Log in
Business

Hanoi creates favorable conditions for expansion of gas stations

Gas stations throughout the city are expected to provide clean energy and car wash services to protect the city's environment and promote a green transition.

Hanoi will create optimal conditions for companies to expand their gas station networks throughout the city.

 Vice Chairman of the Hanoi People's Committee Nguyen Manh Quyen at the meeting. Photos: Hoai Nam/The Hanoi Times

Vice Chairman of the Hanoi People’s Committee Nguyen Manh Quyen made the commitment at a meeting with Petrolimex Hanoi on February 2.

Petrolimex Hanoi, a member of the country’s largest petrol distributor Petrolimex, is responsible for distributing petrol and gas to filling stations in the north and also owns a large network of 116 stations in Hanoi, Vinh Phuc, and Bac Ninh.

Duc Giang Oil Depot, located in Long Bien District, remains the country’s largest of its kind in Vietnam and holds a strategic role for petrol distribution in the North with a storage capacity of 82,000 cubic meters.

In 2022, Petrolimex Hanoi distributed a total of 1.28 million cubic meters of petrol, averaging around 110,000 tons per month.

This resulted in revenues of VND27.2 billion (US$1.16 billion) and tax amounts of VND2.72 billion ($116,000).

 The delegation visits a petrol station in Hanoi on February 2.

According to Chairman of Petrolimex Hanoi Nguyen Dong, during the Tet (Lunar New Year) week, all gas stations in the network were able to meet 100% of local demand. He called on local authorities to incorporate more oil depots into city planning to better meet domestic consumption.

In the case of Petrolimex Hanoi, Dong requested Hanoi for new locations to install gas stations in the face of increasing demand in the capital city and surrounding provinces/cities.

At the meeting, Vice Chairman of the Hanoi People’s Committee Nguyen Manh Quyen called for the Ministry of Industry and Trade and major oil distributors to consider building additional oil refinery plants.

Quyen urged the municipal Department of Industry and Trade to consider the proposal of Petrolimex Hanoi and provide clear guidance on the requirements of setting up new gas stations.

He hopes that gas stations will also offer clean energy and car wash services to better protect the city's environment and promote the ecological transition.

Hanoi currently has six major oil suppliers and 20 distributors running 493 gas stations. The city experienced a partial gasoline shortage during the last months of 2022 due to an increase in travel demand, but quickly resolved the problem thanks to the positive and active response of the authorities and petrol distributors.

Reactions:
Share:
Trending
Most Viewed
Related news
VN-Index set for 2,200-mark next year: JP Morgan

VN-Index set for 2,200-mark next year: JP Morgan

Vietnam’s appeal goes beyond the upgrade, driven by major economic reforms that are lifting business and consumer confidence, as well as improving profit prospects over the next three to five years.

Vietnam to launch smart agriculture innovation center in Lang Son

Vietnam to launch smart agriculture innovation center in Lang Son

The center is expected to bridge gaps in technology testing, connect farmers with researchers and markets and accelerate sustainable, high-tech agricultural development nationwide.

Hanoi urged to train 100,000 digital engineers through online academy

Hanoi urged to train 100,000 digital engineers through online academy

The Capital Strategic Technology Development Forum gathered a wide range of proposals from businesses, experts and investors on how Hanoi should shape its deep-tech development agenda in the coming decades with a long-term vision to 2045.

Inclusive innovation must give everyone equal voice, experts say at TECHFEST Vietnam 2025

Inclusive innovation must give everyone equal voice, experts say at TECHFEST Vietnam 2025

Open innovation is becoming a cornerstone of Vietnam’s development strategy, as policymakers, experts and international partners emphasize people-centered collaboration to tackle inequality, climate change and urbanization through inclusive, technology-driven solutions showcased at TECHFEST Vietnam 2025.

Vietnam attracts $400 million in venture capital as tech startups surge

Vietnam attracts $400 million in venture capital as tech startups surge

Vietnam’s startup ecosystem continues to expand rapidly, with strong venture capital inflows and fast growth in digital, AI and green technologies, reinforcing the country’s appeal to global investors.

Vietnamese policymakers push for early launch of gold exchange

Vietnamese policymakers push for early launch of gold exchange

A transparent gold exchange would not only offer a safe investment channel for the public but also provide a foundation for Vietnam to become a regional hub for jewelry manufacturing and exports.

Rosatom commits to advanced-technology Ninh Thuan 1 nuclear plant in Vietnam

Rosatom commits to advanced-technology Ninh Thuan 1 nuclear plant in Vietnam

Rosatom will transfer technology, localize nuclear products in Vietnam and support the development of the country’s nuclear science and industry for peaceful purposes.

Hanoi accelerates innovation reforms to become favorite destinations for investors, technology talents

Hanoi accelerates innovation reforms to become favorite destinations for investors, technology talents

Hanoi is pushing forward a wide range of innovation-driven reforms and investment initiatives as it works to become one of the world’s most attractive destinations for high-tech and strategic investors.