The State will not pump more money into 12 loss-making mega-projects under the management of the Ministry of Industry and Trade (MoIT), Deputy Prime Minister Truong Hoa Binh said at a recent meeting with high-ranking officials in Hanoi.
The outstanding loans of 12 inefficient projects under the Ministry of Industry and Trade totalled nearly VND21 trillion (US$892.7 million) as of the end of 2019, most were overdue, according to the Government’s report to the National Assembly.
The Vietnam Oil and Gas Group (Petrovietnam) is striving to achieve the “dual goal” in the context of “dual crisis” from the COVID-19 pandemic and the plunge in oil price.
VOV.VN - Amid the gloomy global market, the domestic steel market suffered a downward trend during January in terms of both steel production and sales, with respective figures of 22.3 per cent and 31 per cent over the same period last year.
The Vietnamese steel industry is expected to face difficulties this year due to an increase in production capacity, falling demand and protectionist measures by countries to reduce imports, according to experts.
The Ministry of Finance has postponed its plan of increasing the most-favoured nation (MFN) tariff on imported hot rolled steel coil (HRC) from zero percent to 5 percent after collecting opinions from businesses and experts.
Deputy Prime Minister Vuong Dinh Hue agrees 12 loss-making State-funded enterprises may bring their conflicts with contractors to arbitrators if those conflicts are not resolved by the end of this year.
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.