Prime Minister Pham Minh Chinh has asked the Nghi Son Refinery and Petrochemical LLC (NSRP) to diversify its crude oil supply sources and avoid reliance on any single supplier, stressing that ensuring stable inputs is critical to Vietnam’s energy security amid global volatility.

A workshop held on March 26–27 discussed solutions to improve power system dispatch capacity amid Vietnam’s ongoing energy transition.

Vietnam possesses the fundamental conditions to become a very strong independent fuel and energy country, but it needs clear long-term targets and stable policy commitments to fully realise this potential, an Australian energy expert has said.

Vietnam has temporarily cut environmental protection tax on petrol, diesel and jet fuel to zero under a decision signed by Prime Minister Pham Minh Chinh, as the Government moves to stabilise the domestic fuel market and safeguard energy security.

The Mekong Delta City of Can Tho is focusing on industry-linked energy development, actively seeking international partners, including a consortium of China Harbour Engineering Company (Vietnam) and Shenzhen Energy Group, according to Nguyen Tuan Anh, Deputy Secretary of the municipal Party Committee.

Deputy Prime Minister Ho Quoc Dung has reaffirmed Vietnam’s policy of encouraging international energy groups, including those from the Republic of Korea (RoK), to step up investment in renewable energy, while ensuring a fair and transparent business environment in line with Vietnamese law.

A nationwide push to strengthen consumer protection will gather pace in the southern province of Khanh Hoa from March 27 to 29, as the Ministry of Industry and Trade (MoIT) leads this year’s activities marking Vietnam Consumer Rights Day 2026.

VOV.VN - Ho Chi Minh City is stepping up efforts to diversify its energy supply and build a more self-reliant system, as global fuel market volatility driven by geopolitical tensions continues to pose risks to energy security.

VOV.VN - Vietnam has reaffirmed its commitment to supporting international businesses and fostering a stable, transparent investment environment, as it seeks to play a more active role in building sustainable and resilient global supply chains.

Holding nearly 70% of Vietnam’s fuel market, the Vietnam National Petroleum Group (Petrolimex) and the Petrovietnam Oil Corporation (PVOIL), have proactively taken measures to enable the sale of E10 RON95 biofuel nationwide ahead of schedule, easing pressure on gasoline imports, strengthening national energy security.