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  - WN.COM - Environment - 15/Jul 04:20

$237 million fuel price fund sits idle, sparking public concerns

The Petrol and Oil Price Stabilisation Fund currently holds more than VNĐ6 trillion (over US$230 million). Economists said the fund has become an indirect tax, on top of being vulnerable to misuse and profiteering. It has also not been used in months. HÀ NỘI — Despite ongoing fluctuations in global fuel prices, the Ministry of Industry and Trade and Ministry of Finance have not yet tapped into the Petrol and Oil Price Stabilisation Fund, even though the fund currently holds more than VNĐ6 trillion (over US$230 million). Data from early 2025 shows that even during periods of sharp increases or deep drops in fuel prices, the two ministries have consistently followed a 'no...

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