VOV.VN - The United Overseas Bank (UOB) has revised down its Vietnam GDP growth forecast for this year to 7.0% from 7.5%, citing an energy shock stemming from tensions in the Middle East.

Despite mounting global headwinds, particularly escalating geopolitical tensions in the Middle East, Vietnam’s exports remained resilient in the first quarter of 2026, reaching nearly US$100 billion, up more than 17% year-on-year.

The Private Economic Development Research Board (Board IV) under the Prime Minister’s Advisory Council for Administrative Procedure Reform has submitted seven groups of solutions to the Prime Minister for consideration to help enterprises cope with the impacts of the Middle East conflict.

VOV.VN - Rising logistics costs, longer shipping times and growing trade risks caused by the Middle East conflict are putting pressure on Vietnam’s export-import businesses.

VOV.VN - Vietnamese airlines are considering fuel surcharges on international routes from early April 2026 as jet fuel prices rise sharply amid the Middle East conflict.

The conflict in the Middle East is a major shock to the global energy market, pushing prices skyward and making supply security a top concern, said Shan Saeed, Global Chief Economist at Malaysia-based international real estate firm IQI Juwai, adding that the impact on Vietnam remains cyclical and manageable.

The Ministry of Construction has proposed a range of measures to stabilise transport operations and logistics costs, as conflict in the Middle East is disrupting international aviation and shipping routes and pushing up global fuel prices.

Crude oil supplies for domestic refineries have been maintained, and petrol supplies for the coming months remain secure, Prime Minister Pham Minh Chinh said while chairing a meeting in Hanoi on March 17 with the task force for energy security.

Representatives from businesses and industry associations met in Ho Chi Minh City on March 17 to discuss measures to ease pressures on production and trade, and stablise the domestic market amid the escalating conflict in the Middle East.

VOV.VN - Geopolitical tensions in the Middle East are disrupting shipping routes along the Asia–Europe corridor, driving up logistics costs and increasing supply chain risks, creating significant pressure on Vietnam’s agricultural and seafood exports.