Prime Minister Pham Minh Chinh agreed with Excelerate Energy's proposal to position Vietnam as a regional LNG distribution hub, while encouraging the firm to further explore opportunities to expand and deepen cooperation with Vietnamese partners.

The Vietnamese Government has reduced the preferential import tariff on liquefied natural gas (LNG) from 5% to 2% under Decree No. 73/2025/ND-CP, issued on March 31.

Experts stressed that a comprehensive, synchronised policy framework is needed to cover all LNG activities — from investment and infrastructure to pricing and regulation.

The Ministry of Industry and Trade warns of slow LNG project rollout and holds back on major renewable proposals.