Vietnam's refined fuel imports rose nearly 17% in the March to April, Reuters reported Wednesday, citing the country's customs data.
In terms of value, refined fuel imports were up 144% compared with a year earlier, the report said.
The adjustment helped ease immediate supply pressures due to the Iran war, though it added strain to the country's trade balance, the report said.
Inflation also accelerated to 5.46% in April, exceeding the government's 4.5% target.
Vietnam increased imports from Malaysia and South Korea to make up for the declining fuel supplies from Singapore and China, the news agency reported, citing the data.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)