Petrol price subsidization fund’s remains top $126 million

SGGP
The Ministry of Finance on Wednesday announced that the petrol price subsidization fund’s remains reached VND2,864 billion (US$126.36 million) in the first quarter this year.

Petrol price subsidization fund’s remains top $126 million

The remainder was VND2,389 billion on January 1 and exceeded VND2,864 billion at the end of March 31.  
In the first quarter,  contribution amount by businesses to the fund totaled VND1,207 billion, spending hit VND780 billion and interest revenue reached VND3 billion.
Vietnam National Oil and Gas Group had the largest remainder with VND2 trillion.

By NGOC QUANG – Translated by Hai Mien

Related news

Other news

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.