“Vietnam–Russia Energy Cooperation: A Lever Built on a Strong Oil and Gas Foundation” underscores that the energy partnership between Vietnam and the Russian Federation is not merely an economic activity, but a strategic pillar in bilateral relations. This is particularly significant in the context of Prime Minister Phạm Minh Chính’s official visit to Russia from March 22–25, 2026, aimed at advancing comprehensive cooperation between the two nations.
In terms of energy security, cooperation with Russia plays a vital role in maintaining and increasing Vietnam’s domestic oil and gas output, continuing the development of offshore fields, and applying advanced extraction technologies in geologically challenging conditions. This collaboration helps reduce Vietnam’s dependence on imported energy and strengthens national energy autonomy. Vietsovpetro stands out as an exemplary and long-standing cooperation model, serving as a “training ground” for the Vietnamese oil and gas industry. Through this joint venture, Vietnam developed offshore exploration and production capabilities from almost zero, eventually mastering the operation of major oil and gas fields such as Bach Ho and Rong,..
Beyond traditional areas, the article highlights significant opportunities for Vietnam and Russia to expand cooperation in natural gas, LNG, and gas-fired power. Russia’s abundant gas resources and extensive LNG development experience could form a strong foundation for long-term gas projects and new energy infrastructure in Vietnam.
In the context of a rapidly evolving and volatile global energy market, cooperation with Russia also helps Vietnam diversify its energy partners, strengthen strategic autonomy, mitigate external risks, and reinforce economic security.
Finally, expanding collaboration into new energy sectors—such as nuclear power, green hydrogen, and energy storage technologies is viewed as the next step in elevating long-term bilateral energy cooperation. A flexible and market-aligned mechanism, while considering geopolitical factors, will be essential to unlocking the full potential of these emerging sectors.
Cre: Hợp tác năng lượng Việt Nam – Liên bang Nga: ‘Đòn bẩy’ từ nền tảng dầu khí
EN 
VI