Vietnam National Industry - Energy Group (PETROVIETNAM) has officially launched the Vietnam Bid Round (VBR) 2025, inviting qualified companies to participate in bidding for oil and gas exploration and production in offshore Vietnam. The initiative is introduced in alignment with Vietnam’s Law on Petroleum, which offers preferential policies aimed at attracting investment in the sector.

The VBR 2025 covers open blocks located offshore Vietnam, including Block 17 in the Cuu Long Basin, and Blocks 10/11 and 10&11-1 in the Nam Con Son Basin.

Interested companies may begin the data review and registration process from 9:00 a.m. on April 15, 2025, until 4:00 p.m. on May 30, 2025, during regular working hours. The issuance of bidding documents will take place between 9:00 a.m. on June 2, 2025, and 12:00 p.m. on June 20, 2025. All bid submissions must be received by 4:00 p.m. on August 1, 2025 (Hanoi time). The bidding process will follow an open tender method.

To participate in the bid, interested parties are requested to submit an Expression of Interest (EOI) to PETROVIETNAM at 18 Lang Ha, Ba Dinh District, Hanoi, Vietnam. Attention should be directed to Dr. Trinh Xuan Cuong, General Manager of the Exploration Division. Inquiries can be sent via email to cuongtx@pvn.vn or by telephone at +84 24 3825 2526 (extension 6601). Fax correspondence may be sent to +84 24 3826 5942.

Upon receiving the Expression of Interest, PETROVIETNAM will provide the necessary documentation and further guidelines for participation. The Group looks forward to engaging with industry partners and facilitating new opportunities in Vietnam’s energy sector.