HCMC – The Government will advance VND8 trillion from the 2025 surplus central budget revenues to the fuel price stabilization fund to help stabilize domestic fuel prices.
The funding will be included in the 2026 state budget and managed by the Ministry of Industry and Trade under specific direction from the prime minister, the Government news website (baochinhphu.vn) reported.
The advance follows a proposal from the Ministry of Finance, which is responsible for data accuracy and compliance with budget regulations.
Authorities require the fund’s use to be transparent and publicly disclosed to limit sharp price increases. The prime minister will issue a decision to formalize the budget allocation.
The Ministry of Industry and Trade will manage the fund based on market developments. It must prepare operating scenarios, including plans for using the fund and a repayment roadmap once global prices ease. The repayment period must not exceed 12 months.
The ministry will also propose additional funding needs, receive and manage the funds, and oversee their use by petroleum businesses. If the advance is exhausted while prices continue to rise, it must assess the situation and submit further measures to the Ministry of Finance for reporting to higher authorities.
The Ministry of Finance will coordinate inspections to ensure the fund is used properly and transparently. The State Bank of Vietnam will manage monetary policy to support liquidity and credit for fuel traders.
Earlier, the Government introduced short-term fiscal measures, including temporary tax and fee reductions for nearly three weeks, to ease fuel price pressures amid global market fluctuations.
