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tension

Việt Nam shields economy from oil shocks

Việt Nam shields economy from oil shocks

Việt Nam’s swift and coordinated policy response, from flexible fuel price management to efforts to diversify supply sources, has highlighted the country’s capacity for strategic adaptation in an increasingly volatile global economic landscape.
Building a competitive power market to secure Việt Nams energy future

Building a competitive power market to secure Việt Nam’s energy future

In an interview with Việt Nam News, Hồ Đình Thám, resident adviser to the Electricity Authority of Vietnam under the Ministry of Industry and Trade, discusses global energy trends, the country’s progress in building a competitive power market and the...
Three-month domestic air fuel surcharge proposed as costs surge

Three-month domestic air fuel surcharge proposed as costs surge

The CAAV said that Việt Nam’s jet fuel providers remain heavily dependent on imports, posing a significant risk as global supply chains face disruptions.
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.
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.
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.
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.
Fuel firms ready to secure supply amid global market volatility

Fuel firms ready to secure supply amid global market volatility

Fuel firms are diversifying import sources, boosting domestic production and preparing contingency reserves to ensure stable supply amid global energy market volatility.
Zero petrol import tariff considered as Middle East tensions threaten supply

Zero petrol import tariff considered as Middle East tensions threaten supply

Việt Nam is considering cutting petrol import tariffs to zero as Middle East tensions drive global oil prices above US$100 per barrel and raise concerns over domestic fuel supply.