Hanoi, March 9 -- The Ministry of Finance (MoF) has proposed reducing the most-favoured-nation (MFN) import tariff on several gasoline and oil products and input materials to 0% as a temporary measure to stabilise domestic supply and help safeguard national energy security amid growing global uncertainties.

The proposal was outlined in a draft decree amending preferential import tariffs for certain goods, which has been submitted to the Ministry of Justice for appraisal.

The MoF said the global situation remains volatile, particularly due to tensions in the Middle East, which have caused sharp fluctuations in energy prices and disrupted global fuel supply chains. Crude oil price has surged as a result, affecting the domestic market. The...