Vietnam and the United States have embarked upon an ambitious green hydrogen collaborative strategy to revolutionize Vietnam's energy sector. The Memorandum of Understanding signed between the United States Agency for International Development and Standard Chartered Bank Vietnam aims to support Vietnam in transitioning towards a hydrogen-centric renewable energy model. By producing large quantities of hydrogen annually through electrolysis and focusing on 'green hydrogen,' Vietnam aims to position itself as a leader in the hydrogen industry. The country's strategic location makes it ideal for harnessing tidal, solar, and wind energy, with pilot projects already underway in partnership with companies like Honeywell. The move towards hydrogen is not only aimed at decarbonizing but also at boosting the country's energy sector and potentially attracting manufacturing from China. Despite being a latecomer in the hydrogen space compared to countries like the U.S. and Japan, Vietnam's bold vision for a hydrogen revolution comes with risks and uncertainties, as it navigates uncharted territory in the energy industry.