Joint Press Release Petrovietnam - Vitol

Petrovietnam and Vitol Asia Pte. Ltd. (Vitol) strengthen cooperation in the energy sector

Singapore, May 29, 2026 - In the framework of the State visit to Singapore by H.E. To Lam, General Secretary of the Communist Party of Viet Nam and President of the Socialist Republic of Viet Nam, the delegation of the Vietnam National Industry - Energy Group (Petrovietnam), led by President and CEO Mr. Le Manh Cuong, together with representatives of its subsidiaries, held a working session with Vitol Asia Pte. Ltd. (Vitol) to promote the implementation of cooperation between the parties in the energy sector.

Zarubezhneft-Petro Viet Nam cooperation contributes substantively to Viet Nam-Russia ties: Deputy PM

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

Minister Le Manh Hung holds talks with President and Group CEO of Malaysia’s Petronas

On the afternoon of May 21, 2026, at the headquarters of the Ministry of Industry and Trade, Minister of Industry and Trade Le Manh Hung received Tengku Muhammad Taufik, President and Group Chief Executive Officer of Malaysia’s national oil and gas company Petronas, during the Petronas delegation’s working visit to Vietnam.

Joint Press Release Petrovietnam - Vitol

Petrovietnam and Vitol Asia Pte. Ltd. (Vitol)  sign Memorandum of Understanding on cooperation

Singapore, 12 May 2026 - On 12 May 2026, in Singapore, Vietnam National Industry - Energy Group (Petrovietnam) and Vitol Asia Pte. Ltd. (Vitol) held a signing ceremony for a Memorandum of Understanding on cooperation in the energy sector and related areas.

Petrovietnam, Samsung Heavy Industries sign cooperation deal

Petrovietnam and Samsung Heavy Industries have signed an MoU to establish a cooperation framework in shipbuilding, energy industry, and related sectors.

Vietnam - South Korea exchange 12 cooperation documents, including 2 documents on nuclear power

12 cooperation documents between ministries and sectors of Vietnam - Korea were handed over on the afternoon of April 22.

VN, Russia seek to expand modern industrial cooperation

The free trade agreement between Việt Nam and the Eurasian Economic Union has helped boost bilateral trade to around US$6 billion in 2025, with both sides aiming to raise the figure to $15 billion in the coming years.

Fugro extends MoU with PTSC G&S to support offshore wind growth

Vietnam’s offshore wind (OSW) ambitions are driving rising demand for high-quality marine data to support energy development. Fugro and PTSC Geos and Subsea Services are expanding their long-standing partnership to help meet that need.

Petrovietnam Gas Awards First Multi‑Year LNG Deal to Shell - 2027‑31

State‑owned Petrovietnam Gas has signed its first multi‑year LNG supply contract, a five‑year agreement with Shell delivering about 400,000 tonnes per year to the Thi Vai terminal from 2027 through 2031. The deal marks a strategic pivot in Vietnam’s energy market from spot purchases toward longer‑term contracting, with implications for fuel security, power sector financing and regional LNG flows.

Petrovietnam BASF cooperates in developing green methanol, pioneering the energy transition

Petrovietnam and BASF have just organized a "Green- met metals policy conference, orientation for green fuel conversion in Vietnam".

Oil and gas, energy cooperation strengthens Vietnam–Algeria friendship

Since the establishment of diplomatic relations in 1962, collaboration in oil and gas in particular, and energy in general between Vietnam and Algeria, has become a prominent highlight, bringing strategic benefits to both sides and enhancing Vietnam’s presence and reputation in the North African region.

Japan’s Mitsui commits to long-term cooperation, investment in Vietnam

PM Pham Minh Chinh called on Mitsui, with its long-term vision, to continue advancing its cooperation with Vietnamese partners, accelerate progress on the Block B project, and expand operations, and improve collaboration efficiency in the energy sector.

Oil and gas – a cornerstone of Vietnam-Russia Comprehensive Strategic Partnership: PM

PM Pham Minh Chinh said that Vietnam always offers all possible support for Russian energy companies, including Zarubezhneft, to operate in the country.

Vietnam, Brunei issue joint statement

The leaders of Vietnam and Brunei affirmed their commitment to further strengthen cooperation in all areas, including political, defence and security, trade and investment, energy, education, culture and society, people-to-people exchanges, and other areas of mutual interest, as well as cooperation within multilateral frameworks.

PM meets Algerian officials, corporation representatives

PM Phạm Minh Chính called for stronger partnerships in Việt Nam’s key sectors including solar and wind energy, machinery and electrical equipment, and smart grid development.

Vietnam and Algeria set ambitious goals for future cooperation

Prime Minister Pham Minh Chinh met with Ibrahim Boughali, Speaker of the People’s National Assembly (Lower House), in capital Algiers on November 20 as part of its official visit to Algeria.

Petrovietnam arm, Germany's Messer to build $37 mln industrial gas plant in southern Vietnam

Petrochemical and Services Corporation (PVChem), a subsidiary of state-owned Petrovietnam, has signed an agreement with Germany’s Messer SE & Co. KGaA to form a joint venture to develop a $37 million industrial gas plant in southern Vietnam.

Vietnam, Algeria seek new cooperation projects

Prime Minister Pham Minh Chinh has urged ministries, agencies, and businesses from Vietnam and Algeria to swiftly advance cooperation in agriculture, particularly in banana, tea and rice cultivation, and aquaculture.

Vietnam's first LNG power plants to begin commercial operation in Nov-Dec

Nhon Trach 3 and 4, Vietnam’s first LNG-fired power plants, are expected to begin commercial operations at the end of 2025, according to authorities in the southern province of Dong Nai.

Vietnam – Algeria joint statement on establishing strategic partnership

The newly established Strategic Partnership framework between Vietnam and Algeria reflects the growing significance of their ties in the new era, aiming to expand comprehensive, substantive, and effective cooperation; strengthen existing mechanisms, and promote new initiatives.