Oil was discovered in Vietnam in the late 1970s, with significant reserves identified in the offshore fields of the Cuu Long Basin.

This discovery marked a pivotal moment for the nation, transforming its economy and energy landscape.

The establishment of the Vietnam Oil and Gas Group (PetroVietnam) in 1977 spearheaded the development of the oil sector, attracting foreign investment and expertise.

Today, oil and gas contribute significantly to Vietnam's GDP, providing energy security and stimulating industrial growth.

The sector has not only bolstered economic stability but also positioned Vietnam as a key player in Southeast Asia's energy market. - https://vietnamfocusguide.com/blog/oil-discovery-in-vietnam/?unique_id_esobb2n9

The Transformative Discovery of Oil in Vietnam: Driving Economic and Energy Transformation