Fuel wholesalers record losses from granting high commissions

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SaiGon GP English 35 month(s) ago 2 related news

Fuel wholesalers record losses from granting high commissions

Deputy Minister of Finance Vu Thi Mai told reporters on Dec 19 that some wholesale fuel suppliers have claimed losses repeatedly, when actually they have been raking in huge profits.

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Fuel dealers to blame for losses

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VietnamNet English 35 month(s) ago 2 related news

Fuel dealers to blame for losses

Fuel wholesalers would all be profitable if they had followed regulations and stuck to offering a commission of only VND600 per litre to dealers, said Deputy Minister of Finance (MoF) Vu Thi Mai.

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Audit uncovers fuel wholesalers’ hefty profits

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Báo Đầu Tư English 35 month(s) ago 2 related news

Audit uncovers fuel wholesalers’ hefty profits

Although fuel wholesalers have repeatedly claimed a “refrain” bemoaning of losses, they have actually been operating with enormous profits, Deputy Minister of Finance Vu Thi Mai said in a press briefing yesterday, citing audit results.

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