Hanoi, April 13 -- The move comes against the backdrop of escalating tensions in the Middle East since February 28, which have triggered sharp global energy price hikes, particularly crude oil and natural gas.

Supply disruptions have driven oil prices higher, placing pressure on Viet Nam's domestic fuel market and increasing costs for businesses and consumers.

Under the resolution, several key fuel-related taxes-including the environmental protection tax, value-added tax (VAT), and special consumption tax-will be temporarily removed.

Specifically, the environmental protection tax on gasoline (excluding ethanol), diesel, kerosene, mazut, and jet fuel will be cut to zero. Fuel products will also be exempt from VAT declaration and payment...