Vietnam Plans to Scrap Fuel Import Curbs to Keep Supply Flowing

Vietnam will remove import tariffs on fuel and make it easier for state giant PetroVietnam to buy and sell crude and oil products, as an expanding war in the Middle East heightens energy-security worries.

Disruptions in the Persian Gulf, home to some of the world’s largest oil and gas producers, have been a major headache for import-dependent Asia — especially for more price-sensitive emerging economies which immediately feel the pain from higher costs and have less flexibility to pay up for emergency supplies.