#energy
The agreement reached by the US and Iran to end their conflict and reopen the Strait of Hormuz has been welcomed by advocates of peace, raising hopes of easing the global energy crisis. However, analysts caution that the disruption caused to oil and gas production, transportation and exports will take considerable time to fully reverse.
The military conflict in the Middle East has triggered an unprecedented energy shock with far-reaching consequences across the globe. At the same time, it has created momentum for countries to build resilient energy defence lines for their economies. Securing energy self-sufficiency is being prioritised by an increasing number of nations as a key factor in ensuring economic stability and national security.
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.
The direct military confrontation between the US, Israel, and Iran is pushing global energy markets towards their most severe shock in decades.
With a diverse and large-scale power generation ecosystem, abundant renewable energy potential, strong determination, a long-term vision, and the support of ministries and central agencies, Lam Dong Province possesses the conditions needed to realise its aspiration of becoming one of the country’s leading energy hubs.
A forum on implementing mechanisms and policies for national energy development in the 2026–2030 period was held by Industry and Trade Newspaper on January 29, attracting wide attention from experts, leaders of ministries and sectors, and media organisations.
A forum connecting Vietnamese gas enterprises with the international energy supply chain was held in Ha Noi on January 14, bringing together speakers, scientists, and relevant businesses.
Viet Nam has a real opportunity to achieve rapid growth through 2045, provided it fundamentally changes the way value is created and ensures a sufficiently strong and reliable energy foundation, said Eric Van Vaerenbergh, an energy expert and lecturer at the Brussels Engineering School (ECAM).
Deputy Prime Minister Bui Thanh Son has commended Phongsupthavy Group as one of Laos’ leading investors supplying electricity to Viet Nam, noting its pledge to ramp up power exports and actively contribute to the implementation of energy cooperation agreements endorsed by senior leaders of the two Parties and States.
The year 2025 marks the midpoint in the implementation of the National Programme on Economical and Efficient Use of Energy for the 2019–2030 period (VNEEP 3). The Government’s goal is that, by 2030, relevant agencies will implement decisive measures to save 7–10% of the country’s total energy consumption.
Prime Minister Pham Minh Chinh on October 22 called for accelerating the development of nuclear power projects, stressing that all negotiations must be conducted on the basis of harmonised interests and shared risks between Viet Nam and its international partners.
The Ministry of Industry and Trade coordinated with the Viet Nam Energy Conservation and Efficiency Association (VECEA) to launch the Energy Efficiency Awards in Industry and Construction in 2025 along with the Highest Energy Efficiency Product Awards 2025.
The Ministry of Industry and Trade (MoIT), in collaboration with the Ministry of Finance and the Korea International Cooperation Agency (KOICA), held a workshop to review the project on promoting the energy-saving and efficiency investment market under Viet Nam’s green growth action plan in Ha Noi on September 25.
The World Bank has allocated 2.5 billion USD, while the Asian Development Bank has set aside 10 billion USD to support green projects in ASEAN, said Malaysian Deputy Prime Minister Datuk Seri Fadillah Yusof.
Recent high temperatures coinciding with students’ summer break have increased power demand, causing many to worry about high electricity bills. In this context, authorities recommended that consumers use energy efficiently, change their power use habits and switch to devices with high energy efficiency.
The rapid rise of artificial intelligence (AI) has brought about remarkable technological advances, reshaping the world in unprecedented ways. However, scientists are raising concerns that this booming industry consumes an enormous amount of electricity, potentially becoming a key driver of global energy resource depletion.
Minister of Industry and Trade Nguyen Hong Dien chaired a conference in Ha Noi on June 25 to review the first 6 months of the year and deploy tasks for the last 6 months of 2025 on the supply of petroleum to the domestic market.
