Vietnam is viewed by senior experts from the Asian Development Bank (ADB) as a key link capable of driving the formation of a connected energy market in Southeast Asia.

VOV.VN - The Ministry of Finance has proposed extending the current zero-tax policy on several fuel-related taxes until June 30, 2026, in a bid to cope with volatile global energy markets and support domestic economic stability.

Vietnam has temporarily cut environmental protection tax on petrol, diesel and jet fuel to zero under a decision signed by Prime Minister Pham Minh Chinh, as the Government moves to stabilise the domestic fuel market and safeguard energy security.

VOV.VN - Prime Minister Pham Minh Chinh has approved in principle the use of the state budget to support the country’s fuel price stabilisation fund, amid concerns over potential shortfalls as global energy markets remain volatile.

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 Government’s issuance of Decree No. 72/2026/ND-CP revising preferential import tariffs on several petrol products and raw materials is a timely move to diversify supply sources, reduce import costs and enhance Vietnam’s resilience against global energy market volatility, said insiders.

VOV.VN - Petrol prices in Vietnam dropped sharply by nearly VND4,000 per litre on the evening of March 11, retreating to around VND25,000 per litre just a day after surging close to the VND30,000 mark.

VOV.VN - Despite fluctuations in the global energy market caused by conflict in the Middle East, Vietnam’s domestic petroleum supply is assessed as largely stable.

VOV.VN - Prime Minister Pham Minh Chinh has instructed relevant agencies, particularly the Ministry of Industry and Trade, to ensure stable supplies of fuel and electricity, warning that shortages could threaten economic stability as global energy markets are volatile.

VOV.VN - The Ministry of Industry and Trade (MoIT) has affirmed that domestic fuel supply remains stable thanks to steady production from the country’s two major refineries and continued imports amid rising tensions in the Middle East.