Shares advance on the rise of oil stocks The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) rose 0.46 per cent to end Wednesday’s session at 846.92 points.

Gas prices fall on global oil declines

Gas prices fell VNĐ69,000 (US$3) per 12kg canister on Wednesday as global crude oil prices dropped sharply.

City cracks down on petrol stations that commit fire-safety violations

HCM City authorities are strengthening control over the trade of oil and petroleum products to ensure safety at petrol stations and gas shops that sell flammable substances.

Gas price increases for third straight month

Gas prices in the south increased by VNĐ17,000 (72 US cents) for a 12kg canister on Friday (March 1).

Government to ease gas trading

The Ministry of Industry and Trade (MoIT) will submit a draft decree to ease the entry of businesses into the gas trading market.

Draft decree on gas trading causes argument

The draft decree to replace Decree No 19/2016/NĐ-CP on gas trading has stirred controversy among gas traders, heard attendants at a conference held in Hà Nội on Wednesday.

Gas traders claim compensation

Some 800 small and medium sized gas trading companies have submitted a proposal to the Prime Minister Nguyễn Xuân Phúc and Minister of Industry and Trade Trần Tuấn Anh on gas trading requirements.

Officials propose measures to curtail sale of fake gas About 30 per cent of gas used in homes is fake, said Tran Minh Loan, deputy chairman of the Vietnam Gas Association.

Ministry keeps lid on gas prices The Ministry of Finance (MoF) has rejected a proposal to reduce the gas tariff to zero per cent in the hope of lowering retail prices.

Gas hike casts doubt on monopoly The large hike in gas prices beginning on December 1 has shocked many local consumers, while experts pointed to it as a sign of the existence of a monopoly.