#Energy Security
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The Vietnamese leader reaffirmed Viet Nam’s commitment to achieving net-zero emissions by 2050, identifying renewable energy development and green transition as strategic priorities. He proposed three key directions for cooperation to deal with energy risks and ensure supply chains.
The PM pushed for stronger collaboration through accelerating negotiations on a free trade agreement between Viet Nam and the Gulf Cooperation Council, enhanced business connectivity between the two countries, as well as tighter coordination on energy security to tackle current challenges and ensure stable production and daily life.
Importers brought in approximately 3.2 million cubic metres of fuel in March. Combined with current inventories of around 1.6–1.8 million cubic metres, this volume is expected to fully meet domestic demand until the end of April.
Ministries, agencies and local authorities were urged to stick firmly to the growth target of at least 10% while maintaining macroeconomic stability, keeping inflation under control and ensuring major economic balances to build momentum for the rest of 2026.
Emphasising that the double-digit growth target remains unchanged, the PM called on participants to work out measures for renewing traditional growth drivers, promoting new ones, properly governing monetary and fiscal policies, stepping up public investment, and diversifying markets, products, and export supply chains.
Viet Nam has been stepping up diplomatic efforts to help ensure energy security amid growing global uncertainty, Spokesperson of the Ministry of Foreign Affairs Pham Thu Hang said at the ministry's regular press briefing on April 2.
Prime Minister Pham Minh Chinh received Choi Young Sam, Ambassador of the Republic of Korea (RoK) to Viet Nam, in Ha Noi on April 1 to discuss measures to promote the Comprehensive Strategic Partnership and cooperation on energy security between the two countries.
Recent geopolitical developments, particularly the Russia–Ukraine conflict and the Israel–US–Iran confrontation, have clearly demonstrated the trend of “weaponising energy”, where oil and gas supplies are influenced not only by market rules but also by power calculations and regional disputes.
Senior Coordinator at Indonesia’s Institute for Defence and Strategic Studies (LESPERSSI) Beni Sukadis has detailed how Jakarta is responding to energy supply shocks amid geopolitical tensions in the Middle East, and offered policy suggestions to Viet Nam during an interview recently granted to the Viet Nam News Agency.
With the outcomes achieved and strong implementation efforts by both sides, the Viet Nam – Russia Comprehensive Strategic Partnership is expected to grow further, contributing to socio-economic development in each country as well as to peace, friendship and cooperation in the region and the world.
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 Ha Noi on March 17 with the task force for energy security.
Prime Minister Pham Minh Chinh on March 17 received Japanese Ambassador to Viet Nam Ito Naoki, calling on Japan to support Viet Nam in ensuring energy security amid disruptions to global oil supply chains caused by tensions in the Middle East.
Prime Minister Pham Minh Chinh received Ambassador of Thailand to Viet Nam Urawadee Sriphiromya in Ha Noi on March 13 to discuss measures for promoting the two countries' Comprehensive Strategic Partnership as well as cooperation in ensuring energy security for both sides.
The Vietnamese Government has issued Resolution No. 36/NQ-CP outlining urgent measures to safeguard national energy security and prevent fuel disruption amid escalating Middle East tensions.
Spokesperson of the Ministry of Foreign Affairs Pham Thu Hang highlighted measures taken by Vietnamese ministries and agencies to ensure trade, economic activities and energy security amid the escalating tensions in the Middle East, at the ministry's regular press briefing on March 5.
The transition towards green energy use is a critical solution to ensure national energy security as traditional power sources face gradual depletion. Furthermore, renewable energy generates significant economic value, assists in reducing greenhouse gas emissions, and supports the nation’s journey towards its Net Zero goals.
During the 2021–2025 period, under the National Programme on Economical and Efficient Use of Energy, Ha Noi saved 705.7 kTOE (kilotonnes of oil equivalent), surpassing the assigned target.
