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Vietnam acts fast to shield firms, households from fuel price surge

  • Vietnam cut taxes on fuel from March 27 to ease rising energy costs for households and businesses, reducing state revenue by 7.2 trillion dong monthly.
  • Fuel prices surged, with petrol up 68% and diesel up 105% from pre-conflict levels, heavily impacting the transportation sector and airlines.
  • Vietnam seeks energy supply diversification, increasing refinery output, diplomatic efforts, and cooperation with Russia, after exhausting stabilisation funds.
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