The impact of the US-Israel war on Iran is rippling through Vietnam, particularly affecting gig workers and the broader economy. The conflict has led to a significant increase in fuel prices due to the blockade of the Strait of Hormuz, which Vietnam relies on for a large portion of its crude oil. This has had a devastating effect on e-hailing drivers like Nguyen, who now struggle to make ends meet with their earnings being eaten up by soaring fuel costs. The situation is so dire that many drivers are turning off the app and going home, unable to work due to the high petrol prices. The government has responded with emergency measures, including a suspension of environmental taxes on diesel and petrol, but the strain on the economy is evident. Public transportation is over capacity, and domestic carriers have reduced flights. Gig workers, already vulnerable due to minimal labour protections, are particularly exposed to the double whammy of heavy fuel consumption and lack of negotiating power with platforms. This has led to longer working hours and reduced income. The crisis has also affected other sectors, such as fishing and public transportation, with rising fuel costs impacting income and forcing families to make difficult choices. The government's focus on energy independence has intensified, with plans to build more refineries and invest in renewable energy. However, the long-term solutions are years away, and authorities are scrambling for short-term fixes. The war on Iran is also reshaping domestic investment, with companies like Vingroup redirecting funds from fossil fuel projects to renewable energy. Despite the government's efforts, the future looks uncertain for Vietnam's gig workers and the broader economy, as the country grapples with the fallout from the US-Israel war on Iran.
