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Middle East

Govt proposes halving fuel taxes to ease price pressure

Gov't proposes halving fuel taxes to ease price pressure

Under a draft resolution of the National Assembly’s Standing Committee, the taxes on gasoline (excluding ethanol-blended fuel) and diesel are proposed to be halved to VNĐ1,000 and VNĐ500 per litre, respectively. The tax on jet fuel is proposed to be...
Airfares rise as fuel costs surge, CAAV reports

Airfares rise as fuel costs surge, CAAV reports

More than 60 per cent of international airlines operating in Việt Nam have raised or plan to raise fares from mid-March as Middle East tensions drive up global fuel prices.
Middle East tensions test resilience of Việt Nams agriculture sector

Middle East tensions test resilience of Việt Nam’s agriculture sector

Associations are encouraged to proactively gather and promptly report difficulties faced by businesses related to mechanisms, policies, administrative procedures, credit, taxation, logistics, and insurance.
PM gives green light to advance from State budget for fuel price stabilisation fund

PM gives green light to advance from State budget for fuel price stabilisation fund

PM Chính said the top priority is to ensure no energy or fuel shortages, minimise macroeconomic impacts, and avoid disruptions to supply chains, production, business and consumption.
Risk warning for Vietnamese firms trading with UAE amid Middle East tensions

Risk warning for Vietnamese firms trading with UAE amid Middle East tensions

Disruptions to shipping routes through the Strait of Hormuz have affected food trade flows, while rising fuel and transportation costs have pushed up prices of fruits and vegetables in the UAE.
Construction ministry proposes transport measures amid Middle East conflict

Construction ministry proposes transport measures amid Middle East conflict

Conflict in the Middle East is disrupting aviation and shipping routes, prompting the Ministry of Construction to propose tax and fee cuts to help stabilise transport costs and logistics activities.
Petrol supplies still ensure production and consumption in coming months: PM

Petrol supplies still ensure production and consumption in coming months: PM

The Government has issued a resolution outlining 10 key solutions, promoted energy diplomacy and directed increased exploitation of oil, gas and coal resources, while regulating hyower reservoirs to support electricity generation.
Measures sought to address business challenges amid Middle East conflict

Measures sought to address business challenges amid Middle East conflict

Việt Nam is facing a three-stage ripple effect - first on transport and fuel-dependent industries, then on sectors relying on their outputs, and ultimately on consumers. Volatility in key commodities like fuel is disrupting the entire supply chain and increasing...
Vietnamese firms urged to manage risks as Middle East tensions rise

Vietnamese firms urged to manage risks as Middle East tensions rise

The geopolitical situation is creating three major layers of risk for Vietnamese firms: energy price volatility, logistics disruptions and exchange rate fluctuations.
Most fuel prices slightly increase after sharp drop

Most fuel prices slightly increase after sharp drop

Domestic retail fuel prices mostly increased slightly from 10pm on March 12 in the latest adjustment by the ministries of Industry and Trade, and Finance, after a sharp a day earlier.
Qatar Airways cancels 13 more flights amid Middle East conflicts

Qatar Airways cancels 13 more flights amid Middle East conflicts

Statistics show that airspace across the Middle East has yet to return to normal operations, with multiple FIRs still imposing restrictions or partial closures.
Agriculture sector develops scenarios to respond to export risks

Agriculture sector develops scenarios to respond to export risks

Global market volatility linked to the Middle East conflict could affect the country’s agricultural production and exports.
Firms face rising pressure from fuel prices

Firms face rising pressure from fuel prices

Recent fuel price increases triggered by escalating Middle East tensions are placing fresh pressure on production and business as costs rise significantly.
Fuel prices rose again, price stabilisation fund tapped to cushion the increase

Fuel prices rose again, price stabilisation fund tapped to cushion the increase

According to an announcement by the Ministry of Industry and Trade effective from 11.45pm Tuesday, the price of RON95-III gasoline rose by VNĐ2,080 per litre to VNĐ29,120.
Stocks rebound after historic sell-off, led by banking and materials

Stocks rebound after historic sell-off, led by banking and materials

Vietnamese stocks rebounded on Monday as strong gains in banking and materials shares helped lift the VN-Index nearly 24 points, recovering part of the losses after last week’s historic market sell-off.