Tag: Vietnam

Vietnam’s fuel subsidies getting in the way of E5’s viability

Vietnam’s fuel subsidies getting in the way of E5’s viability

May 15, 2019 |

In Vietnam, local press reports that on top of falling demand for E5 over the past 18 months whereby stations find it hard to justify storing and selling the fuel when only a few hundred liters per month are sold, it’s become even less viable due to rising oil prices that kick in the government’s […]

Read More

Vietnam to review E5 policy as consumption dips again

Vietnam to review E5 policy as consumption dips again

May 8, 2019 |

In Vietnam, despite pushing E5 heavily and a fuel shortage earlier in the year that forced drivers to fill up with ethanol-blended gasoline, local press reports that the government is concerned by a drop-off in E5 consumption so has called for a policy review to see what other measures can be taken. Consumption of E5 […]

Read More

Ho Chi Minh City sees E5 soar to 40% market share

Ho Chi Minh City sees E5 soar to 40% market share

April 9, 2019 |

In Vietnam, local press reports that with the government setting the price of 5% ethanol blended gasoline below the price of standard 95 octane gasoline, market share has jumped to 40% in Ho Chi Minh City from a previous 30%. Car owners are still slow to pick up on the use of the E5 blend […]

Read More

Fuel shortage in Vietnam sees drivers forced to use E5

Fuel shortage in Vietnam sees drivers forced to use E5

April 4, 2019 |

In Vietnam, drivers have been reluctant to switch to E5 RON92 despite various rounds of incentives and communications campaigns by the government but now they’re left with little choice but to use the fuel as the country’s largest refiner shut down earlier in the year, leaving filling stations with only about half of their RON95 […]

Read More

Quảng Ngãi and Bình Phước are ramping back up

Quảng Ngãi and Bình Phước are ramping back up

March 27, 2019 |

In Vietnam, part of the government’s plan to revitalize state-owned projects among a variety of sectors includes the revamping of Quảng Ngãi ethanol plant has seen the project already kick off while Bình Phước is set to commission upgrades soon so it can restarted trade. First-ever production Quảng Ngãi begin in November 2018 and has […]

Read More

Vietnam lowers fuel prices in line with falling petroleum with E5 at 84 cents per liter

Vietnam lowers fuel prices in line with falling petroleum with E5 at 84 cents per liter

November 6, 2018 |

In Vietnam, the government has reduced the pump price of E5 to 84 cents per liter in an attempt to boost demand as uptake continues to be slow. E0 as well as diesel prices were also lowered, while kerosene remained unchanged. The ministries lowered the fuel prices in response to fossil fuel prices dropping by […]

Read More

Vietnam to allow Phu Tho ethanol plant to go bankrupt

Vietnam to allow Phu Tho ethanol plant to go bankrupt

November 5, 2018 |

In Vietnam, the government is expected to allow the Phu Tho ethanol plant to go bankrupt despite the push to bring mothballed plants back online as it seeks to boost domestic production because the business model of the facility mixed with its unfavorable location mean it will never be viable. Construction started on the $74 […]

Read More

E5 demand finally picking up in Ho Chi Minh City

E5 demand finally picking up in Ho Chi Minh City

October 16, 2018 |

In Vietnam, the Saigon Times reports that the government’s efforts to promote E5 are at last beginning to pay off as consumption rises in Ho Chi Minh City to more than 30,000 cubic meters per month, more than 3.5 times original volumes when the fuel was first launched. E5 is now priced at a discount […]

Read More

Vietnam’s Dung Quat ethanol plant online after three-year hiatus

Vietnam’s Dung Quat ethanol plant online after three-year hiatus

October 15, 2018 |

In Vietnam, after being offline for three years, the controversial Dung Quat ethanol plant resumed production over the weekend in a run-up to commercial production following tweaks that will be made later in the month after the trial run. Only 2,000 metric tons will be produced during the initial start up phase, then another 7,000 […]

Read More

Vietnam’s biofuel consumption sky rockets from 9% to 40% in a year

Vietnam’s biofuel consumption sky rockets from 9% to 40% in a year

September 15, 2018 |

In Vietnam, biofuel consumption is increasing thanks to the government’s push for mass commercial usage of biofuel nationwide this year, with E5 RON 92 going from only 9% of total petrol consumption last year to an impressive 40% of total petrol consumption this year. According to the Ministry of Industry and Trade, biofuel consumption topped […]

Read More