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Faced with a sharp increase in gasoline and asphalt prices, directly affecting the cost and progress of road maintenance, the Vietnam Road Administration proposes to adjust the fuel price compensation mechanism to support contractors in project implementation. Download If gasoline and asphalt prices continue to increase, road maintenance will face many difficulties, with the risk of affecting project progress. The Vietnam Road Department has just reported to the Ministry of Construction about the impact of gasoline price fluctuations on road construction and maintenance investment projects. Asphalt prices increased by 32% This agency said that from the beginning of March 2026 until now, world crude oil prices have skyrocketed, leading to domestic fuel prices having to be adjusted upward as follows: Gasoline increased by about 15%, diesel increased sharply by about 70%, asphalt materials increased by nearly 32% compared to the end of February... Asphalt suppliers announced that the source of imported goods was interrupted and the quantity supplied to the market was limited, making it difficult for contractors to buy asphalt. It is forecasted that in the short term, the price of fuel and materials for road construction and maintenance (especially gasoline, oil, and asphalt) will be high, with the possibility of local scarcity. causing difficulties in implementing bidding packages for construction, repair, and asphalt pavement. Regarding the implementation of road maintenance projects, the Vietnam Road Administration said that currently, road management zones have completed the selection of contractors for 89/119 construction and installation bidding packages and all bidding packages apply fixed unit prices. In case the price of gasoline and asphalt increases, contractors will face many difficulties and risks affecting the progress of construction works. Through preliminary review and updating according to fuel and material prices at the beginning of April, the cost of road maintenance packages is estimated to increase by about 946 billion VND (from 3,294 billion VND to 4,240 billion VND, an increase of 28.7%). Road maintenance projects are mainly repairing asphalt pavement, with a small number related to signage systems, traffic safety, drainage systems... expected to be greatly impacted by increases in gasoline and asphalt prices, causing serious damage to contractors business operations. Currently, there is a situation where contractors are delaying construction, prolonging the time to complete the project; leading to a potential loss of traffic safety and construction safety on the roads assigned to manage. At the same time, disbursement of the assigned maintenance capital in 2026 is not guaranteed, the Vietnam Road Department said. It is known that projects implemented in the planned year should be basic construction and installation contracts based on fixed unit price contracts, and bidding has now been completed to deploy construction. 75% of the project list is needed. There is a need for a fuel price compensation mechanism to support contractors. In order to remove difficulties for contractors, with contracted packages, the Vietnam Roads Department and contractors have grasped the situation and adjusted the implementation plan, prioritizing implementation of items that are less affected by fuel price fluctuations. For bidding packages that have been bid but the contractor has delayed signing the contract, the Vietnam Roads Department is determined to comply with the law. Bidding packages that have not been bid will be updated to adjust the bidding package price, the form of the adjusted unit price contract will be accompanied by regulations on the type of fuel, adjusted materials and appropriate adjustment methods. However, the Vietnam Road Administration also said that currently the bidding packages that have been signed as fixed unit price contracts are facing difficulties and cannot adjust the unit price according to the law, so there is no basis to adjust the fixed contract unit price. Faced with the above situation, the Vietnam Road Administration recommends that The Ministry of Construction will consider reporting to the National Assembly and the Government to consider the impact of increasing gasoline prices on the construction and maintenance sectors to adjust and supplement legal documents as a basis for sectors and localities to implement contract amendments for package contracts and fixed-unit price contracts. In 2026, funding for the management and maintenance of the national highway system will amount to 6,921 billion VND. Currently, all projects in the plan have been approved and are ready to enter the bidding phase. The goal is to deploy the projects early before the rainy season, ensuring progress, quality and safety for the national transportation system in the context of many fluctuations in input costs. PTTRefer moreContinue to supplement the planning of road routes connecting with airports and seaportsSee morePrime Minister: The whole country has completed and started construction of more than 4,000 km of expressways.See moreUrgently review and upgrade invested expressway routes according to a phased scale.See moreDeterminately remove difficulties and obstacles and ensure the progress of 04 expressway projects
