Sustainable development trend of Vietnam’s energy industry and orientations for sustainable development of Vietnam oil and gas group until 2030 with vision to 2045

Abstract

Energy plays an important role in the socio-economic development of countries in general and particularly in the context that Vietnam is a dynamic economy with a high growth rate. In order to achieve the goals of sustainable economic development, the Government of Vietnam is determined to implement and accelerate structural transformation of the energy sector towards a greener, cleaner and more efficient use of energy.

As a national oil and gas company making large contribution to the country’s socio-economic development and at the same time a pillar in ensuring the national energy security, in view of the direct impacts of the energy transition trend, the Vietnam Oil and Gas Group is responsible for joining hands with the Government to ensure energy security, reduce greenhouse gas emissions to protect the environment and adapt to climate change, thus contributing to successfully implementing the sustainable development strategy.