Vietnam saw a strong increase in fuel imports in the first two months of this year amid global energy uncertainty triggered by spiralling Middle East tensions.

VOV.VN - The country shipped abroad 1.76 million tonnes of crude oil worth a total of US$1.16 billion during the past seven months of the year, up 19.7% in volume but down 10.4% in value on-year, according to the General Department of Vietnam Customs.

VOV.VN - The retail prices of petrol increased sharply by VND1,220 to VND1,300 per litre as of 3 p.m. on July 21, following the latest changes made by the Ministry of Industry and Trade and the Ministry of Finance.

VOV.VN - Vietnam spent approximately US$1.7 billion on importing petroleum of all kinds during the initial two months of the year, an increase of 56.3% year on year, with crude oil imports witnessing a 2.2-fold rise in volume and a 2.1 fold-rise in value, according to statistics released by the Ministry of Industry and Trade.

Total state budget collection in the first ten months of 2021 fulfilled about 90.9% of the estimate and was up 5.5% year-on-year, showed data released by the Ministry of Finance’s Department of State Budget.