Sign up | Log in



Home>>Daily News>>Vietnam>>Economy>>Petrol price stabilisation fund balance surges to VND5.22 trillion

NEWS UPDATES Asean Affairs   November 22,  2017  


Petrol price stabilisation fund balance surges to VND5.22 trillion

The balance of the petrol price stabilisation fund surged to more than VNĐ5.22 trillion (some US$ 230 million) at the end of the third quarter of 2017, the Ministry of Finance reported on Monday.

Of the total, the balance of the fund at Việt Nam National Petroleum Group (Petrolimex) was the highest with VNĐ3.1 trillion. It was followed by PetroVitenam Oil Corporation (PV Oil) with VND457.6 billion, Military Petroleum Corporation (MIPECORP) with VNĐ381.6 billion and One-Member Limited Liability Oil and Gas Company of HCM City with VND352.7 billion.

However, there were five out of 27 petrol traders reporting negative fund balances. The highest negative fund balance was at Nam Việt Petro Refinery and Chemicals Company with over VND24.6 billion.

The fund used VND1.47 trillion to stabilise petrol retail prices in the third quarter of the year.

According to the ministry’s data, the fund’s balance has experienced significant growth since the beginning of this year. The amount was more than VNĐ2.4 billion trillion in the first quarter and VND3.97 trillion by the end of the second quarter, owing to the contribution made by petrol businesses. It jumped to over VND5.22 trillion in the third quarter.

Contributed by petroleum wholesale distributors, the price stabilisation fund aims to prevent a bigger retail price spike when the imported price surged

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

  Today's  Stories                         November 22,  2017
• FM proposes China-Myanmar economic corridor Subcribe: Asean Affairs Global Magazine
• IMF backs lower reserve requirement on PHL banks Subsribe Now !
IMF expects to see Myanmar economy rebound to 6.7 percent growth for 2017-18
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Cebu Landmasters and partners to build Citadines project in Davao
• Petrol price stabilisation fund balance surges to VND5.22 trillion
Asean Analysis                  October 27,  2017
• Asean Analysis October 27, 2017
Southeast Asia from Scott Circle: Indonesian Presidential Politics Begins to Heat Up 18 Months before Elections
Advertise Your Brand

Asean Stock Watch   November 17,  2017

• Asean Stock Watch-November 17, 2017
The Biweekly Update
• The Biweekly Update  October 27, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand