Under Resolution No. 69/NQ-CP dated March 27, 2026, the Ministry of Industry and Trade will take the lead in managing and deploying the fund, based on proposals from the Ministry of Finance. The measure aims to ensure transparent and effective use of resources while mitigating abnormal fluctuations in petrol and oil prices.
The Government has tasked the Ministry of Industry and Trade with proactively determining contribution and disbursement levels from the fund, depending on global price movements. The ministry will also oversee the recovery of advanced funds to the state budget once market conditions stabilise, with a maximum repayment period of 12 months.
The allocation forms part of the 2026 state budget plan, with Prime Minister Pham Minh Chinh signing Decision No. 483/QD-TTg on the same day to formalise the funding transfer. Authorities stressed that all spending must comply with legal regulations and be subject to strict supervision to prevent corruption, waste and policy abuse.
The move comes amid growing concerns over global energy price volatility, particularly in the context of prolonged tensions in the Middle East, which could place upward pressure on domestic fuel prices and inflation.
Relevant ministries and agencies have been instructed to strengthen oversight and coordination. The Ministry of Finance will monitor implementation and ensure transparency, while the State Bank of Viet Nam will support exchange rate stability and facilitate credit access for fuel enterprises.
Local authorities are required to intensify inspections of distribution networks to ensure retailers adhere to listed prices and maintain adequate supply. Meanwhile, fuel traders must comply with regulations on contributions to the stabilisation fund and guarantee sufficient reserves to meet demand even during periods of price fluctuation.
The resolution took effect on March 27, 2026.
