The ministry has taken steps to immediately inspect locations reporting shortages and identify the cause. Localities where shortages are taking place must examine the entire supply chain, including contracts between retailers and wholesalers, actual supply volumes, delivery schedules and the reasons for any failure to provide fuel.
On the basis of the long-standing friendship and cooperation between Vietnam and China, as well as close ties between their aviation authorities, the Civil Aviation Authority of Vietnam has asked the Civil Aviation Administration of China to direct relevant fuel suppliers to ensure sufficient and stable supplies for Vietnam.
Amid escalating geopolitical tensions in the Middle East, energy security is emerging as a critical concern for fast-growing Southeast Asian economies, including Vietnam, as they pursue green transition goals, said Ei Sun Oh, a senior fellow at the Pacific Research Centre of Malaysia.
The growth rate was higher than the 7.07% recorded in the same period last year, reflecting the economy’s resilience, enterprises’ adaptability and providing a solid foundation to achieve full-year growth targets, said Nguyen Thi Huong, director of the National Statistics Office (NSO) under the Ministry of Finance.
Importers brought in approximately 3.2 million cubic metres of fuel in March. Combined with current inventories of around 1.6–1.8 million cubic metres, this volume is expected to fully meet domestic demand until the end of April.
The Energy Minister affirmed that Thailand’s energy security remains intact, with oil reserves sufficient for about 107 days.
According to the MoIT, Vietnam’s fuel prices remain at an average level in the region and are lower than those in neighbouring countries sharing land borders.
The PM stressed that fuel shortages must not occur under any circumstances while prices should follow market fluctuations with appropriate state regulation.
The Petrovietnam Gas Corporation (PV GAS) is focusing all its efforts on transporting LNG by rail from the South to the North to meet the fuel needs of industrial and residential consumers, especially amidst shortages caused by super typhoon Yagi, that hit Vietnam on September 7, and its subsequent floods.
