Tag: Vietnam

Binh Phuoc Ethanol Plant costing $11.25M annually despite being mothballed

Binh Phuoc Ethanol Plant costing $11.25M annually despite being mothballed

May 11, 2020 |

In Vietnam, the VN Express newspaper reports a State Audit Agency report shows that despite the Binh Phuoc Ethanol Plant shutting down more than seven years ago, the defunct facility is still accruing $11.25 million per year in costs. More than $5.12 million is spent annually on loan interest for the non-functional plant in addition […]

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Vietnam looking at cutting environment taxes on E5 in wake of COVID-19

Vietnam looking at cutting environment taxes on E5 in wake of COVID-19

April 22, 2020 |

In Vietnam, the VN Express newspaper reports that the Ministry of Planning and Investment is looking at measures to help business hit by COVID-19. Among the list of tax breaks proposed is a cut to the current 16 cent per liter environment tax lobbed on E5 but they must still be approved by the national […]

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Former PetroVietnam chairman charged with failure of Phú Thọ ethanol project

Former PetroVietnam chairman charged with failure of Phú Thọ ethanol project

February 17, 2020 |

In Vietnam, Malaysia’s Star newspaper reports that the former chairman of PetroVietnam along with nine alleged accomplices are being charged over negligence surrounding the design, procurement and partial implementation of the ethanol project in Phú Thọ. The Ministry of Public Security says the contractors hired to undertake the project were not qualified and the project […]

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Vietnam’s E5 continues to lose market share

Vietnam’s E5 continues to lose market share

September 4, 2019 |

In Vietnam, VietnamNet reports that uptake of E5 at the pump continues to be lagging, with the fuel accounting for just 20% of market share during the first half of 2019 compared to just over 30% last year. Fuel retailers put the blame on retail prices that are too similar to standard gasoline, so drivers […]

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Vietnamese ethanol producing testing out US corn as feedstock

Vietnamese ethanol producing testing out US corn as feedstock

June 24, 2019 |

In Vietnam, the country’s sole ethanol producer is preparing to test U.S. corn as a feedstock with a hammer mill purchased during a mission to the United States in June. The mission is one part of the U.S. Grains Council’s (USGC’s) efforts to support Vietnamese government and industry members as they work to increase ethanol […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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