Vietnam to inspect four big wholesalers for transparency

Vietnam’s Ministry of Finance established three teams that will scrutinize the business activities of the four biggest in-country wholesalers. The four firms that will be inspected are Vietnam National Petroleum Corp. (Petrolimex), PetroVietnam Oil Corp. (PV Oil), Saigon Petro Co., Ltd, and Dong Thap Petroleum Trading Import Export Co., Ltd. (Petimex). Inspection of the four companies will be done to ensure transparency in the management of domestic retail prices on petroleum and oil products. The inspection teams will concentrate on the cost of petrol and oil products that were in stock as of August 26, including their import prices from January 1 to September 15. (September 22, 2011)