OIL Volume Spike

Vietnam's National Assembly delegates show high consensus on a proposed resolution to reduce environmental protection, VAT, and special consumption taxes on gasoline, oil, and jet fuel to 0% from April 16th to June 30th. This policy aims to stabilize domestic fuel prices, support businesses and citizens, and maintain macroeconomic stability amidst global energy price volatility.

On April 10, 2026, the VN-Index rose 0.77% despite narrowing gains in the afternoon, with the energy sector significantly outperforming by 5.57%. Foreign investors were net buyers on both HOSE and HNX, focusing on stocks like TCB, HPG, and PVS.

Vietnam's Minister of Industry and Trade announced that domestic petroleum reserves have increased from 15 to 26 days, ensuring national energy security amidst global crises. This improvement is attributed to various measures, including increased domestic supply and strategic storage plans.

The National Assembly discussed energy security, revealing that Vietnam has increased its gasoline and oil reserves from 15 to 26 days and maintained stable, competitive prices compared to regional and global averages, thanks to government efforts to ensure supply and distribution.

On April 10th, the Vietnamese stock market maintained its positive momentum with VN-Index increasing over 17 points, led by strong performance in the energy, finance, and real estate sectors. Foreign investors were net buyers, focusing on TCB and HPG, while the information technology and some healthcare stocks saw declines.

Vietnam's National Assembly is discussing plans to build independent national oil and gas reserves, aiming for 90 days of supply by 2030, citing the current low reserve levels (7-10 days) as a significant economic risk and advocating for it as 'insurance for the economy'. The government has assigned the Ministry of Industry and Trade to work with foreign partners to build a strategic reserve in Nghi Son.