Plan to power up energy sector Business

Plan to power up energy sector

Providing a sufficient source of energy to facilitate Vietnam’s industrialisation and modernisation while also ensuring national energy security remained a challenge as Vietnam and the region are importing more and more energy.
PetroVietnam stands firm amid “dual crisis” Business

PetroVietnam stands firm amid “dual crisis”

The Vietnam Oil and Gas Group (PetroVietnam) sustained its production and business activities in the first eight months of 2020 despites many oil and gas firms around the world struggling with the “dual crisis” of COVID-19 and prolonged low oil prices.
Greater efforts asked for ensuring national energy security Business

Greater efforts asked for ensuring national energy security

The Ministry of Industry and Trade has asked for stronger efforts to ensure national energy security, prioritise rapid and sustainable energy development in connection with protecting ecological environment, and ensuring national defence and security.
PetroVietnam fulfils 2020 increase to oil and gas reserves Business

PetroVietnam fulfils 2020 increase to oil and gas reserves

The Vietnam Oil and Gas Group (PetroVietnam) has announced that its exploration of the Ken Bau-2X well, located in the Red River Basin offshore of Vietnam’s northern continental shelf, helped the firm fulfil its plan of increasing oil and gas reserves in 2020 ahead of schedule.
Untie bottlenecks to develop clean energy sources Business

Untie bottlenecks to develop clean energy sources

To promote the development of renewable energy, there should be a prioritised policy mechanism on electricity prices and loan interest rates, according to Dr. Nguyen Manh Hien, President of the Scientific Council at the Vietnam Clean Energy Association.