Fuel Prices Vietnam - Revision history

Ranisha at 16:06, 15 July 2014

2014-07-15T16:06:00Z

Armin Wagner at 14:45, 15 April 2013

2013-04-15T14:45:57Z

Armin Wagner at 13:39, 26 March 2013

2013-03-26T13:39:24Z

Armin Wagner at 19:40, 8 February 2013

2013-02-08T19:40:31Z

Tai Becker: Protected "Fuel Prices Vietnam" ([edit=sysop] (indefinite) [move=sysop] (indefinite)) [cascading]

2012-12-04T11:00:15Z

Protected "Fuel Prices Vietnam" ([edit=sysop] (indefinite) [move=sysop] (indefinite)) [cascading]

Ingmar Schlecht: 1 revision

2012-12-02T17:33:48Z

1 revision

Ingmar Schlecht: Text replace - "Fuel Price Exchanre Rate Date" to "Fuel Price Exchange Rate Date"

2012-11-14T16:57:13Z

Text replace - "Fuel Price Exchanre Rate Date" to "Fuel Price Exchange Rate Date"

New page

{{Fuel Price Factsheet
|Fuel Price Country=Vietnam
|Fuel Currency=VND
|Fuel Price Exchange Rate=19271
|Fuel Price Exchange Rate Date=2010/11/17
|Fuel Price Last Updated=
|Fuel Price Composition=GIZ_IFP2012_Vietnam1.png
|Fuel Price Composition Fuel Type=Gasoline 92 Octane
|Fuel Price Composition Date=2011/03/29
|Fuel Price Composition 2=GIZ_IFP2012_Vietnam2.png
|Fuel Price Composition Annotation 2=(*The Special Consumption Tax is 10% of import price (incl. import tax, which is 0% as of March 2011))

(**VAT is 10% of pump price minus Fuel Charge of 1000 Dong.)

Import Price is the 30-day-average Singapore spot market price.

As of March 2011, there is no „Fuel Charge“ on diesel.

Source: http://www.petrolimex.com.vn/
|Fuel Pricing Policies=Petrolimex is the national petroleum corporation in Vietnam. Fuel prices follow a formula, based on import prices (Singapore spot market prices) and several margins, taxes and levies. The price is calculated and published daily by Petrolimex. In the daily newsletter publication, not only pump prices, but also the complete price breakdown is being published.

Vietnam has a stabilization fund for oil products, which is used to lower pump prices at times of import price peaks. As of March 2011, the value is positive, i.e. every sold litre of gasoline or diesel brings 300 Dong into the fund.

Historical timelines/statistics of fuelprices could not be found on the Petrolimes website (http://www.petrolimex.com.vn/).
|Fuel Matrix Price Level=2
|Fuel Matrix Pricing Mechanism=2
|Fuel Matrix Annotation=Historical fuel price data missing.
|Fuel Transparency Price Composition=3
|Fuel Transparency Pricing Mechanism=2
}}
{{Fuel Price Factsheet Source
|Fuel Price Factsheet Source Type=Pump prices and margins
|Fuel Price Factsheet Source Link=http://www.petrolimex.com.vn/Desktop.aspx/Trang-Noi-Dung/Gia-co-so/
|Fuel Price Factsheet Source Annotation=In Vietnamese language
}}
{{Fuel Price Factsheet Source
|Fuel Price Factsheet Source Type=Price Composition
|Fuel Price Factsheet Source Link=http://www.petrolimex.com.vn/Desktop.aspx/Trang-Noi-Dung/Gia-co-so/
|Fuel Price Factsheet Source Annotation=In Vietnamese language
}}
{{Fuel Price Factsheet Source
|Fuel Price Factsheet Source Type=Other Information
|Fuel Price Factsheet Source Link=http://www.petrolimex.com.vn/
}}

