Politburo’s conclusion opens new development spaces for oil, gas industry

The Party Central Committee’s Economic Commission, the Ministry of Industry and Trade (MoIT), and the Vietnam Oil and Gas Group (Petrovietnam) have held a joint conference to popularise and implement Conclusion No. 76-KL/TW on carrying out the Politburo’s Resolution No. 41-NQ/TW on the strategic orientations to develop Vietnam’s oil and gas sector until 2025 with a vision to 2030 and a number of orientations for the new period.

Opening the event, head of the Party Central Committee’s Economic Commission and Deputy Prime Minister Tran Luu Quang highlighted the Party and State’s special attention to the oil and gas sector.

He noted that on April 24, 2024, the Politburo issued Conclusion No. 76-KL/TW on major policies to promote the potential and strengths of the country in general and the oil and gas sector in particular to ensure the industry overcomes all difficulties to develop sustainably.

The conclusion gives guidelines of special importance to the development of the Vietnamese oil and gas industry, creating new momentum and opening up new development space for the sector.

Deputy head of the Party Central Committee’s Economic Commission Nguyen Duc Hien briefed participants on the major contents of the conclusion, along with a number of orientations, tasks, and solutions for the implementation of Conclusion No. 76-KL/TW and Resolution No. 41-NQ/TW.

Hien said that in order to create favourable conditions for the oil and gas industry in the new period, it is necessary to continue completing institutions, policies and legal regulations, promoting the key role of the Petrovietnam.

Amid the energy transition and the Fourth Industrial Revolution, it is crucial to pay attention to developing appropriate technical infrastructure systems, especially digital infrastructure associated with digital transformation, building databases, and effectively using the Science and Technology Development Fund, he said.

A representative from the MoIT presented a plan to realise of Conclusion No. 76-KL/TW of the Politburo and Resolution No. 38/NQ-CP of the Government with a link to the implementation of Party resolutions, strategies and socio-economic development plans of the country, ministries, sectors, and localities.

Le Manh Hung, Chairman of the Board of Members of Petrovietnam, delivered a report on impacts from the world and regional environment, difficulties, challenges facing Petrovietnam as well as assessment of the firm’s resources.

With an aim to become a national industrial and energy group, Petrovietnam proposed seven main groups of tasks and solutions to effectively implement Conclusion No. 76-KL/TW and Resolution No. 38/NQ-CP.

Concluding the event, Quang highlighted the great contributions that the oil and gas sector has made to the country’s socio-economic development, and emphasised the role of the industry in the country’s industrialisation and modernisation.

He held that the oil and gas sector should focus on promoting its potential and advantages to develop renewable energy and new energy resources, ensuring sustainable and modern development of the industry associated with accelerating green transformation and digital transformation, and developing advanced and modern processing and manufacturing industries in the direction of improving self-reliance and increasing the localisation rate.

In addition, the sector should pay greater attention to developing high-quality human resources, attracting talents, and providing intensive training to meet international requirements and standards, he said.

Quang asked central and local Party Committees as well as the Party Organisations of State-owned energy enterprises to thoroughly study Resolution No. 41-NQ/TW, Conclusion No. 76-KL/TW of the Politburo, and Resolution No. 38/NQ-CP of the Government, while continuing to build programmes and plans to effectively implement these documents./.