Petrolimex and ADB

The Vietnam National Petroleum Group (Petrolimex) has signed a memorandum of understanding (MoU) with the Asian Development Bank (ADB) to promote energy transition in Vietnam.  Under the agreement, ADB will help Petrolimex assess its investment portfolio and develop cleaner energy strategies. This partnership aligns with Vietnam’s low-carbon goals and ADB’s 2023-26 strategy focused on governance, green economy transition, and private sector growth. Petrolimex, which controls 50% of Vietnam’s fuel market and operates over 5,000 fuel…