#Ministry of Industry and Trade

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PVOIL’s nationwide network of more than 900 stations continues to operate steadily, contributing to market stability.
Policy

Flexible use of stabilisation fund to curb fuel prices

Amid sharp fluctuations in the global energy market, particularly due to conflict in the Middle East, the Fuel Price Stabilisation Fund has become a key instrument to ease domestic petrol and diesel prices. Its recent high-level drawdowns have helped cool the market and limit impacts on households, production, and business activities.

The headquarters of the Ministry of Industry and Trade in Ha Noi (Photo: VNA)
Business

PM updates lead roles to drive UKVFTA forward

The Ministry of Industry and Trade (MoIT) is named the lead agency, with overall responsibility for the agreement’s general goals and definitions, trade remedies, non-tariff barriers to trade and investment in renewable energy, competition policies, State-owned enterprises, enterprises with special or exclusive rights and those with designated monopolies, as well as institutional, general and final terms.

Market surveillance officers in Hai Phong impose penalties on a fashion shop for selling counterfeit branded clothing on social media platforms.
Policy

Sustainable development of e-commerce market

According to data from the Agency for Domestic Market Surveillance and Development under the Ministry of Industry and Trade, e-commerce is playing a pivotal role in promoting the development of Viet Nam’s retail market. It not only contributes to revenue growth but also expands market access and promotes digital consumption.

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