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Vietnam
-|Fuel Pricing Policies="Pricing policy: Vietnam has a price stabilization fund and every liter sold contributes to it, with the contribution varying from time to time. The money from or to oil companies goes through the fund and nothing goes to government: suppliers are instructed to either apply an extra levy (and retain it in their accounts) or use part of the imputed value of suppliers’ funds. Until recently, fuel prices were set by government with irregular adjustments. The stabilization fund was D703 billion (US$33 million) in the deficit in early 2011. In Apr 2012, Ministry of Trade and Industry said outflows from the fund exceeded inflows by more than D2.3 trillion (US$110 million), and yet still leaving companies with losses of D5 trillion (US$239 million). Since mid-2012, price adjustments have been more market-based, with wholesalers allowed to adjust prices (although still subject to final government approval). Where price adjustments exceeding 7% are necessary, government is to consider other options to stabilize prices, such as reducing import tariffs and drawing down on the stabilization fund. Government was going to start deregulating prices in May 2007 but stopped because of price volatility. Government abolished subsidies to importers, but they were not allowed to raise retail prices without approval from the trade and finance ministries. With increases in retail prices failing to stay in line with rising international prices, importers suffered from negative margins.
+|Fuel Pricing Policies="Pricing policy: Vietnam has a price stabilization fund and every liter sold contributes to it, with the contribution varying from time to time. The money from or to oil companies goes through the fund and nothing goes to government: suppliers are instructed to either apply an extra levy (and retain it in their accounts) or use part of the imputed value of suppliers’ funds. Until recently, fuel prices were set by government with irregular adjustments. The stabilization fund was D703 billion (US$33 million) in the deficit in early 2011. In Apr 2012, Ministry of Trade and Industry said outflows from the fund exceeded inflows by more than D2.3 trillion (US$110 million), and yet still leaving companies with losses of D5 trillion (US$239 million). Since mid-2012, price adjustments have been more market-based, with wholesalers allowed to adjust prices (although still subject to final government approval). Where price adjustments exceeding 7% are necessary, government is to consider other options to stabilize prices, such as reducing import tariffs and drawing down on the stabilization fund. Government was going to start deregulating prices in May 2007 but stopped because of price volatility. Government abolished subsidies to importers, but they were not allowed to raise retail prices without approval from the trade and finance ministries. With increases in retail prices failing to stay in line with rising international prices, importers suffered from negative margins. In Jan and Feb 2013, government did not allow prices to rise and instead asked fuel suppliers to draw from the stabilization fund to reduce losses.
 Tax reductions: Import tariffs on gasoline and jet fuel were abolished in Feb 2012 and on diesel and kerosene in Mar 2012. Government has historically adjusted import tariffs frequently to smooth retail prices.

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Vietnam
@@ Line 29: / Line 30: @@
 |Fuel Transparency Price Composition=3
 |Fuel Transparency Pricing Mechanism=2
-}}
+}} {{Fuel Price Factsheet Source
 {{Fuel Price Factsheet Source
 |Fuel Price Factsheet Source Type=Pump prices and margins
 |Fuel Price Factsheet Source Link=http://www.petrolimex.com.vn/Desktop.aspx/Trang-Noi-Dung/Gia-co-so/
 |Fuel Price Factsheet Source Annotation=In Vietnamese language
-}}
+}} {{Fuel Price Factsheet Source
 {{Fuel Price Factsheet Source
 |Fuel Price Factsheet Source Type=Price Composition
 |Fuel Price Factsheet Source Link=http://www.petrolimex.com.vn/Desktop.aspx/Trang-Noi-Dung/Gia-co-so/
 |Fuel Price Factsheet Source Annotation=In Vietnamese language
-}}
+}} {{Fuel Price Factsheet Source
 {{Fuel Price Factsheet Source
 |Fuel Price Factsheet Source Type=Other Information
 |Fuel Price Factsheet Source Link=http://www.petrolimex.com.vn/
 }}

