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The monopoly of state-owned businesses in the energy (electricity, gas, petroleum and coal) market and the fact that this market is yet to operate in accordance with market competition principles have created barriers hindering the development of the Vietnamese energy sector.

By this February, 5 years has gone since Dung Quat oil refinery plant produced its first commercial product in February 2009. Prime Minister Nguyen Tan Dung previously assessed that Dung Quat oil refinery plant’s putting into operation had importance in terms of political and economic – social aspects, defense and security in the process of industrialization and modernization of the country, contributed to ensuring national energy security; confirmed that the selection of location and construction of the plant was the right investment decision of the Party and the State...

The Prime Minister ratifying Decision No. 1855/QĐ-TTg, dated December 27th, 2007 on Vietnam National Energy Development Strategy up to 2020 and vision to 2050, with the following contents:

This morning (15th January) in Hanoi, Vietnam National Oil and Gas Group (PVN) held a Conference regarding Summary of 2013 Activities and Implementation of 2014 Plan. The Conference was attended and directed by Mr. Nguyen Tan Dung, member of the Politburo and Prime Minister.