Vietnam to tap emergency fund to cool surging fuel prices
Vietnam initially resisted dipping into its Fuel Price Stabilisation Fund as unleaded gasoline rose 21 percent and diesel spiked more than 50 percent after the United States and Israel launched their attack on Iran in late February.
At a meeting of the country's energy security task force on Tuesday, however, the prime minister "agreed in principle" with a proposal by the trade ministry to draw from the fund, the government said on its website.
"This should be implemented immediately on March 10th," it added.