The authorities of southern Binh Duong Province have imposed administrative fines of over VND444 million (US$19,450) in total on two fuel trading businesses for selling substandard products, according to the Ministry of Industry and Trade.

The ministry’s Vietnam Directorate of Market Surveillance said on Friday that the provincial government had decided to levy a fine of nearly VND189 million ($8,274) on Chung Phat Co., Ltd. in Thu Dau Mot City and over VND256 million ($11,207) on Branch No. 2 of Vien Phuong VCORP Petrol Oil Business Co., Ltd. in Thuan An City.

Local authorities also revoked their certificates of eligibility for operating fuel retailing facilities in two months.

Earlier on January 6 this year, the provincial Market Surveillance Department teamed up with the relevant agencies to inspect the branch of the Vien Phuong VCORP, which is located in An Thanh Ward of Thuan An City in this southern province.

Suspecting the oil and gas quality at the firm, the forces took samples of RON95 gasoline there for testing.

The testing result showed that its RON95 gasoline’s quality was not in line with the prevailing standards.

Similarly, on January 25, the local competent forces visited the Chung Phat Company and took samples of RON95 petrol at the firm for testing.

The quality of the petroleum also failed to meet standards.

Given the volatility in fuel prices and the low supply in the local market, competent forces in many localities have inspected many fuel trading businesses and tackled their violations, especially those linked to business suspension and fuel hoarding.

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