These new requirements are part of a broader strategy to implement solutions for national energy security, stabilize transport and construction activities, and maintain socio-economic development amidst the Middle East conflicts.
Should fuel prices remain around $200 per barrel, operational expenses for airlines could rise by roughly 40% compared to prior to the Middle East conflict.
Measures primarily include rescheduling production timelines, optimizing material inventories, and seeking alternative supply sources to counter rising fuel, logistics, and material costs.
The Prime Minister chairing a meeting with the Government's Working Group to discuss measures to ensure energy security for socio-economic development.
The two main maritime routes from Vietnam to the Middle East and Europe are facing different scenarios but share the same outcome: difficulty and increased costs.
The group will regularly monitor, assess and forecast developments in the Middle East while addressing difficulties and obstacles to ensure an adequate supply of petroleum.
Businesses are warned of possible increase in global prices for fuel, crude oil and consumer goods, indirectly affecting Vietnam’s production, import-export activities.