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NameCondition for granting license in import and export of petrol and oil
DescriptionPetrol 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.
CommentsA 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: 1. Being established lawfully, having registered for petrol and oil trading as specified in its enterprice registration certificate. 2. 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. 3. 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. Three (3) years after being granted a petrol and oil import or export license, the trader shall own or co-own (with a capital contribution of at least fifty-one percent (51%) the depot system, which is capable of meeting at least one-third (1/3) of the trader’s reserve demand as prescribed in Clause 1, Article 31 of this Decree. 4. 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. Two (2) years after being granted a petrol and oil import or export license, the trader shall own or co-own (with a capital contribution of at least fifty-one percent (51%) vehicles for domestic petrol and oil transport with a total load capacity of at least three thousand cubic meters (3,000 m3). 5. 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. Every year after being granted a petrol and oil import or export license, the trader 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. 6. Being conformable with the master plan on petrol and oil importers and exporters. 7. Exporters and importers of jet fuel are not required to have a distribution system prescribed in Clause 5 of this Article, but must have jet fuel filling equipment under their ownership or co-ownership.
Validity From01-11-2014
Validity To31-12-9999
Reference
Technical Code
AgencyMinistry of Industry and Trade
Created Date2016-08-30 16:34:07
Updated Date2016-11-28 22:37:29
StatusActive
Measure TypeTechnical Measures
Legal/RegulationDecree 83/2014/ND-CP on petrol and oil trading
Un CodeE111 - Licensing procedure with no specific ex-ante criteria

Procedures

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Procedure NameDescriptionCategoryView Procedure Detail with Relevant Forms
Granting trading license in petrol and oil import and exportGranting trading license in petrol and oil import and exportProcedureView

 

This measure applies to commodity/s
Displaying 1-10 of 33 result(s).
HS CodeDescription
- - - Motor spirit : - - - - Of RON 97 and above, leaded
- - - - Of RON 97 and above, unleaded
- - - - Of RON 90 and above, but below RON 97, leaded
- - - - Of RON 90 and above, but below RON 97, unleaded
- - - - Other, leaded
- - - - Other, unleaded
- Petroleum oils and oils obtained from bituminous minerals (other than crude) and preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the bas
- - - Tetrapropylene
- - - White spirit
- - - Low aromatic solvents containing by weight less than 1% aromatic content
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