Vietnam: Guidance on registration of annual minimum petrol and oil import quotas

A petrol and oil import and export trader shall register annual minimum petrol and oil import quotas according to guidance provided in Circular No. 38/2014/TT-BCT of the Ministry of Industry and Trade of Vietnam, specifically as follows:

- A petrol and oil import and export trader shall send 01 set of dossier for registration of a minimum petrol and oil import quota for the subsequent year under Article 34 of Decree No. 83/2014/NĐ-CP to the Ministry of Industry and Trade before November 15 of the current year.

- Within 30 working days after receiving the trader’s dossier, the Ministry of Industry and Trade shall, based on the total demand for petrol and oil for domestic sale and the total quantity of petrol and oil for domestic production and processing, assign a minimum petrol and oil import quota to each enterprise, depending on types of petrol and oil.

- If refusing to assign a minimum petrol and oil import quota to the trader, the Ministry of Industry and Trade shall issue a written reply clearly stating the reason.

- If wishing to adjust the minimum petrol and oil import quota, the trader shall send a written request for adjustment to the Ministry of Industry and Trade before September 30 every year.

- A petrol and oil import and export trader shall conduct import on a quarterly basis or comply with the Ministry of Industry and Trade’s written instructions, if any, on petrol and oil import schedule, to ensure sufficient petrol and oil for supply.

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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