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Vietnam's Department of Domestic Market Management and Development said it has fined three fuel-trading companies for violations of fuel storage regulations. Following Decision No. 72/QĐ-TTTN dated March 9, 2026 by the Head of the Department of Domestic Market Management and Development, the delegation established to accelerate state management and monitor the activities of main traders in supplying and circulating fuel has conducted inspections and supervision of 26 fuel trading companies nationwide. The focus of these efforts was to ensure compliance with supply guarantees and to maintain the minimum circulating fuel reserves. During the sessions, authorities identified, verified, and issued administrative violation records against three main traders: Hai Duong Fuel Materials Joint Stock Company; Vietnam Oil Corporation - Joint Stock (PVOIL); Vinh Long Petro Fuel Co., Ltd. These companies did not maintain the mandatory fuel reserves or kept reserves below the minimum required. In addition to the cases already sanctioned, the Department is continuing to work with five other main traders showing signs of violations related to minimum reserves. Among them, one case showed signs of hoarding and is being investigated and clarified for legal action. Strengthening inspection, supervision, and strict handling of violations is identified as a central measure to tighten discipline in fuel trading operations, contributing to a stable supply and domestic energy security."
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