Vietnam

PV Oil Lube’s Profits Rebound

PV Oil Lube’s Profits Rebound

Lube Report Asia - September 9, 2022

PV Oil Lube JSC’s profit after tax jumped by more than 70% for the first six months of this year, likely benefiting fr ...

Vietnam to Cut Tax on Lubes, Greases

Vietnam to Cut Tax on Lubes, Greases

Lube Report Asia - June 24, 2022

Vietnam plans to slash its environmental protection tax on lubricants and greases by about one-third to help companies c ...

Fuchs Plans Lube Plant in Vietnam

Fuchs Plans Lube Plant in Vietnam

Lube Report Asia - April 15, 2022

A year after forming a joint venture in Vietnam, Fuchs Petrolub SE has purchased land to build a finished lubricant fact ...

PV Oil Suffers Big Drop in Profits

PV Oil Suffers Big Drop in Profits

Lube Report Asia - March 25, 2022

Vietnam’s PV Oil Lube JSC reported a steep drop of more than 80% in profit after tax for 2021, compared to the prior y ...

Vietnam Weighs Tax Cut for Lubes

Vietnam Weighs Tax Cut for Lubes

Lube Report Asia - March 18, 2022

Vietnam plans to reduce its environmental protection tax for greases, lubricants and other oil products, effective April ...

Additive

Fuel Supplier NSH Delves into Lubes

Lube Report Asia - January 7, 2022

A leading fuel retailer in southern Vietnam is dipping its toe into the lubricants business as it searches for ways to c ...

Southeast Asia Vehicle Sales Down in 2020

Southeast Asia Vehicle Sales Down in 2020

Lube Report Asia - February 19, 2021

Southeast Asia sales of four-wheel automobiles dropped nearly 30% in 2020, and motorcycle and scooter sales fell by almo ...

Fuchs Picks Up Vietnam Distributor

Fuchs Picks Up Vietnam Distributor

Lube Report Asia - February 12, 2021

Fuchs Group announced this week that it has purchased a controlling stake in the lubricants business of Vietnamese distr ...

Vietnam Lube Consumption Rebounds

Vietnam Lube Consumption Rebounds

Lube Report Asia - January 1, 2021

Vietnam is returning to pre-pandemic levels of lubricant consumption, an industry insider said, boosted by strong growth ...

Vietnam Struggles to Enforce Lube Standard

Vietnam Struggles to Enforce Lube Standard

Lube Report Asia - August 21, 2020

As its dependence on imported lubricants increases, Vietnam’s government is grappling with enforcement of its national ...

Asia-Pacific Leads in New Wind Turbines

Asia-Pacific Leads in New Wind Turbines

Lube Report Asia - April 10, 2020

Asia-Pacific continued to lead in global wind power development in 2019, accounting for 50.7 percent of new installation ...

Additive

Asean Motor Vehicle Sales Slowdown to Continue

Lube Report Asia - February 14, 2020

Automotive sales in the Association of Southeast Asian Nations dropped 3 percent in 2019, but sales of two-wheelers incr ...

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SK Acquires Stake in Vietnamese Blender

Lube Report Asia - February 14, 2020

SK Lubricants acquired a 49 percent stake in Mekong Petrochemical JSC, Vietnams largest private lubricant company, as pa ...

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Cutting Oils in Demand for Solar Panels

Lube Report Asia - February 7, 2020

Vietnams increasing number of solar plant installations is boosting overseas demand for silicon wafer cutting oil used i ...

Chevron Completes Vietnam Expansion

Chevron Completes Vietnam Expansion

Lube Report Asia - December 7, 2018

Chevron Lubricants Vietnam has completed the expansion of its Hai Phong, Vietnam, blending plant, a $5 million project t ...

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Vietnam Hikes Environmental Tax on Lubes

Lube Report Asia - October 19, 2018

Vietnam will double its environmental tax for lubricants beginning Jan. 1, according to a resolution passed by the count ...

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Slow Auto Sales Curb Vietnams Lube Growth

Lube Report Asia - August 3, 2018

Vietnams declining automotive sales may hinder lubricant market growth. To stay competitive, patience to develop a relia ...