As Vietnam steps up efforts to reduce greenhouse gas emissions, particularly in the energy, industrial and waste sectors, carbon capture, utilisation and storage (CCUS) projects are emerging as one of the essential solutions for achieving its net-zero emissions target by 2050.

Petrovietnam Gas Joint Stock Corporation (PV GAS), a member of Vietnam National Industry - Energy Group (Petrovietnam), and ENEOS Xplora Inc. are exploring broader cooperation in the gas and liquefied natural gas (LNG) value chain and energy projects.

The Vietnam Petroleum Institute (VPI), a member of Vietnam National Industry-Energy Group (Petrovietnam), and Beicip Technology Solutions Sdn. Bhd. (Beicip-Franlab Asia) have joined forces to advance research and technology in oil and gas exploration and production.

Vietnam is drawing up criteria for a list of large State-owned enterprises (SOEs) in strategic sectors as part of a broader effort to build globally competitive national enterprises.

Vietnam's fertiliser exports surged in the first half of 2026 as supply disruptions triggered by conflict in the Middle East tightened global markets and created new opportunities for domestic producers.

Nearly eight years after the adoption of the Party Central Committee's Resolution No. 36-NQ/TW on Vietnam's Strategy for Sustainable Marine Economic Development to 2030 with a vision to 2045, the oil and gas industry has reinforced its position as a key driver of the marine economy.

The Vietnam National Industry-Energy Group (Petrovietnam) on June 19 signed Production Sharing Contracts (PSCs) for Blocks 10/11 and 10&11-1, along with a Gas Sales and Purchase Agreement (GSPA) for Phase 2B of the Su Tu Trang (White Lion) gas field in Block 15-1.

A Vietnam-Russia trade and investment networking programme took place on June 17 with the participation of Vietnamese Prime Minister Le Minh Hung, senior leaders from both countries and more than 100 businesses from Vietnam and Russia.

Total revenue of 23 largest Vietnamese enterprises reached approximately VND3.8 quadrillion (US$144.5 billion) last year, according to financial statements from the companies.

The Vietnamese Government will create favourable conditions for the Russian oil and gas company Zarubezhneft to strengthen cooperation with the Vietnam National Industry-Energy Group (Petrovietnam) and other Vietnamese enterprises, affirmed Permanent Deputy Prime Minister Pham Gia Tuc on May 27.