Vietnam to remove fuel tariffs amid Iran war disruptions
Vietnam will remove fuel import tariffs through April to ensure energy supplies during the Middle East conflict. The Ministry of Finance is drafting the measure.
Vietnam is planning to remove import tariffs on fuels to ensure domestic supplies amid disruptions caused by the military conflict involving Iran in the Middle East. The government announced late Sunday that the Ministry of Finance is preparing a resolution to implement the tariff removal, which is expected to last until the end of April. This measure aims to stabilize the energy market and mitigate the impact of global supply chain volatility on the national economy. Officials emphasized that the move is necessary to maintain a steady flow of fuel as geopolitical tensions continue to affect international oil production and distribution. The Ministry of Finance is expected to finalize the resolution shortly to provide immediate support to the energy sector as the region navigates these supply challenges.
