US EditionVietnam Asks Japan, South Korea For Help Accessing Crude Oil Supplies
Vietnam depends on Middle East crude for up to 87% of imports and has reserves for only nine days, prompting urgent requests for support from Japan and South Korea.
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3 Articles
Vietnam Seeks Japan’s Help with Crude Oil Supply; SE Asian Nation had Relied Largely on Kuwait
HANOI — Vietnamese Prime Minister Pham Minh Chinh said on Tuesday that he had sent a letter to Prime Minister Sanae Takaichi requesting support amid soaring oil prices and supply chain disruptions caused by Iran’s de facto blockade of the Strait of Hormuz, according to the state-run Vietnam News Agency.
Vietnam’s Oil Crisis Exposes Energy Strategy Flaws
Vietnam’s appeal to Japan and South Korea for help securing crude oil exposes a glaring vulnerability in its energy strategy. The request, made as the Iran war tightens its grip on the Strait of Hormuz, underscores how reliant Hanoi remains on Middle Eastern supply chains despite its ambitions to become a manufacturing powerhouse. The numbers are stark. Nearly 90 percent of Vietnam’s oil imports… Source
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