The signing, held during General Secretary of the Communist Party of Viet Nam Central Committee and State President To Lam’s official visit to Japan, marked a further step in the strategic partnership between the two companies.
    |
 |
|
General Secretary of the Communist Party of Viet Nam Central Committee and State President To Lam and officials witness the exchange of cooperation documents at the Viet Nam-Japan Public-Private Forum on Economic, Science and Technology Cooperation in Tokyo on November 9, 2026. |
Under the MoU, the two sides will focus on ensuring and diversifying fuel supplies to improve their responsiveness to supply chain fluctuations. They will also explore cooperation opportunities in high-quality petroleum products, petrochemicals and new energy solutions.
In the event of unusual market fluctuations or potential supply disruptions, the two sides will coordinate measures such as seeking alternative supply sources and working together on logistics. Specific supply arrangements or transactions will be subject to separate agreements between the two parties.
Pham Van Thanh, Chairman of the Board of Management of Petrolimex, said the long-term strategic partnership with ENEOS remains a top priority for Petrolimex. The MoU will help both sides leverage their respective strengths, diversify supply sources, enhance their capacity to adapt to energy market fluctuations, and expand opportunities to develop high-quality petroleum products for Vietnamese consumers and businesses.
Petrolimex and ENEOS established their strategic partnership in 2016. Through ENEOS Viet Nam Co. Ltd, the Japanese corporation is currently a strategic shareholder of Petrolimex.
Over the years, the two companies have undertaken practical cooperation in corporate governance, technical expertise, continuous improvement (Kaizen), operational efficiency, and research into emissions reduction solutions.
The 2025–2027 technical cooperation program between Petrolimex and the Japan Cooperation Center for Petroleum and Sustainable Energy (JCCP), with the participation of ENEOS experts, continues to focus on improving environmental sustainability in petroleum distribution, reducing product losses and cutting greenhouse gas emissions. This cooperation provides a practical foundation for further strengthening the partnership in the coming period.
The Petrolimex–ENEOS partnership is aligned with the two countries' orientations to promote economic ties, energy cooperation and green transition.
Source: VNA