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Update news vietnam’s fuel market
The Petrovietnam Refining and Petrochemical Corporation (BSR) will produce and distribute between 80,000 and 100,000 cubic metres of E10RON95 biofuel petrol per month to meet growing market demand for E10 fuel during May 2026 and months to come.
Major automakers including Honda, Toyota, Hyundai, Ford and Mercedes-Benz have confirmed that most modern vehicles currently operating in Vietnam are compatible with E10 biofuel, easing concerns ahead of the fuel’s nationwide rollout from June 1.
Vietnam spent more than $4.5 billion importing fuel products in the first months of 2026 amid Middle East supply concerns and domestic market changes.
The negative impact of E10 gasoline on engine performance is negligible. Since testing began in Vietnam, leaders from the Ministry of Industry and Trade, PVOIL, and Petrolimex have pioneered its use and recorded no unusual effects.
Vietnam has called on China to help maintain stable jet fuel supplies for its airlines as ongoing tensions in the Middle East continue to disrupt global energy supply chains.
Vietnam’s market regulators have sanctioned leading petroleum distributors after uncovering breaches in minimum stockpile requirements.
Vietnam’s current fuel reserve capacity is no longer sufficient in the face of growing geopolitical risks, raising urgent questions about how to build a strategic system capable of withstanding prolonged disruptions.
E10 fuel offers major savings and environmental benefits, but consumer skepticism continues to slow adoption in Vietnam.
The Ministry of Industry and Trade confirms sufficient fuel supply through April, despite escalating geopolitical tensions impacting global energy markets.
Fluctuating fuel prices are driving people and businesses to change their habits, from reducing the use of private vehicles to switching to clean energy to save costs and adapt.
Flexible and timely policy measures have helped Vietnam keep domestic fuel prices under control, easing cost pressures on businesses and preventing a broader price shock across the economy.
Rising fuel prices are no longer just an economic headline. They are quietly reshaping how people move, work and live - one decision at a time.
Flexible governance and rapid policy decisions have not only curbed the surge in fuel prices but also pushed them downward, helping stabilize both daily life and the broader economy.
Vietnam is moving quickly toward nationwide adoption of E10 biofuel, but securing sufficient ethanol supply remains a critical challenge as the country seeks to reduce dependence on fossil fuels and strengthen energy security.
Prime Minister Pham Minh Chinh has issued Decision No. 483/QD-TTg approving an additional 8 trillion VND (303.74 million USD) from the 2026 State budget estimate for advance funding for the fuel price stabilisation fund.
The cuts are expected to ease the burden on households and help firms sustain production and trade, even as it trims state budget revenue by an average of about 7.2 trillion VND (276.9 million USD) per month.
Tourism boat operators in Ha Long Bay are grappling with mounting financial pressure as fuel prices climb sharply while visitor numbers remain subdued outside the peak season.
Amid increasingly unpredictable global energy markets, two of Vietnam’s key refineries have simultaneously reported positive developments in ensuring domestic fuel supply.
Vietnam is moving closer to a nationwide transition to E10 biofuel, with the fuel expected to be widely available as early as April 2026, ahead of the official mandate.
A strategic storage facility in Thanh Hoa is set to enhance national preparedness against market disruptions.