Vietnam’s economy is under increasing strain as soaring oil prices intensify the challenges already burdening its overstretched infrastructure and supply chains, putting growth prospects and economic stability at serious risk, experts warn

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Vietnam’s economy is under increasing strain as soaring oil prices intensify the challenges already burdening its overstretched infrastructure and supply chains, putting growth prospects and economic stability at serious risk, experts warn

A Sri Lankan buyer paid $286 for a barrel of oil, highlighting a sharp divergence from global market prices. This anomaly underscores growing supply chain disruptions amid geopolitical tensions.

Asian countries are taking bold steps to tackle soaring oil prices, from ramping up subsidies and exploring new energy sources to stockpiling fuel reserves. As they face mounting economic challenges, these nations are striving to steady their markets, Reuters reports