Vietnamese authorities have warned of potential flight cuts starting in April due to a surge in jet fuel shortages. The crisis follows export bans by China and Thailand, which supply over 60% of Vietnam’s fuel needs.
The Civil Aviation Authority of Vietnam said airlines must review domestic operations and prepare for reduced capacity. Airports are being instructed to secure extra parking space. Singapore supplies have also declined.
Major importers Petrolimex and Skypec confirmed they can only guarantee fuel through March. Skypcec urged the government to restrict flights to essential routes if tensions persist.
Vietnam’s two domestic refineries are under pressure to boost other oil outputs, limiting jet fuel production. Even if supply stabilizes, soaring prices-now exceeding $157 per barrel in Singapore-threaten route profitability.
Vietnam has engaged China and Thailand diplomatically, with Foreign Minister Le Hoai Trung urging energy coordination and Prime Minister Pham Minh Chinh appealing to Thailand. No immediate response was received.
Sun PhuQuoc Airways plans schedule adjustments amid price volatility. Importers warn credit lines are nearing limits, calling for flexible banking support.