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Update news vietnam’s fuel market
Vietnam steps up fuel market control as global tensions disrupt supply, highlighting the role of the State in maintaining stability.
Vietnam is shifting its energy security strategy toward long-term reserves and resilience as global risks intensify.
As fuel prices continue to rise, their impact is becoming increasingly visible in everyday life, from smaller breakfast portions to mounting pressure across supply chains.
Rising fuel costs are reshaping commuting habits in Ho Chi Minh City, with more residents turning to metro lines and buses for daily travel.
Vietnam is moving faster than planned to roll out E10 gasoline nationwide, aiming to reduce dependence on imported fossil fuels amid global energy volatility.
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.
The sudden spike in fuel prices in recent days is striking a heavy blow to the livelihoods of tens of thousands of ride-hailing drivers as operating costs have increased significantly.