Market News

Vietnam's BSR Signs Crude Oil Purchase Agreement with ExxonMobil

The Vietnam Oil and Gas Group (BSR) has signed a framework agreement for crude oil purchases with ExxonMobil Asia Pacific during a high-level roundtable in New York City.

September 27, 2026

Challenges for Wind Power Projects in Vietnam's Gia Lai Province

Two wind power initiatives in Gia Lai, developed by Nexif Ratch Energy and VinEnergo, are facing significant hurdles that may delay their construction timelines.

September 27, 2026

EVN Outlines Responsibilities for Ninh Thuan 1 Nuclear Power Project

At a recent scientific workshop, EVN emphasized its responsibilities in the Ninh Thuan 1 nuclear power project and highlighted the need for comprehensive preparations in project management and safety protocols.

September 27, 2026

Quang Tri Provincial Leaders Inspect Progress at Quang Trach Power Center

On September 24, 2026, Quang Tri Provincial Party Secretary Vuong Quoc Tuan and Chairman Bui Hoang Phuong conducted an inspection of the ongoing projects at the Quang Trach Power Center.

September 27, 2026

Joint Venture Established for $2.2 Billion LNG Power Project in Vietnam

PV Power, SK Innovation, and Nghe An Sugar Limited Liability Company have formed a joint stock company to develop the Quynh Lap LNG power plant in Nghe An province, valued at approximately $2.27 billion.

September 27, 2026

Vietnam Initiates Development of Kinh Ngu Vang Oilfield, Aiming for First Oil by Q4 2027

Vietnam has commenced the development of the Kinh Ngu Vang oilfield, with production expected to begin in the fourth quarter of 2027. The project is led by PetroVietnam Exploration Production Corp (PVEP) in collaboration with Vietsovpetro.

September 27, 2026

Adjustment to Electricity Planning in Dien Bien Province

The Ministry of Industry and Trade has issued a document regarding updates to the national electricity development plan for the 2021-2030 period, with a vision extending to 2050, specifically for Dien Bien Province.

September 27, 2026

Agribank and PVEP Sign Credit Agreement for Offshore Oil Projects

Agribank and PVEP have signed a credit agreement to finance the Lô B 48 95 and Lô 52 97 offshore projects in southwestern Vietnam.

September 27, 2026

PVTrans Recognized Among Vietnam's Top 50 Listed Companies for 2026

PVTrans has been honored as one of the Top 50 listed companies in Vietnam for 2026, marking its sixth consecutive year on the prestigious list. This recognition highlights the company's commitment to business efficiency and long-term growth.

September 27, 2026

Vietnam Government Pushes to Resolve Power Project Delays

The Vietnamese government has mandated the resolution of issues surrounding the Song Hau 2 and O Mon power projects to enhance energy security in the Mekong Delta. This directive aims to ensure timely progress on these critical infrastructure initiatives.

September 27, 2026

Update on Land Compensation for Dung Quat 220kV Substation Project

The Vice Chairman of Quang Ngai Province, Do Tam Hien, met with EVNNPT to discuss the progress of land compensation for the Dung Quat 220kV Substation and its connecting line.

September 21, 2026

PV GAS Celebrates 36th Anniversary

PV GAS held a formal ceremony to commemorate its 36th anniversary, reflecting on over three decades as a key player in Vietnam's energy sector. The event also recognized outstanding teams during the PV GAS Sports Festival 2026.

September 21, 2026

Gulf Energy Revives Gas-Fired Power Plans in Vietnam

Thailand's Gulf Development is renewing its plans for significant gas-fired power projects in Vietnam, driven by rising electricity demand due to the country's rapid economic growth.

September 20, 2026

Gia Lai Province Approves Expansion of Se San 3 Hydropower Project

Gia Lai Province has granted investment approval for the expansion of the Se San 3 Hydropower Plant, with the Vietnam Electricity Group (EVN) designated as the project investor.

September 19, 2026

Cà Mau Oil Refinery Complex Proposed for National Energy Planning

The Cà Mau Provincial People's Committee has submitted a proposal to the Ministry of Industry and Trade to include the Cà Mau Oil Refinery Complex in the national energy planning adjustments for the period 2021-2030, with a vision extending to 2050.

September 19, 2026

Vietnam's Deputy Minister of Industry and Trade Meets with Baker Hughes Executive

Deputy Minister Nguyen Viet Son recently held a meeting with Amerino Gatti, Executive Vice President and CEO of Baker Hughes' Oilfield Services division. The discussion focused on collaboration opportunities between the Vietnamese government and the American oil and gas company.

