Andrea Fais, Editor-in-Chief of Scenari Internazionali magazine based in Perugia, Italy, has praised Vietnam’s energy security strategy, highlighting its shift from a supply-focused mindset toward a proactive, diversified and sustainable model.

Operating the petrol supply system at PV Oil Nha Be (Ho Chi Minh City), a subsidiary of Petrovietnam Oil Corporation.

He noted that Vietnam is promoting renewable energy, improving efficiency, and developing a competitive and transparent energy market to support rapid growth and deeper global integration.

Like other Asia-Pacific economies, Vietnam is closely monitoring developments in the Gulf region. Despite possessing considerable oil and gas reserves, rapid industrialisation has made the country a net importer of both gas and oil.

Fais noted that Vietnam’s goal of becoming a high-income economy by 2045 will require sustained per capita GDP growth of around 6% annually over the next two decades, driven by higher productivity and a transition towards innovation-based and sustainable development models, alongside energy and ecological transformation.

Vietnam’s Environmental Industry Development Programme for 2025–2030 outlines measures supporting wastewater and emissions treatment, solid and hazardous waste management, and environmental monitoring systems.

In the long term, optimising the energy mix through efficient national distribution infrastructure will be crucial.

While reducing external dependency risks remains important, Fais stressed that no country can achieve complete energy independence in an interconnected world.

Regional initiatives such as the ASEAN Power Grid and the ASEAN Plan of Action for Energy Cooperation 2026–2030 will therefore play an important role in enhancing supply resilience and accelerating energy transition.

The scholar also shared Italy’s experience in responding to energy shocks while maintaining long-term strategies, noting the country’s measures to control domestic fuel prices and international cooperation efforts to strengthen energy ties with partners.

Global crises, especially in Eastern Europe and the Middle East, he said, have prompted Italy to reassess its long-term energy security strategy.

With installed renewable capacity reaching about 83.5 GW, renewables accounted for 41% of Italy’s electricity demand in 2025, according to grid operator Terna, though fossil fuels continue to play an essential role.

Fais noted that economic globalisation has deepened interdependence in energy markets, requiring more pragtical and proactive diplomatic approaches from Europe in addressing international crises.

Vietnam cuts fuel taxes to zero till April 15 to stabilise energy market

The cuts are expected to ease the burden on households and help firms sustain production and trade, even as it trims state budget revenue by an average of about 7.2 trillion VND (276.9 million USD) per month.

 

Vietnam diversifies supply sources to meet domestic fuel demand

Since the Middle East conflict disrupted crude and refined fuel supply chains, Petrovietnam has swiftly activated a range of response measures while moving decisively to implement the Government’s Resolution 36/NQ-CP dated March 6, 2026 to secure energy supply for the market.

 

PM gives green light to advance from state budget for fuel price stabilisation fund

PM Chinh stressed that the top priority is to ensure no shortages of energy or fuel in any circumstances; minimise negative impacts from the energy crisis on macroeconomic management; and prevent disruptions to supply chains, production, business activities, and people’s consumption.

 

Vietnam steps up semiconductor development to fuel growth

Amid rapid advances in artificial intelligence and digital technologies, global demand for semiconductors is soaring, creating both opportunities and competition pressure.

 

E5 RON92 biofuel price falls in latest adjustment

Since the beginning of this year, domestic fuel prices have undergone 14 adjustments, including five decreases and nine increases for RON95 and six declines and eight hikes for E5 RON92. Meanwhile, diesel price has fallen three times and risen 11 times.

 

Price stabilisation fund used, retail fuel prices continue to rise in latest adjustment

Funds from the Fuel Price Stabilisation Fund are disbursed at the following levels: 4,000 VND (0.15 USD) per litre for both bio petrol and lead-free petrol; 5,000 VND per litre for diesel; 4,000 VND per litre for kerosene; and 4,000 VND per kilogram for mazut.