Vietnam’s Fuel Crisis: How Rising Prices Hit Everyday People
In Ho Chi Minh City, a motorcycle driver named Nguyen works long hours but barely makes ends meet. After one day of driving, he earned 240,000 Vietnamese dong (about $9.11) but spent half of it on gas. “I can’t survive in the city with that much money,” he said, speaking through the app Be.
Why Are Fuel Prices So High?
Vietnam usually gets most of its oil from Kuwait, but supplies have dropped because of a conflict involving the US, Israel, and Iran. Iran has blocked a key shipping route, the Strait of Hormuz, making oil harder to get. As a result, diesel prices have more than doubled, and gasoline is nearly 30% more expensive. This hits hard in cities like Ho Chi Minh City, where millions rely on motorcycles.
Government Action to Cushion the Blow
To help citizens, Vietnam’s government paused an environmental tax on diesel, gasoline, and aviation fuel until April 15. This should lower prices a bit. An expert said the move is to calm public frustration and keep the economy stable amid global turmoil.
Who’s Most Affected?
Gig and Delivery Workers
People working for apps like Be face big risks. They use lots of fuel but have no minimum wage or overtime pay. With high gas costs, many stop working or drive less. “Because the price of gas is so high, so many drivers turn off the app, go home and just don’t work,” Nguyen explained.
Transport and Businesses
Public buses are overwhelmed, and airlines like Vietnam Airlines have cut flights. Bus companies are losing money even after raising ticket prices. Fishermen are also struggling
