Arabic version: عمال الاقتصاد المؤقت في فيتنام يكافحون مع ارتفاع أسعار الوقود
Vietnam’s gig economy is feeling the impact of soaring fuel costs, exacerbated by the ongoing conflict in Iran. E-hailing driver Nguyen shared his frustration, revealing that after a long day of work, half of his earnings went towards fuel expenses. “I drove for around seven or eight hours, making around 240,000 Vietnamese dong [$9.11] and then I paid 120,000 Vietnamese dong [$4.56] on petrol,” Nguyen, a motorcyclist who connects with passengers via the locally developed super-app Be, told Al Jazeera, asking not to be identified by his real name. The rise in diesel and petrol prices, driven by disruptions in crude oil shipments, has left many drivers like Nguyen questioning their ability to sustain their livelihoods.
According to Al Jazeera, the Vietnamese government has implemented emergency measures to alleviate the financial burden on citizens. Prime Minister Pham Minh Chinh last month announced a temporary suspension of environmental taxes on fuel until April 15, aiming to stabilize prices. However, this move sacrifices an estimated $273 million in tax revenue, highlighting the tough choices facing policymakers.
The rising costs are not only affecting gig workers but also impacting public transport and other sectors. Bus operators are struggling to remain profitable despite raising ticket prices by 3,000 Vietnamese dong ($0.11). Additionally, fishermen are feeling the pinch, as increased fuel prices have forced them to seek cheaper alternatives for operating their boats, leading to reduced earnings. “What I was usually able to sell for 800,000 Vietnamese dong [$30] is now only selling for 650,000 Vietnamese dong [$24],” one fisherman told Al Jazeera, asking not to be identified by name.
Families across Vietnam are adjusting their daily routines due to the financial strain. Many low-income households are limiting their use of bottled gas and relying more on wood for cooking. This shift has resulted in families spending less time together, as parents in rural areas must travel to cities for work, driven by rising commuting costs and stagnant wages. “Many parents in remote areas must leave their children with grandparents to work in cities,” a communications manager for the Saigon Children’s Charity said.
As the situation continues to evolve, experts stress the need for Vietnam to pursue greater energy independence. With only two refineries currently operational, the country is urged to invest in building more facilities to mitigate future vulnerabilities. The government’s response to this crisis will be crucial in determining the long-term stability of Vietnam’s economy and the well-being of its citizens.
