Vietnam’s new era of development and ambitious growth targets require that the oil and gas industry evolve from its role as a traditional growth pillar.
During a meeting with Party General Secretary To Lam in Hanoi on October 15, the group's President and CEO Eric Hambly says that it will accompany Vietnam in developing its oil and gas industry.
The process of transitioning from fossil fuel energy such as oil and gas to renewable energy forms like wind and solar is creating many challenges for the oil and gas industry. But the greatest challenge is attracting more FDI. The upcoming draft Law on Petroleum is expected to remove these difficulties, helping the oil and gas industry turn “risk” into “opportunity”.