Circular 38: 06 responsibilities of petrol and oil distributors in Vietnam

According to Circular No. 38/2014/TT-BCT of the Ministry of Industry and Trade of Vietnam, a petrol and oil distributor shall:

- Periodically register its/his/her petrol and oil distribution networks with the Ministry of Industry and Trade before January 31 every year. Within ten (10) working days after making any changes in these networks, send modified registrations to the Ministry of Industry and Trade.

- Send monthly, quarterly and annual reports on quantities of petrol and oil brought into and out of and left in depots in the north, central and south to the Ministry of Industry and Trade and send extraordinary reports upon request of the Ministry of Industry and Trade. Send periodical reports to the Ministry of Industry and Trade before the 20th of the first month of the subsequent reporting period.

- Sign a contract to purchase petrol and oil from a key trader or another petrol and oil distributor according to Article 15 of Decree No. 83/2014/NĐ-CP of Vietnam’s Government.

- Sign an agent contract to deliver petrol and oil to an agent for petrol and oil distribution.

- Sign a petrol and oil retail franchise contract with a petrol and oil retail franchisee.

- Manage its/his/her petrol and oil distribution networks and traders of these networks, ensuring lawful petrol and oil trading activities, market stabilization and price stabilization.

View more details at Circular No. 38/2014/TT-BCT of the Ministry of Industry and Trade of Vietnam, effective from November 01, 2014.

Thu Ba

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