Annulling several articles and clauses of Decree No. 83/2014/NĐ-CP of Vietnam’s Government

Specifically, according to Article 2 of Decree No. 08/2018/NĐ-CP of Vietnam’s Government on annulment of certain articles and clauses of Decree No. 83/2014/NĐ-CP:

- Article 5, Clause 6 Article 7, Article 10, Clause 1 Article 24 and Clauses 4 and 5 Article 41 are annulled.

- The following contents of Article 7 are annulled:

+ The following content of Clause 3 is annulled: “Three (3) years after obtaining a license for petrol and oil import/export, the importer/exporter shall own or co-own (with the stake of at least fifty-one percent (51%)) the depot system, which is capable of meeting at least one-third (1/3) of the importer’s or exporter’s reserve demand mentioned in Clause 1 Article 31 herein".

+ The following content of Clause 4 is annulled: “Two (2) years after obtaining a license for petrol and oil import/export, the importer/exporter shall own or co-own (with the stake of at least fifty-one percent (51%)) vehicles transporting domestic petrol and oil with the total load capacity of at least three thousand cubic meters (3,000 m3)”.

+ The following content of Clause 5 is annulled: “Every year, after obtaining the license for petrol and oil import/export, the importer/exporter shall own or co-own at least four (4) petrol and oil retail stations until its distribution system has at least one hundred (100) petrol and oil retail stations".

Concurrently, Decree No. 08/2018/NĐ-CP also amends and supplements certain contents of Decree No. 83/2014/NĐ-CP. View detailed amendments at Decree No. 08/2018/NĐ-CP of Vietnam’s Government, effective from January 15, 2018.

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