compete for the top position right at the ‘cyber battlefield’ of DF Cyber Defense 2022.

Car sales continues to rise in September

Vietnam's consumption of new cars grew steadily in September, surpassing last year's period by 147 per cent.

According to the Vietnam Automobile Manufacturers’ Association (VAMA), Vietnam’s car sales reach 33,463 vehicles in September, up 8.5 per cent against August and 147 per cent against September 2021.

Specifically, sales of passenger cars in September climbed 2 per cent from a month earlier to 25,611 units. Commercial vehicle deliveries jumped 37 per cent to 7,539 units, while special-purpose vehicles rose 11 per cent to 313 units.

Deliveries of completely knocked-down vehicles increased 11 per cent to 17,193 units. Meanwhile, sales of completely built vehicles rose 6 per cent to 16,270 units.

Vietnam’s car sales continue its growing momentum since July, following a sharp drop in June. Besides VAMA members, the sales of other large automobile enterprises also increased in September. Thanh Cong Group sold more than 8,600 units in last month.

For the first nine months of the year, car brands in the market sold a total of 296,403 vehicles. If the trend continues into the future with the sales of over 40,000 vehicles per month, Vietnam’s automobile market will cross the milestone of 500,000 car sales in 2022. This milestone will help the country remove the label of a small car market, thereby promoting the development of local automobile suppliers.

Deputy PM requests reviewing, amending regulations on petroleum trading

The Government Office, on October 12, issued an announcement on the conclusion of Deputy Prime Minister Le Van Thanh at a meeting on the management and administration of petroleum products for the domestic market.

The announcement stated that recently, some petroleum retail businesses in Southern provinces and cities, such as Ho Chi Minh City, Can Tho, An Giang, Binh Phuoc, and Dak Lak, closed or temporarily suspended operations. According to a report from the Ministry of Industry and Trade (MoIT), about 200 petrol stations shut down, significantly affecting the psychology and daily life of people.

Faced with the above situation, the Deputy PM requested the MoIT, as an agency assigned by the Government to have State management authority over petroleum products, to actively follow the actual situation and market developments, urgently adopt measures to inspect and supervise, promptly prevent, and strictly handle the acts of speculation, smuggling of petrol and oil products, and other violations in petroleum trading.

The MoIT is requested to create conditions for enterprises to maintain production and business activities to ensure petroleum supply and national energy security. The Deputy PM assigned the MoIT to take the lead and coordinate with the Ministry of Finance and relevant agencies to review and amend Decree No.95/2021/ND-CP and Decree No.83/2014/ND-CP on petroleum trading and report to the Government in October.

Source: VNA/SGT/VNS/VOV/Dtinews/SGGP/VGP/Hanoitimes