US military blocks Iranian ports affecting maritime traffic through Strait of Hormuz, potentially impacting global energy prices and trade routes involving Vietnam.
Ho Chi Minh City is accelerating a project to develop its marine economy into a national hub, focusing on maritime logistics, energy, and marine tourism/urban development. This long-term strategic plan, involving significant coastal expansion, aims for sustainable, international-standard growth and is slated for government submission in 2026.
Gasoline prices in Vietnam have significantly dropped, with RON95 falling 1.63% and E5 RON92 down 2.71%, attributed to a global market downturn following a US-Iran ceasefire agreement. Domestic fuel supply is secured through April by local refineries and imports despite ongoing Middle East conflicts.
The EIA warns that global oil prices, specifically Brent crude, are expected to remain high at an average of $96 this year, despite a potential ceasefire and reopening of the Strait of Hormuz, due to persistent supply disruption concerns and the time needed for full recovery of oil flows. This forecast suggests sustained high fuel costs for consumers and businesses globally, impacting sectors like aviation and logistics.
Hai An Transport and Stevedoring JSC (HAH) reported strong 2025 results with 27% revenue growth and 85.8% profit growth, but was unexpectedly included in a list of 302 large-revenue companies selected by the Tax Department for tax inspection.
The National Assembly is set to approve a draft resolution on April 12 to reduce environmental protection, VAT, and special consumption taxes on gasoline, oil, and jet fuel, with the policy expected to be effective from April 16 to June 30, 2026. This aims to stabilize prices and support businesses amidst global market volatility.