The Vietnam Oil and Gas Group (PetroVietnam) reported total revenue of VND283.5 trillion (US$12.2 billion) in the first half of this year, contributing VND32 trillion to the State budget.
Industrial production was greatly affected by COVID-19 in the first half of 2020 but has gradually bounced back since May, according to the General Statistics Office (GSO).
The Index of Industrial Production (IIP) in the first nine months of 2018 grew 10.6% year-on-year, the highest growth since 2012.
The State-run Electricity of Vietnam (EVN) Group produced 74.42 billion kWh of electricity in the first five months of 2018, an increase of 10.5% from a year earlier.
The index of industrial production (IIP) in May was estimated to increase by 7.1% against the same month last year. The IIP in January-May rose 9.7% year-on-year.
Hanoi’s economy has expanded since the beginning of this year with steady growth recorded in all the key sectors of industry, trade, tourism and services and agriculture, reported the municipal People’s Committee.
The domestic coal sector is going through a tough time owing to serious competition from cheap imported coal, the Ministry of Industry and Trade (MoIT) has said.
Sharply decreasing Liquid Natural Gas (LNG) output and increasing prices of new gas resources are forcing Vietnam to look to increase LNG imports.
The Vietnam National Coal and Mineral Industries Group (Vinacomin) will start to import between 2 million and 3 million tonnes of coal in 2016.
Leaders of the Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) pledged to ensure sufficient coal for electricity production despite the disruption caused by flooding recently.
Vietnam’s index of industrial production (IIP) for January-October increased by 6.9% over the same period last year, fuelled by growth in almost areas, reported the Ministry of Industry and Trade at a televised conference in Hanoi on November 3.
Vietnam had invested US$19 billion in 890 projects in 63 countries and territories worldwide by July this year.
The Government has agreed to raise the cost of electricity from next month, the third March in a row the price has been adjusted in Viet Nam.