Hanoi, May 1 -- 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. The move marks a key step in accelerating the country's shift from fossil fuels to cleaner energy.

Boost for LNG investors

Nguyen Quoc Thap, Chairman of the Vietnam Petroleum Association, said the lower tariff would provide strong incentives for investors in the LNG value chain, from importers like PV GAS to power producers such as PV Power and end users.

The decision also signals the Government's intent to refine energy policy by balancing the interests of the State, investors, and consumers. A more investor-friendly framework is expected to encourage deve...