

Vietnam is making significant strides toward transforming its energy sector by fostering a competitive and sustainable market to meet the nation’s socio-economic development demands.
The Vietnam Oil and Gas Group (Petrovietnam) is taking strong measures to earn 1 quadrillion VND (39.4 billion USD) in revenue this year.
Petrovietnam Renewable Energy Corporation (PV Power REC) have signed a cooperation agreement with PVA Energy Solutions and the Republic of Korea’s tech firm 60Hertz to enhance Vietnam’s renewable energy sector using advanced information technology (IT) and artificial intelligence (AI).
The Vietnam Oil and Gas Group (Petrovietnam) on September 23 signed Memoranda of Understanding (MOUs) with Kellogg Brown & Root (KBR) and GE Digital International LLC, a subsidiary company of GE Group, to advance digital transformation and develop sustainable green fuels.
The Vietnam Oil and Gas Group (Petrovietnam) has been able to master the world’s state-of-the-art technologies and now stands a chance to transform itself to become a national industry-energy group.
To the oil and gas sector and the Vietnam Oil and Gas Group (Petrovietnam), the Fourth Industrial Revolution is a big opportunity and also a considerable challenge. In this inevitable trend, promoting scientific - technological research and application along with digital transformation has become a key solution helping the industry and Petrovietnam surmount challenges, develop sustainably, guarantee national energy security, and contribute to national socio-economic development.
Conclusion 76-KL/TW has paved the way for the Vietnam Oil and Gas Group (Petrovietnam) to build strategies for offshore wind power development, contributing to promoting clean energy in Vietnam.
The Vietnam Oil and Gas Group (Petrovietnam) has achieved financial targets exceeding planned levels by between 34% and 92% in the first five months despite facing significant drops in its core product prices. This is attributable to its effective management of the market fluctuations.
The Vietnam Oil and Gas Group (Petrovietnam) on May 6 announced the discovery of two new oil and gas fields, Rong and Bunga Aster, which coincided with the 70th anniversary of the historic Dien Bien Phu Victory (May 7).