Tokyo, Nov. 10 -- The Vietnam National Petroleum Group (Petrolimex) and Japan's ENEOS Corporation signed a memorandum of understanding (MoU) in Tokyo on November 9 to strengthen fuel supply security and develop high-quality and sustainable energy products for the Vietnamese market.

The signing, held during General Secretary of the Communist Party of Vietnam Central Committee and President To Lam's official visit to Japan, marked a further step in the strategic partnership between the two companies.

Under the MoU, the two sides will focus on ensuring and diversifying fuel supplies to improve their responsiveness to supply chain fluctuations. They will also explore cooperation opportunities in high-quality petroleum products, petrochemica...