Vietnam fuel and food price trends

In early November 2026, Vietnam experienced a significant decline in fuel prices. Retail costs for gasoline and diesel dropped following tax reduction policies and global market fluctuations, with Brent crude remaining below 100 USD per barrel. These prices were notably lower than those in neighboring Thailand and Cambodia.

However, despite these decreasing input costs, the price of pho has risen in Vietnam. In Hanoi, consumers reported that the cost of a bowl of pho increased from 30,000 to 35,000 VND to as much as 50,000 to 60,000 VND. Observers noted that while vendors are quick to raise prices when costs increase, they have been slow to pass savings from cheaper gasoline, electricity, and food ingredients back to the customers.

By mid-November, food prices remained volatile or high despite falling electricity and fuel costs. In Northern Vietnam, pork prices fluctuated between 46,000 and 48,000 VND per kg, while prices in the South saw slight increases. In Hanoi, retail prices for staples such as beef and pork belly remained elevated at local markets. Vendors and restaurant owners reported that high overhead expenses and costs from wholesalers prevent them from lowering consumer prices. While global oil trends suggest further potential decreases for domestic fuel prices due to signs of oversupply, these energy price drops have yet to translate into lower costs for retail groceries or food services.