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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

VietNam: Petrol stabilisation fund here to stay despite opposition

Posted on 01 November 2010

From Vietnamnet.vn: The ministry’s (MoF) Minister Vu Van Ninh said the fund reached the planned target of price stabilisation by the government. Under the MoF’s instruction, the fund was built from surcharges collected from petrol and oil retailing and kept by petroleum traders which would be used for price stabilisation.

Ninh said in other countries, petrol prices were often adjusted by world market prices, which led to different daily pricing levels…………………………………….Full Article: Source

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