VOV.VN - Vietnam is stepping up efforts to curb cross-border fuel smuggling as global supply disruptions and rising oil prices place increasing pressure on the domestic market.

VOV.VN - Geopolitical tensions in the Middle East are pushing up oil prices and maritime freight rates, increasing cost pressure on businesses, particularly exporters and manufacturers that rely heavily on logistics and imported inputs.

Vietnam’s economic growth accelerated faster than expected in the second quarter of this year, as a recovery in exports and manufacturing helped offset risks from coronavirus outbreaks and rising oil prices, Bloomberg reported.

VOV.VN - The Hong Kong & Shanghai Banking Corporation (HSBC) has moved to lower Vietnam’s GDP growth rate for the year from the previously-projected 6.5% to 6.2% amid fears of rising oil prices globally.