Vietnam: 06 conditions for traders to be granted a petrol and oil import or export license

Currently, petrol and oil trading covers export (of domestically produced petrol and oil and raw materials and imported petrol and oil and raw materials), import, temporary import for re-export, border-gate transfer and export processing of petrol and oil and raw materials; production and processing of petrol and oil; distribution of petrol and oil on the domestic market; and provision of services of warehouse and port leasing and receipt, preservation and transportation of petrol and oil.

According to Decree No. 83/2014/NĐ-CP of Vietnam’s Government, a trader that fully meets the conditions below may be granted a petrol and oil import or export license by the Ministry of Industry and Trade:

- Being established lawfully, having registered for petrol and oil trading as specified in its enterprise registration certificate.

- Having a special-use wharf in Vietnam’s international port system, which is capable of receiving oil tankers or other petrol and oil transport vehicles with a tonnage of at least seven thousand (7,000) tons under its ownership or co-ownership or on a lease for at least five (5) years.

- Having a depot with a minimum capacity of fifteen thousand (15,000) cubic meters to receive petrol and oil from oil tankers and special-use transport vehicles, which are under its ownership or co-ownership or on a lease for at least five (5) years.

- Having vehicles for domestic petrol and oil transport under its ownership or co-ownership or on a lease for at least five (5) years from a petrol and oil service provider.

- Having a petrol and oil distribution system: At least ten (10) petrol and oil retail stations under its ownership or co-ownership and at least forty (40) petrol and oil general agents or retail agents in its distribution system.

- Exporters and importers of jet fuel are not required to have a distribution system prescribed in Clause 5 Article 7 of this Decree, but must have jet fuel filling equipment under their ownership or co-ownership.

View more details at Decree No. 83/2014/NĐ-CP of Vietnam’s Government, effective from November 01, 2014.

Thu Ba

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