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In response to the 'double impact' caused by the Covid-19 epidemic and the sharp decline in oil prices, the Vietnam Oil and Gas Group (PVN) has proactively made the plans to adjust the Program of the action and budget of oil and gas  projects in 2020 corresponding with the oil price scenarios to timely cope with complicated market development.

Politburo member and head of the Party Central Committee’s Economic Commission Nguyen Van Binh on January 25 stressed the need to complete institutions for the development of the oil and gas sector.

The oil and gas industry meets about 40 percent of Vietnam’s primary energy demand and plays a crucial role in the country’s national energy security. However, the sector is facing difficulties due to regulations and policies that no longer satisfy its actual development demands.

On October 17, 2018, in Government Office, Vice Prime Minister Trinh Dinh Dung received Mr. Naser Al Hajri- Deputy general manager of Mubadala Petroleum Group (MP) from United Arabia Emirates (UAE) in charge of affairs in Southeast Asia. At the meeting, Mr. Naser Al Hajri expressed MP desire to develop the small oil and gas and renewable energy projects in Vietnam.

At the meeting with Mr. Do Thang Hai, Vice Minister of Industry and Trade, Mr. Ajay Shah, Vice President of Royal Dutch Shell expressed the desire to strengthen cooperation with Vietnamese enterprises in oil and gas field and presented several potential opportunities for cooperation with PetroVietnam.

In the framework of the official visit of the Russian Federation, on September 6, at the Botraroov Rutrei Edifice, Sochi city, General Secretary Nguyen Phu Trong and President Vladimir Putin witnessed a ceremony for signing many cooperation documents between the two countries.

Information from PVN showed that in 11 months of 2016, PVN completed investment and put into operation the RC -9 (9-lot) project at 6/6/2016 ahead by schedule by a month and 9 days, Tam Dao 5 self-lifting drilling rig at 12/8/2016, and successfully launched the topside of BK Thien Ung gas  exploiting rig at 12/9/2016. Besides, the group also finished installation of generator of the second  unit of Thai Binh 2 thermal power plant at 12/4/2016.

Minister of Industry and Trade Vu Huy Hoang signed a Decision to appoint the General Director of Vietnam Oil and Gas Group

On June 17, Honeywell marked 100 years of innovation and leadership in the aerospace and oil and gas industries as Honeywell Chairman and CEO Dave Cote led other company executives in ringing the closing bell at the New York Stock Exchange. The bell ringing recognized the centennials of Honeywell Aerospace, a pioneer in aviation, and Honeywell’s UOP, which created the basis for the modern refining industry.

At the invitation of Kuwait Petroleum Corporation (KPC) CEO, Vice President Le Manh Hung and the delegation of Vietnam National Oil and Gas Group attended "3rd Kuwait Oil & Gas Strategic Summit" from 13th to 14th April 2014.

During the official visit of Prime Minister Nguyen Tan Dung to Cuba recently, the mission groupe of Petrovietnam (PVN) included in accompanied team of Vietnamese enterprieses   had a working meeting with Cuba's State Oil Company (Cupet).

The Vietnam Oil and Gas Group (PVN) informed that Mr. Le Manh Hung - General Director has just chaired a meeting about the status of implementing ‘value chains’ in Vietnam Oil and Gas industry. At this meeting, PVN and its member units assessed the status of implementing recent ‘value chains’ and discussed and unified forward achieving goals.

In Ho Chi Minh city, Vietnam, October 4th, 2016,  26 young, high potential oil & gas professionals from PetroVietnam have been given a unique opportunity to further develop their skills through the GE Oil & Gas first-ever localized management and technical skills course in Vietnam.

The Government has just issued Decree No. 95/2015 / ND-CP on detailing a number of articles of the Oil and Gas Law.

The signing ceremony on EPCI contract for gathering gas of Dai Hung oil project signing between PVEP-POC and Vietsopetro took place in Ho Chi Minh City.