Ho Chi Minh City expands energy industrial zones for green supply chains
The strong rise of the oil and gas sector prompts urgent calls for statistical transparency, deeply intertwining the industry’s massive investments with HCMC’s sustainable green growth trajectory.
Ho Chi Minh City is expanding its energy and industrial zones to support green supply chains. The city's developmental footprint has been heavily influenced by the oil and gas industry, with Petrovietnam being the primary contributor. The municipal territory currently houses 19 core Petrovietnam units, which operate 19 out of 20 domestic oil fields and 14 out of 16 gas blocks.
Petrovietnam's operations generate significant revenue for the city, accounting for 13 percent of total revenues in the first nine months of 2026 alone. The sector is projected to experience a 56-percent surge in investment capital between 2025 and 2026. Despite the industry's growth, oil and gas exploitation has been excluded from the GRDP growth calculation, leading to a call for statistical transparency.
Petrovietnam's presence in Ho Chi Minh City has led to the creation of thousands of green jobs, primarily in smart cities, pristine energy, green supply chains, marine technical services, and innovation. The city aims to leverage Petrovietnam's strategic investments to achieve sustainable growth targets in these areas.
Written by urgent.news from SGGP English Edition Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
