Vietnam: Vietnam Ethanol Background Report
Link to report:
Vietnam’s gasoline consumption has grown steadily at approximately 4-5 percent per annum. In addition to local exploitation and production, Vietnam spent approximately $2.5 billion on imports of crude oil and petroleum products, including ethanol, in the first three months of 2020. Although ethanol supporting regulations have gradually increased since 2007 in recognition of ethanol’s environmental benefits, the commercialization of five percent ethanol blended gasoline (E5) was pushed back to 2018. A lack of understanding by consumers of the environmental benefits of ethanol blended gasoline, as well as persistent rumors that it harms vehicle engines, continue to negatively affect sales of E5 gasoline. The Government of Vietnam (GVN) recently reduced the most favored nation (MFN) import tariff on ethanol to 15 percent, effective July 10.
