On September 11, at a meeting with the Vietnam National Oil and Gas Group (PetroVietnam), Prime Minister Pham Minh Chinh noted a number of important tasks for the Group, the most important being to ensure there are no energy shortages. The Group currently meets 75 per cent of domestic petroleum demand. The Prime Minister also suggested that it promote international cooperation.
The Vietnam Oil and Gas Group (PetroVietnam) has proposed that the government invest in a refinery and petrochemical complex and a national reserve of crude oil and petroleum products at the Long Son Petroleum Industrial Park in southern Ba Ria-Vung Tau province with total investment of $17-18.5 billion. Completion is expected in 2027.