The Vietnamese aviation sector is facing a potential jet fuel shortage starting in April due to instability stemming from the conflict in the Middle East. In light of this scenario, the government and aeronautical authorities are evaluating emergency measures to mitigate the operational and financial impact on national carriers.
Imminent Risk of Shortages
The Civil Aviation Authority of Vietnam (CAAV) has warned that the risk of supply disruption is real and could extend over the coming months. According to an official government statement, local providers can only guarantee fuel deliveries until the end of the current month.
This situation has been exacerbated by various logistical and contractual factors:
- Shipment Delays: Suppliers have begun to postpone fuel shipments, citing various technical and logistical reasons.
- Force Majeure Clauses: There is a possibility that suppliers may invoke force majeure clauses to suspend their contractual obligations due to the external crisis.
Governmental Measures and Tariff Adjustments
Given the rising prices and supply uncertainty, the CAAV has proposed that the government allow airlines to implement an upward adjustment in airfares. The objective of this measure is to help companies absorb the increasing operating costs derived from the energy market.
For its part, the Vietnamese State has already implemented fiscal strategies to alleviate pressure on the industry:
- Elimination of Tariffs: Import duties on fuels have been abolished.
- Environmental Tax Reductions: The government is considering maintaining the environmental tax cut until May to support the financial sustainability of the airlines.
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