Vietnam vows to revive biofuel plan

Last update 08:09 | 14/06/2017

VietNamNet Bridge – The government’s decision to stop the use of RON 92 petrol is expected to revive a series of ethanol plants which have been bogged down in problems.

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Deputy Prime Minister Trinh Dinh Dung has stated at a meeting discussing the implementation of the biofuel development plan that RON 92 petrol will only be available in the market until December 31, 2017.

After that, only E5 RON 92 (biofuel) and RON 95 will be allowed to be produced in Vietnam.

Nguyen Van Tiu, chair of Tu Luc 1 Petroleum JSC in Hanoi, applauded the decision, saying that the ‘declaration of death’ to RON 92 petrol will pave the way for E5 petrol to become more popular and will save ethanol plants.

A series of ethanol plants, capitalized at trillions of dong, have been left idle, including Dung Quat, Binh Phuoc and Phu Tho.

A series of ethanol plants, capitalized at trillions of dong, have been left idle, including Dung Quat, Binh Phuoc and Phu Tho.

“This is a great opportunity for three unprofitable projects to revive. The State spent trillions of dong to build the plants and it would be a big waste if the plants continue to be left unused,” he said.

“Farmers have been growing cassava for many years and they don’t know where to sell cassava as the plants aren’t operating,” he said.

It is possible that the three plants will not be operational before January 1, 2018 as the deadline is nearing. However, the government should be allowed to import materials to make biofuel for domestic consumption while waiting for plants to operate at full capacity.

A senior executive of PV Oil said that when RON 92 is officially replaced with E5, the demand for ethanol will appear. If so, ethanol plants would be running at 100 percent of designed capacity.

Meanwhile, the representative of Saigon Petrol said he doesn’t think that everyone who now mostly uses RON 92 will shift to E5. However, he believes that the demand for E5 will increase.

Saigon Petro now sells 40,000-50,000 cubic meters of RON 92 and RON 95, while the volume of E5 sold is modest at 2,000 cubic meters a month.

The representative predicted that if it stops selling RON 92, about 50 percent of customers would shift to buy RON 95 and 50 percent would choose E5.

The filling stations in central areas tend to sell RON 95, while ones in the suburbs sell both. The sales of E5 will depend on the selling price. He believes that the price gap of VND1,500 per liter between RON 95 and E5 would be reasonable.


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This entry was posted in Biofuel - Xăng sinh học, Năng lượng - Energy and tagged , by Trần Đình Hoành. Bookmark the permalink.

About Trần Đình Hoành

I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn. I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC. I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters. I have founded and managed businesses for me and my family, both law and non-law. I have published many articles on national newspapers and radio stations in Việt Nam. In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship. Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam. I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN. I study and teach the Bible and Buddhism. In 2009 I founded and still manage on positive thinking and two other blogs on Buddhism. In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development ( I study the art of leadership with many friends who are religious, business and government leaders from many countries. In October 2011 Phu Nu Publishing House in Hanoi published my book "Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống). In December 2013 Phu Nu Publishing House published my book "10 Core Values for Success". I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.

One thought on “Vietnam vows to revive biofuel plan

  1. Nhà nước VN làm việc còn độc đoán hơn thời phong kiến. Tự nhiên tuyên bố bỏ xăng RON 92, và chỉ còn E5 RON 92 (biofuel) and RON 95 là được dùng.

    Chuyện này ảnh hưởng đến mỗi người dân trong nước, và ảnh hưởng đến kinh tế cả nước, nhưng chẳng thấy nhà nước cho thông tin chi tiết tại sao nên có quyết định như thế và mời dân thêm ý kiến. Đùng một cái là có quyết định trên báo.

    Mình không nói đây là quyết định tồi, rất có thể đây là quyết định tốt. Mình chỉ nói nhà nước làm việc phong kiến hơn thời phong kiến vài trăm năm về trước.

    Tội cho từ “dân chủ” ở VN. Như là con ghẻ đáng ghét.

    Số lượt thích

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