Vietnam sets E5 mandate for December 31

In Vietnam, the government has set December 31 as the new date for implementing its E5 mandate after several false starts at converting the voluntary blending scheme into a mandate. The delay in implementation has weighed heavily on the industry, forcing most plants to shut down completely or run at very low rates. Price controls will also be set by the government in order to avoid the creation of ethanol monopolies. It is looking into potential import taxes on ethanol as well in order to support the domestic industry.