The Ministry of Industry and Trade (MOIT) has proposed transferring its responsibility for petroleum reserve management to the Ministry of Finance (MOF). But MOF says that only MOIT is in the position to undertake the work.

A number of petroleum distributors are in distress: their tax debts are increasing and their leaders have been prohibited from leaving the country.

Whether prices of gasoline in Vietnam are reasonable with regard to income per capita compared to those of other countries around the world remains controversial.

Most of the $11.5 billion required to build the petroleum reserve infrastructure system by 2030 will come from outside the federal budget.