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Vietnam
-|Fuel Pricing Policies=Petrolimex is the national petroleum corporation in Vietnam. Fuel prices follow a formula, based on import prices (Singapore spot market prices) and several margins, taxes and levies. The price is calculated and published daily by Petrolimex. In the daily newsletter publication, not only pump prices, but also the complete price breakdown is being published.
+|Fuel Pricing Policies="Pricing policy: Vietnam has a price stabilization fund and every liter sold contributes to it, with the contribution varying from time to time. The money from or to oil companies goes through the fund and nothing goes to government: suppliers are instructed to either apply an extra levy (and retain it in their accounts) or use part of the imputed value of suppliers’ funds. Until recently, fuel prices were set by government with irregular adjustments. The stabilization fund was D703 billion (US$33 million) in the deficit in early 2011. In Apr 2012, Ministry of Trade and Industry said outflows from the fund exceeded inflows by more than D2.3 trillion (US$110 million), and yet still leaving companies with losses of D5 trillion (US$239 million). Since mid-2012, price adjustments have been more market-based, with wholesalers allowed to adjust prices (although still subject to final government approval). Where price adjustments exceeding 7% are necessary, government is to consider other options to stabilize prices, such as reducing import tariffs and drawing down on the stabilization fund. Government was going to start deregulating prices in May 2007 but stopped because of price volatility. Government abolished subsidies to importers, but they were not allowed to raise retail prices without approval from the trade and finance ministries. With increases in retail prices failing to stay in line with rising international prices, importers suffered from negative margins.
-Vietnam has a stabilization fund for oil products, which is used to lower pump prices at times of import price peaks. As of March 2011, the value is positive, i.e. every sold litre of gasoline or diesel brings 300 Dong into the fund.
+Tax reductions: Import tariffs on gasoline and jet fuel were abolished in Feb 2012 and on diesel and kerosene in Mar 2012. Government has historically adjusted import tariffs frequently to smooth retail prices.
-Historical timelines/statistics of fuelprices could not be found on the Petrolimes website (http://www.petrolimex.com.vn/).
+Hedging: After fuel-hedging losses of some US$30 million in 2008, several airline executives were jailed, allegedly for acting irresponsibility and causing losses, and two foreign executives were barred from leaving the country."
-"Vietnam has a price stabilization fund and every liter sold contributes to it, with the contribution varying from time to time. Until recently, fuel prices were set by government with irregular adjustments. Since mid-2012, price adjustments have been more market-based, with wholesalers allowed to adjust prices (although still subject to final government approval). Where price adjustments exceeding 7% are necessary, government is to consider other options to stabilize prices, such as reducing import tariffs and drawing down on the stabilization fund. Government was going to start deregulating prices in May 2007 but stopped because of price volatility. Government abolished subsidies to importers, but they were not allowed to raise retail prices without approval from the trade and finance ministries. With increases in retail prices failing to stay in line with rising international prices, importers suffered from negative margins. Import tariffs on gasoline and jet fuel were abolished in Feb 2012 and on diesel and kerosene in Mar 2012. Government has historically adjusted import tariffs frequently to smooth retail prices. The stabilization fund was D703 billion (US$33 million) in the deficit in early 2011. In Apr 2012, Ministry of Trade abd Industry said outflows from the fund exceeded inflows by more than D2.3 trillion (US$110 million), and yet still leaving companies with losses of D5 trillion (US$239 million)." (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
+(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
 |Fuel Currency=VND
 |Fuel Price Exchange Rate=19271

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Vietnam
 |Fuel Currency=VND
 |Fuel Price Exchange Rate=19271
 |Fuel Price Exchange Rate Date=2010/11/17
 |Fuel Price Composition=GIZ_IFP2012_Vietnam1.png
 |Fuel Price Composition Fuel Type=Gasoline 92 Octane
@@ Line 18: / Line 24: @@
 Source: http://www.petrolimex.com.vn/
 |Fuel Matrix Pricing Mechanism=2
 |Fuel Matrix Annotation=Historical fuel price data missing.
 |Fuel Transparency Price Composition=3