In a recently issued Official Dispatch, Vietnam Customs urged its Anti-Smuggling Investigation Department and regional Customs to enhance control measures to prevent smuggling and illegal transportation of petroleum across borders.
According to the Customs, the price difference of petroleum between Vietnam and neighboring countries sharing borders is showing an increasing trend, with the prices in Vietnam much lower than those in Laos and Cambodia, This price gap has led some residents in border areas to purchase petroleum in Vietnam, posing a risk of smuggling or illegal transportation across borders to Laos and Cambodia, the Customs warns.
In addition to the price difference, global geopolitical situations are also impacting the energy market. The recent military tensions in the Middle East have increased volatility in the global oil market, affecting supply and the overall price level of petroleum, thereby posing challenges to energy security for many countries. In response to these developments, Vietnam Customs requires its subordinate units to proactively implement comprehensive measures to prevent and promptly detect and strictly handle violations of laws in the field of petroleum import and export, contributing to market stability and protecting consumer rights in Vietnam.
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