THE MINISTRY OF FINANCE
------------
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom Happiness
--------------
No. 15/2004/TT-BTC
Hanoi, March 9, 2004
 
CIRCULAR
The Ministry of Finance hereby guides the implementation of the Government's Decree No. 170/2003/ND-CP of December 25, 2003 detailing the implementation of a number of articles of the Price Ordinance as follows:
A. SCOPE OF APPLICATION
This Circular guides the commodities and services subject to valorization; the powers and responsibilities of agencies and units in the elaboration, submission and appraisal of price options and price decisions; the dossiers of price options and contents thereof; dossiers and procedures for price consultation; the State's assets subject to price appraisal and price-appraising activities.
B. SPECIFIC PROVISIONS
I. COMMODITIES AND SERVICES SUBJECT TO VALORIZATION
1. The prices of goods and services listed for valorization shall be determined as abnormal fluctuations under the provisions in Articles 2, 3, 4, 5 and 6 of the Government's Decree No. 170/2003/ND-CP of December 25, 2003 detailing the implementation of a number of articles of the Price Ordinance under the following specific conditions:
1.1. Petrol, oil: Within at least 30 consecutive days, if the average cost price of petrol (A90, A92), diesel, fuel oil or kerosene is 5% plus higher than the sale price, the maximum is decided by
1.2. Liquefied gas: Within at least 60 consecutive days, the retail price rises 30% or higher over pre-fluctuation market price.

>> See also:  DECREE No.107/2009/ND-CP ON TRADING OF LIQUEFIED PETROLEUM GAS THE GOVERNMENT

 

>> See also:  How to establish a foreign-invested company in Vietnam?