September 17, 2026

AKROCEAN Launches Successful Offshore Wind Measurement Campaign

AKROCEAN has successfully deployed a Floating LiDAR system for the Southern Wind Power Project 3, which is expected to generate 500 MW. This marks the beginning of data collection for wind and oceanographic parameters essential for project development.

September 17, 2026

Power & Grid

Khánh Hòa Province and EVNNPT Address Land Clearance Issues for 220kV Power Line Project

On September 16, 2026, Khánh Hòa Province's Vice Chairman Trịnh Minh Hoàng led a meeting with EVNNPT and relevant local agencies to discuss resolving compensation and land clearance challenges for the 220kV Krông Búk Nha Trang power line project.

September 17, 2026

Ca Mau Province Proposes New Oil Refining and Petrochemical Complex

Ca Mau Province in southern Vietnam has submitted a proposal for a new oil refining and petrochemical complex, aiming for a capacity of up to seven million tons per year by 2030. The project is intended to enhance domestic refining capabilities and support the development of an energy hub in the region.

September 17, 2026

BSR Seeks New Crude Oil Sources at APPEC 2026

During the 42nd Asia Pacific Petroleum Conference (APPEC) 2026 in Singapore, BSR engaged with crude oil suppliers to diversify its crude oil sources for the Dung Quat Refinery.

September 16, 2026

Power & Grid

PTC4 Celebrates 50 Years of Power Transmission Development

On September 15, 2026, in Ho Chi Minh City, the Power Transmission Company 4 (PTC4) will commemorate its 50th anniversary since its establishment in 1976. The event will feature remarks from Mr. Hoang Xuan Khoi, Acting General Director of the National Power Transmission Corporation (EVNNPT).

September 16, 2026

Quang Tri Province Approves Adjustments for Wind Power Projects Worth Nearly $140 Million

Quang Tri province has approved investment plan adjustments for two wind power projects, TNC Quang Tri 1 and 2, with a combined capacity of 100 MW and total investment exceeding $139 million.

September 16, 2026

PV GAS and TotalEnergies Expand Collaboration on LNG and LPG Infrastructure

Vietnam's PV GAS and TotalEnergies Gas Power Activities have formalized their partnership by signing a Memorandum of Understanding (MOU) focused on LNG and LPG infrastructure and energy transition. This collaboration was established during discussions in September 2026 at the Vietnam-France Business Leaders Forum.

September 15, 2026

Deputy Prime Minister Inspects Power Projects in Can Tho

Deputy Prime Minister Pham Gia Tuc recently conducted a site inspection of the Long Phu 1, Song Hau 2, O Mon 3, and O Mon 4 power plant projects in Can Tho City.

September 14, 2026

EVN Flags Workforce and Financing Hurdles for Vietnam's First Nuclear Plant

State utility EVN says legal gaps, financing structure, and a roughly 2,000-person workforce shortfall are the top challenges facing the Ninh Thuan 1 nuclear project, targeted for 2030-2035 operation with technical support from Russia's Rosatom.

September 13, 2026

Gia Lai Approves 120 MW Expansion of Sesan 4 Hydropower Plant

Gia Lai province has approved an EVN-led expansion of the Sesan 4 hydropower plant, adding 120 MW of capacity at an estimated cost of roughly VND 3 trillion, with commercial operation targeted for mid-2030.

September 13, 2026

TotalEnergies, T&T Group Ink $1.54B LNG Power Deal for Southern Vietnam

T&T Energy Group and TotalEnergies have agreed to jointly develop the 1,500 MW "Long Son" LNG-fired power project in Ho Chi Minh City, with TotalEnergies handling financing and fuel supply.

September 13, 2026

Vietsovpetro Achieves First Oil from New RC12 Platform at Dragon Field

Vietnamese-Russian joint venture Vietsovpetro brought its new RC12 wellhead platform at the Dragon field, Cuu Long basin, online on September 11 -- delivered 86 days ahead of its original schedule.

September 13, 2026

Energy Storage

GG Power and Cornex Sign Strategic Cooperation on Battery Energy Storage

Vietnamese manufacturer GG Power and China's Cornex have agreed to jointly develop battery energy storage systems in Vietnam, aiming to build a Southeast Asian BESS manufacturing hub.

September 13, 2026