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oil and gas

Retail fuel prices cut from Thursday afternoon

Retail fuel prices cut from Thursday afternoon

Retail fuel prices were simultaneously reduced from 15:00 on Thursday following the latest adjustment by the Ministry of Industry and Trade (MoIT) and and the Ministry of Finance, with E5RON92 biofuel recording the sharpest decline.
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.
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.
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.
Petrovietnam exceeds key targets in four months

Petrovietnam exceeds key targets in four months

Petrovietnam delivered strong results in the first four months of 2025, exceeding most key production targets despite global market headwinds.
HCM City secures US6 bln deal for green energy, oil refinery projects

HCM City secures US$6 bln deal for green energy, oil refinery projects

A landmark US$6 billion investment agreement was signed in HCM City Monday, uniting Vietnam’s KOGI Groun and energy infrastructure in southern Việt Nam.
Prime Minister attends a series of oil and gas and offshore wind events

Prime Minister attends a series of oil and gas and offshore wind events

Prime Minister Phạm Minh Chính attended the oil and gas and offshore wind events with an investment capital of billions of US dollars in Bà Rịa-Vũng Tàu Province on December 1.
Petrovietnam aims for over US39 billion in 2024 revenue

Petrovietnam aims for over US$39 billion in 2024 revenue

Chairman Lê Mạnh Hùng has asked subsidiaries to assess global economic and political situation and trends to seize opportunities.
Petrovietnams nine-month results surpass revenue and budget contribution targets for 2024

Petrovietnam's nine-month results surpass revenue and budget contribution targets for 2024

Petrovietnam''s earned a total revenue of VNĐ736.5 trillion and contributed VNĐ115.2 trillion to the State budget in the first nine months of 2024, surpassing its annual targets by three to four months.
Petrovietnam partners with US firms on digital transformation and sustainable energy

Petrovietnam partners with US firms on digital transformation and sustainable energy

Petrovietnam on Monday (local time) signed MOUs with Kellogg Brown & Root (KBR) and GE Digital International LLC to promote digital transformation and sustainable green fuels.