EXTEND THE STORAGE DURATION OF PETROL AND OIL SHIPMENTS UNTIL THE END OF 2021
The Government promulgates the Resolution No. 124/NQ-CP on continuing the extension of storage duration of aviation fuel temporarily imported for re-export on October 06, 2021.
Specifically, the Government agrees to extend the storage period in Vietnam to the end of December 2021 for petrol and oil shipments that are temporarily imported for aviation supplies but cannot be re-exported under the Government’s Decree No 69/2018/ND-CP dated May 15, 2018, detailing a number of articles of the Law on Foreign Trade Management as proposed in the Ministry of Industry and Trade’s Document No. 4724/BCT-XNK dated August 05, 2021.
At the same time, to assign the Ministry of Industry and Trade to assume the prime responsibility for, and coordinate with the Ministry of Finance and related agencies in, organizing the implementation of the plan according to the law-specified order and procedures and relevant regulations, ensuring stringency, proper beneficiaries, and avoidance of abuse of the policy for personal gain; and take the entire responsibility for the reported and proposed contents and data.
The Resolution takes effect on the signing date.
