To compensate for the oil shortage caused by the Iran conflict, Vietnam has increased fuel imports.

```htmlGolden Ten Data reported on May 13 that, according to customs data, after the outbreak of the Iran war, Vietnam increased its imports of refined petroleum products to compensate for a reduction in crude oil supply from its domestic refineries. This shift helped the Southeast Asian industrial hub cushion the impact of the Gulf region crisis. However, it also resulted in an unusual trade deficit for this export-dependent economy and triggered a sharp rise in consumer prices—the country’s consumer price index rose by 5.46% in April, exceeding the government’s target of 4.5%. Reuters' analysis of Vietnam customs data shows that between March and April, Hanoi's imports of refined petroleum products rose nearly 17% year-on-year, while the import value (in USD) increased by 144% year-on-year. Data indicates that the country ramped up purchases from Malaysia and South Korea; in these two months, South Korea’s exports of refined oil products to Vietnam nearly matched those of its largest supplier, Singapore, with refined oil exports increasing over 60% year-on-year to 610,000 tons, accounting for about one-third of Vietnam’s total imports of refined petrol products. Meanwhile, Vietnam’s imports of refined oil products from Malaysia nearly doubled, reaching 403,000 tons, making Malaysia Vietnam’s third largest supplier of refined oil products.```