Vietnam

Xăng sinh học E10 được bán trên cả nước từ tháng 6/2026

VN Express | Local Language | News | Nov. 19, 2025 | UndeterminedEnergy Prices

Starting June 1, 2026, Vietnam will widely sell E10 gasoline, which blends 10% ethanol with conventional gasoline, nationwide as per Circular 50/2025 released by the Ministry of Industry and Trade. E5 RON92 gasoline will continue to be available until the end of 2030. The Ministry will periodically review and adjust biofuel blending ratios or introduce different gasoline types to ensure energy security, environmental protection, and consumer rights.

Currently, the pilot sale of E10 gasoline began on August 1, 2025, in Hanoi, Ho Chi Minh City, and Hai Phong by Petrolimex and PVOIL. While E10 can reduce greenhouse gas emissions and is compatible with most vehicles without engine modifications, some consumers remain cautious about its quality. Experts advise vehicle owners to check their safety instructions before using E10. The fuel is priced within the Ministry's fuel price management cycle and is generally cheaper than RON 95-III gasoline; as of November 13, 2025, E10 was priced at 20,150 dong per liter, 420 dong less than RON 95-III.

Vietnam currently operates six ethanol production plants with a combined capacity of 600,000 m3 per year, covering about 40% of ethanol demand for E10 blending. The gap is expected to be filled by imports, mainly from the United States and Brazil. The annual demand for E100 ethanol is estimated at 1.5 million m3, based on 2024 gasoline consumption. Major companies such as Petrolimex, PVOIL, BSR, and Saigon Petro have sufficient infrastructure to meet blending requirements.

While B5 and B10 bio-diesel blending is not yet mandatory, the Ministry encourages production and trade in these bio-diesel products. To boost consumer acceptance, experts recommend that authorities and businesses provide clear technical information and usage guidelines on E10 biofuel gasoline.

Từ tháng 6/2026, cả nước chỉ bán xăng sinh học E10, E5

Dantri | Local Language | News | Nov. 19, 2025 | Regulation

From June 1, 2026, Vietnam will mandate the nationwide sale of E10 gasoline, which consists of 10% ethanol blended with unleaded gasoline, for use in gasoline engines. Additionally, E5 RON 92 gasoline containing 5% ethanol will continue to be available until the end of December 2030. This implementation timeline for E10 gasoline is six months later than originally planned by the Ministry of Industry and Trade. The Ministry will periodically review and adjust biofuel blending ratios to ensure energy security, environmental protection, and consumer rights.

Bio-diesel blends B5 and B10 are not yet mandatory for diesel engines, though the Ministry encourages organizations and individuals to participate in their production and trade. Pilot sales of E10 RON 95 gasoline began on August 1, 2025, at select petrol stations, including those operated by Vietnam National Petroleum Group (Petrolimex) and Vietnam Oil Corporation (PV Oil) in major cities such as Hanoi, Ho Chi Minh City, and Haiphong. Some consumers, especially owners of older vehicles, express hesitation regarding the use of E10 biofuel.

Officials and experts assert that E10 gasoline is generally compatible with most vehicles currently in circulation. Dr. Dao Duy Anh noted that vehicle models produced since 2000 in the U.S. have used E15, and E10 has been used since 1980, suggesting minimal impact on older vehicles. The Ministry plans to conduct tests on older vehicle models to accurately assess the effects of E10 gasoline on engines. Research from Hanoi University of Science and Technology indicates that E10 performs equivalently or better than conventional gasoline in terms of power and fuel consumption but may have some effects on older carburetor-equipped vehicles.

Thị trường IPO 'tỉnh giấc'

VN Express | Local Language | News | Nov. 19, 2025 | UndeterminedInvestor Sentiment

Initial public offering (IPO) activity in Vietnam has significantly increased in 2025, marked by notable deals such as Vinpearl’s listing and IPOs by Techcombank Securities, VPBankS, and VPS, which experienced overwhelming investor demand. One IPO attracted more than 26,000 investors, a rare figure in the Vietnamese market.

This resurgence is attributed to a stable domestic economy, easing monetary policies, and FTSE Russell’s upgrade of Vietnam’s securities classification to "secondary emerging market," attracting substantial foreign capital. Regulatory improvements, including relaxed foreign ownership limits and faster listing procedures, have also facilitated this IPO revival, with the time for post-IPO financial reviews reduced from 3–6 months to about 30 days.

Despite the uptick, IPOs remain concentrated in traditional sectors like finance and real estate, with limited participation from consumer goods, manufacturing, technology, or foreign-invested companies. Unlike a decade ago, current IPOs primarily involve private companies aiming to raise capital for expansion while increasing transparency. Institutional investors, private equity, and international strategic shareholders are increasingly involved, and companies emphasize IFRS compliance and sophisticated investor communications over previous auction-based capital raising methods.

The earlier wave of IPOs was largely driven by state-owned enterprise privatization, with public sector restructuring as the main goal, but most state capital remained post-IPO, limiting market liquidity. Today’s IPOs reflect a mature private sector with proactive capital market engagement. Upcoming significant IPOs in late 2025 and 2026 include Hòa Phát Agriculture, Kafi Securities, and Gelex Infrastructure, with later offerings expected from retail, F&B, fintech, manufacturing, and distribution sectors.

Successful IPOs require sizable deal volumes to satisfy fund investment and exit needs, credible growth projections for the next 12–24 months, reputable institutional backing pre-IPO, transparency in ownership and internal controls, and professional investor relations. Although domestic IPOs are thriving with an estimated $47 billion market by 2027, few firms pursue international listings due to cautious attitudes post-2022 corporate bond crisis and less attractive foreign valuations.

Experts view Vietnam’s domestic market as the strongest in Southeast Asia, with its growing scale and emphasis on transparency making local listings preferable over international ones for now. Preparing for international IPOs demands rigorous standards including stable IFRS reporting, investor communication in English, and readiness for continuous scrutiny, public criticism, and legal risks following listing.