State giant to stick with fossil fuels as it leans into the renewables sector

20261104 PetroVietnam

Petrovietnam intends to parlay its decades of offshore drilling experience into offshore wind farm development, a somewhat “similar” endeavor, President and CEO Le Manh Cuong says. © Petrovietnam

LIEN HOANG

November 4, 2026 12:57 JST

HO CHI MINH CITY — Petrovietnam President and CEO Le Manh Cuong called wind and nuclear power the company’s future after the Middle East war briefly left it “with no single drop” of fossil fuel.