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.

Affordable and competitive electricity rates play a vital role in ensuring consistent revenue streams for private enterprises, encouraging their participation in Vietnam's domestic energy market.

VOV.VN - The depletion of fossil fuel sources such as coal, oil, and natural gas has made the rapid transition to new energy sources an urgent necessity to sustain growing demand.

Singapore’s Energy Market Authority (EMA) on October 24 announced that it has given tentative approval for plans to import 1.2 gigawatts (GW) of primarily wind-generated electricity from Vietnam.