Petrol imports this year should be sharply reduced as the Nghi Son Refinery comes into operation and the output of Dung Quat Refinery meets most of the local demand, said Deputy Minister of Industry and Trade Do Thang Hai.
Prime Minister Nguyen Xuan Phuc asked accountability to be enhanced in the restructuring and divestment of State-owned enterprises (SOEs) to improve the efficiency of the process.
The Binh Son Refining and PetroChemical JSC (BSR) completed several tasks for the year on November 23, 38 days earlier than planned.
The Vietnam National Oil and Gas Group (PetroVietnam) has surpassed its key financial targets for this year, thanks to the rise in petrol prices in October.
Dung Quat Bio-Ethanol Fuel factory invested by PetroVietnam Central Biofuels JSC (BSR-BF) will resume operations in mid-October, contributing to increasing E5 fuel supply and decreasing retail prices.
The growth of liquefied petroleum gas (LPG) consumption is forecast to slow down as LPG prices have tended to increase in 2018, according to the Vietnam Gas Association (VGA).
The central city of Da Nang has granted an investment licence to the first ready-built factories for rent project at the city’s Hi-Tech Park with the aim of attracting more investors to the park.
Hoa Phat Group has announced that it churned out 179,400 tonnes of construction steel in August, 9,500 tonnes of which were for export.
Vietnam is forecast to run the risk of electricity shortage during 2020-2030, heard the annual Vietnam Energy Forum held by the Ministry of Industry and Trade in Hanoi on August 9.
Intensifying technological application to increase energy efficiency is one of the important solutions to challenges facing the domestic energy sector, heard a forum in Hanoi on July 31.
Doosan Heavy Industries Vietnam Co.’s (Doosan Vina) first batch of seawater desalination equipment left Dung Quat port for Saudi Arabia on July 19.
The excavation of an ancient shipwreck discovered in Binh Son district, in the central coastal province of Quang Ngai, began on July 9.
The total value of foreign and domestic investments in industrial and economic zones nationwide fell slightly in the first half of 2018.
The Vietnam-Singapore Industrial Park (VSIP) in the central province of Quang Ngai has attracted 17 projects worth a total US$383 million since it commenced construction in 2013.
Nghi Son Refinery and Petrochemicals LLC (NSRP) in the central province of Thanh Hoa introduced the first batch of petrol A95 on May 8, the third commercial product produced by the plant, following gasoline RON 92 and Benzen.
The Dung Quat Oil Refinery (BSR) in the central province of Quang Ngai, the first oil refinery in the country, has been recognised among the top ten eco-friendly factories in Vietnam this year.
The Hoa Phat Group is scheduled to ship 6,500 tonnes of steel to Australia in May, the highest-ever export volume to the market in a month.
The process of the Hoa Phat Dung Quat iron and steel production complex project is on schedule with the first line expected to be operational in the third quarter of this year, meeting demands of the central and southern regions.
Hoa Phat Group (HPG) said it hopes to earn more than VND100 trillion (US$4.4 billion) in revenue by 2020, the year the Hoa Phat Dung Quat iron and steel production complex is expected to become fully operational.
Foreign investors have adjusted their reported changes in ownership as well as schedules for commercial operation in Long Son Petrochemical (LSP) and Nghi Son Refinery and Petrochemical (NSRP).
