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oil and gas

Temporary tax cuts on petrol and oil extended

Temporary tax cuts on petrol and oil extended

Under Resolution No 34/NQ-CP issued on June 30, the government prolonged the exemption of the environmental protection tax, value-added tax (VAT) and most-favoured-nation (MFN) import tariff on petroleum products, fuel production feedstock and aviation fuel for an additional three months.
Energy industry urges reforms to speed up strategic projects

Energy industry urges reforms to speed up strategic projects

The oil and gas industry no longer enjoys the favourable conditions of previous decades, with many major oil and gas fields entering decline while new discoveries are increasingly located in deeper waters, requiring higher investment, more advanced technology and stricter...
Petrovietnam signs two major oil, gas agreements

Petrovietnam signs two major oil, gas agreements

The agreements underscore the commitment of Petrovietnam, the Petrovietnam Exploration Production Corporation (PVEP) and their partners to advancing oil and gas exploration, development and production activities, contributing to national energy security.
Việt Nam, Japan cultivate energy collaboration

Việt Nam, Japan cultivate energy collaboration

Deputy Minister of Industry and Trade Nguyễn Hoàng Long held a working session with Representative Director and Executive Vice President of Japan’s Idemitsu Kosan Co Ltd (IKC) Atsuhiko Hirano in Hà Nội on Friday, saying that he expects the Japanese...
Murphy Oil urged to expand investment in Việt Nam

Murphy Oil urged to expand investment in Việt Nam

The projects are expected to add to domestic oil and gas supply in the coming years.
Fuel prices cut for second consecutive week

Fuel prices cut for second consecutive week

The sharpest decrease was recorded for E5RON92 biofuel.
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.