Vietnam’s offshore oil and gas sector, led by PetroVietnam and its subsidiaries, showed strong performance in 2024, with significant profits being reinvested for future expansion, including a $2 billion investment plan. Offshore wind energy presents a promising avenue for sustainable growth, aiming for 6,000 MW by 2030 and up to 91,500 MW by 2050, though it faces challenges like regulatory frameworks and high costs. The synergy between mature oil/gas and emerging wind sectors offers a dual investment opportunity crucial for energy transition.