VOV.VN - As global volatility intensifies, energy security is emerging as a top priority worldwide, including in Vietnam, where crude oil reserves are no longer just about ensuring supply but increasingly about safeguarding broader economic resilience.

VOV.VN - Prime Minister Pham Minh Chinh has directed the immediate construction of a national crude oil reserve in Nghi Son refinery complex, Thanh Hoa province, while calling for further studies to expand storage facilities in other locations to strengthen Vietnam’s energy security.

Crude oil supplies for domestic refineries have been maintained, and petrol supplies for the coming months remain secure, Prime Minister Pham Minh Chinh said while chairing a meeting in Hanoi on March 17 with the task force for energy security.

VOV.VN - Vietnam National Industry - Energy Group (Petrovietnam), the country’s state-owned oil, gas, and energy conglomerate, has proposed that the government consider temporarily halting crude oil exports in order to prioritise domestic refining and safeguard the country’s energy security.

VOV.VN - Dung Quat Refinery is operating at high capacity and implementing comprehensive risk management measures to ensure stable production and support domestic petroleum supply amid global energy market volatility, said Binh Son Refining and Petrochemical JSC (BSR).

Vietnam saw a strong increase in fuel imports in the first two months of this year amid global energy uncertainty triggered by spiralling Middle East tensions.

VOV.VN - Vietnam’s state-owned Binh Son Refining and Petrochemical JSC has signed cooperation documents with major US energy firms to explore crude oil and biofuel supplies, as the two countries seek to deepen energy ties and support more balanced trade.

VOV.VN - Thailand has maintained its position as Vietnam’s largest trading partner in ASEAN due to burgeoning trade, economic and investment activities between the two countries in recent times.

The Vietnam Oil and Gas Group( Petrovietnam) Exploration Production Corporation (PVEP) on July 14 signed contracts to supply crude oil to the Dung Quat Oil Refinery, and supply and consume gas from Ky Lan field.

VOV.VN - Foreign direct investment (FDI) businesses recorded more than US$12.3 billion in trade surplus, including crude oil sales in the first quarter, reported the Foreign Investment Agency under the Ministry of Planning and Investment.