Industry

Expanding the use of biofuels is creating more room to green the energy sector, diversify energy supplies and advance the sustainable restructuring of the Industry and Trade sector.

On September 24, in Germany, Deputy Minister of Industry and Trade Truong Thanh Hoai held bilateral meetings with partners on wind power.

Deputy Minister Truong Thanh Hoai visited Siemens Energy’s nacelle plant in Germany, discussing technology transfer and opportunities for cooperation in wind power.

ASEAN and partners strengthen cooperation in energy security, supply chains, digital economy, green transition and sustainable development amid global uncertainties.

Against the backdrop of General Secretary and State President To Lam’s historic state visit to Canada, industrial cooperation between the two countries is emerging as an area with significant potential for growth.

Deputy Minister of Industry and Trade Nguyen Viet Son said amendments to the Electricity Law would create conditions for power source and grid development and simplify procedures.

At the 16th APEC Energy Ministerial Meeting (the 16th APEC Energy Ministerial Meeting) in Beijing, China, Viet Nam underscored the need to ensure energy security in tandem with the green transition, while proposing stronger cooperation in technology, investment, infrastructure and human resources to create synergy across the region.

Industrial promotion is not only providing resources for production establishments but is gradually becoming a tool to encourage technological innovation, improve competitiveness and create new momentum for rural industrial development in the new development space of Da Nang City.

On September 10, at a press conference announcing the President’s orders on 15 laws, Deputy Minister Nguyen Viet Son highlighted the core new points of the amended Petroleum Law.

Deputy Minister Truong Thanh Hoai urged Vinh Long to remove infrastructure and energy bottlenecks, attract investment and drive double-digit growth.

Industrial production continued to post strong growth in August, with the Index of Industrial Production (IIP) rising 14.4% year on year. In the first eight months of 2026, the IIP increased 11.9%, marking the highest eight-month growth rate in many years.

Funding for industrial promotion in the Central and Central Highlands regions in 2026 has increased by more than 21% compared with the previous year's plan, reflecting growing attention to the development of rural industries.

After 30 years of development, Viet Nam’s garment and textile industry has become a key export sector and is now shifting toward deeper growth driven by productivity, technology and higher value added.

On the morning of August 27, 2026, as part of his working visit to Seoul, the Republic of Korea, Minister of Industry and Trade Le Manh Hung visited and held a working session at the Guri diesel reserve facility managed by the Korea National Oil Corporation (KNOC).

Ensuring a safe and stable power supply is a fundamental prerequisite for realizing Vietnam's double-digit economic growth target in the new development phase.

Carbon capture, utilisation and storage (CCUS) is emerging as a multibillion-dollar industry worldwide. The amended Petroleum Law, recently passed by Viet Nam’s National Assembly, has opened a legal framework for the country to enter this field.

NSMO is proactively preparing operating plans, strengthening on-call arrangements and coordinating with relevant units to ensure the national power system operates safely and reliably during Viet Nam’s National Day holiday from August 29 to September 2, 2026.

The Electricity Authority of Viet Nam (EAV), under the Ministry of Industry and Trade, and the Global Energy Alliance for People and Planet have recently signed a Memorandum of Understanding (MoU) to strengthen cooperation in supporting Vietnam’s energy transition.

Bringing supporting industries within the scope of the Key Industries Law is expected to establish a unified legal framework, expand development opportunities for businesses, and enhance domestic localization capacity.

The State encourages Vietnamese and foreign organisations and individuals to invest in basic oil and gas surveys and oil and gas activities in Viet Nam.

The MoIT consulted stakeholders on a proposed energy efficiency fund aimed at mobilizing finance, supporting businesses and accelerating energy-saving investments.

On August 14, in Da Nang city, the Agency for Innovation, Green Transition and Industry Promotion (IGIP) under the Ministry of Industry and Trade organized the National Conference on Economical and Efficient Use of Energy 2026.

Deputy Minister Nguyen Sinh Nhat Tan affirmed that the MoIT will work closely with businesses to remove obstacles and mobilize resources for energy projects.

Viet Nam’s manufacturing industry must move beyond processing and assembly, master technology, raise localization and generate higher value across production chains.

KCN Vietnam has broken ground on its 21.9-hectare Song Than 3 project in Ho Chi Minh City, adding over 130,000 sqm of LEED-standard industrial space to the market.

MoIT leader Le Manh Hung clarified major issues in the revised Petroleum Law, including decentralisation, investment incentives, CCS and offshore energy development.

The Netherlands offers strong opportunities for Vietnamese firms to enter manufacturing supply chains, but meeting strict market standards remains a major challenge.

As Vietnam advances its energy transition, battery energy storage systems (BESS) are emerging as a key solution for enhancing grid flexibility, increasing the integration of renewable energy and strengthening energy security. 

New policies, regulatory mechanisms and the accelerating energy transition are creating new business opportunities for the battery energy storage market in Viet Nam.

Smart manufacturing opens new opportunities for Viet Nam’s supporting industries, advancing green and digital transformation and boosting firms’ competitiveness.