Deputy Minister Nguyen Viet Son discusses petroleum supply security and market stabilization for late 2026 and 2027
On November 9, at the headquarters of the Ministry of Industry and Trade, Deputy Minister Nguyen Viet Son held talks with the Agency for Domestic Market Surveillance and Development to discuss measures to ensure petroleum supply and stabilize the market in the final months of 2026, as well as plans for 2027.
Deputy Minister Nguyen Viet Son holds talks with the Agency for Domestic Market Surveillance and Development .
The meeting was attended by representatives of the leadership of the Energy - Petroleum Agency, Department of Foreign Market Development and Multilateral Trade and major petroleum traders.
At the meeting, participants discussed and assessed developments in the petroleum market and domestic supply security. They also considered measures to proactively meet demand for production, business operations and consumption in the final months of 2026.
In the coming period, the Ministry of Industry and Trade will continue coordinating with relevant ministries and agencies to study, advise on and implement appropriate mechanisms and policies to help stabilize the petroleum market and balance the interests of the State, businesses and consumers. The Ministry will also coordinate with the Ministry of Finance in managing petroleum prices, closely monitoring developments in domestic and global markets. At the same time, it will keep a close watch on supply and demand and promptly implement appropriate management measures in accordance with regulations.
The Ministry of Industry and Trade will continue coordinating with relevant ministries and agencies to study, advise on and implement appropriate mechanisms and policies to help stabilize the petroleum market.
In addition, the Ministry of Industry and Trade will direct its specialized units to work with businesses to implement coordinated measures to maintain a stable petroleum supply. These efforts will include proactively monitoring market developments, strengthening management and inspections of compliance with regulations governing petroleum trading, and coordinating responses to emerging issues to prevent disruptions to production, business operations and consumer demand.
For 2027, the Ministry of Industry and Trade will continue to proactively monitor market developments, improve the quality of information collection and analysis, and strengthen forecasting capabilities. It will promptly advise on and propose appropriate measures to ensure a stable petroleum supply that meets the needs of socioeconomic development and domestic consumption
