Hanoi, March 9 -- Sending shockwaves across global markets, the ongoing Israel-US war against Iran has extended far beyond the battlefield, with its economic repercussions now being felt in Southeast Asia.
Vietnam is witnessing a sharp surge in fuel prices, putting increasing pressure on its domestic energy sector in terms of supplies and manufacturing.
To mitigate the financial impact, Vietnamese authorities are considering scrapping import tariffs on several petroleum products in an effort to stabilize the domestic fuel market.
The proposal, outlined by Vietnam's Ministry of Finance, aims to temporarily reduce import duties on fuel to zero.
Officials said the plan is still under review and would require formal ratification by the Poli...