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oil

Fuel prices drop again from April 23 afternoon

Fuel prices drop again from April 23 afternoon

Accordingly, the price of E5RON92 biofuel is capped at VNĐ21,834 (US$0.83) per litre, down VNĐ100, and remaining VNĐ1,046 lower than RON95-III. The price of RON95-III is set at no more than VNĐ22,880 per litre, down VNĐ162.
Việt Nam to roll out special mechanisms for national energy centres

Việt Nam to roll out special mechanisms for national energy centres

Việt Nam needs breakthrough policy mechanisms beyond tax incentives to accelerate plans for a national refining and energy hub at Dung Quất in the central province of Quảng Ngãi, as the country seeks to strengthen energy security amid global volatility.
Dung Quất biofuel plant set for full-capacity operations in April

Dung Quất biofuel plant set for full-capacity operations in April

The Dung Quất Biofuel Plant is accelerating production and is expected to reach full capacity around mid-April, supplying ethanol for nationwide E10RON95 biofuel blending.
PM seeks to accelerate construction of strategic oil reserve near one of the countrys biggest refineries

PM seeks to accelerate construction of strategic oil reserve near one of the country's biggest refineries

Việt Nam would continue working with relevant countries and partners to secure stable crude oil inputs for the refinery, while promoting solutions to facilitate the transportation of petroleum products through the Strait of Hormuz to Việt Nam, including crude supply...
Petrol supplies still ensure production and consumption in coming months: PM

Petrol supplies still ensure production and consumption in coming months: PM

The Government has issued a resolution outlining 10 key solutions, promoted energy diplomacy and directed increased exploitation of oil, gas and coal resources, while regulating hyower reservoirs to support electricity generation.
ASEAN states working on fuel-sharing deal

ASEAN states working on fuel-sharing deal

This measure, through which ASEAN countries can provide petroleum supplies to neighbors facing shortages of at least 10 percent of their requirements, comes as the conflict in the Middle East continues to escalate.
Firms face rising pressure from fuel prices

Firms face rising pressure from fuel prices

Recent fuel price increases triggered by escalating Middle East tensions are placing fresh pressure on production and business as costs rise significantly.
VN records strong increase in fuel imports in the first two months

VN records strong increase in fuel imports in the first two months

Statistics of Vietnam Customs showed that Vietnam spent more than US$1.44 billion importing 2.18 million tonnes of petroleum products in the first two months of this year, representing a sharp increase of 31.4 per cent and 43 per cent, respectively, over...
PV GAS moves to secure LNG, LPG supply amid Middle East tensions

PV GAS moves to secure LNG, LPG supply amid Middle East tensions

PV GAS said it has proactively arranged three LNG import cargoes for the first half of 2026 to maintain stable supply for power generation and industrial production.
Việt Nam urged to brace for oil supply shocks, price spikes amid Middle East tensions

Việt Nam urged to brace for oil supply shocks, price spikes amid Middle East tensions

Việt Nam must prepare for potential disruptions to oil supply and sharp price increases triggered by escalating tensions in the Middle East with priorities on domestic crude reserves, limiting exports when necessary together with flexible fuel price management to ensure...
Fertiliser makers seen benefiting from stable urea prices, lower oil costs in 2026

Fertiliser makers seen benefiting from stable urea prices, lower oil costs in 2026

Analysts expect prices to stabilise throughout 2026, keeping the average selling price in line with 2025 levels.
VN-Index breaks 1,900 points for first time

VN-Index breaks 1,900 points for first time

Today''s gain d an opportunity for foreign investors to take profits after four consecutive sessions of accumulation.
Largest oil well in Southeast Asia of last two decades found offshore of Việt Nam

Largest oil well in Southeast Asia of last two decades found offshore of Việt Nam

The Murphy Oil Corporation has announced that its subsidiary has successfully drilled the Hải Sư Vàng-2X (HSV-2X) appraisal well offshore of Việt Nam, potentially the biggest oil discovery in Southeast Asia of the last 20 years.
Petrovietnam sets sights on global Top 5 with ambitious green growth agenda

Petrovietnam sets sights on global Top 5 with ambitious green growth agenda

At the congress, Prime Minister Phạm Minh Chính praised Petrovietnam’s achievements, saying the group had become a model for transformation, resilience and innovation across the State-owned enterprise sector.
Institutional and financial barriers slow energy transition

Institutional and financial barriers slow energy transition

Themed ''Energy Transition: Vision and Action'', the forum focused on Việt Nam’s need to stay competitive in the global green supply chain while adapting to climate change.