Công nghiệp nặng

Prime Minister Nguyen Xuan Phuc on February 14 cut the ribbon to inaugurate the Thai Binh Thermal Power Plant in the northern province’s Thai Thuy district.

2018 closed after 24 gasoline price adjustments. Currently, E5 Ron 92 and diesel 0.05S prices are kept at VND16,270/litre and VND 14,900/litre, respectively, in line with the world oil and gas price movements. Although global oil prices have tended to decline sharply in recent trading sessions, experts have predicted that domestic petroleum prices will continue to maintain stable momentum, with not much fluctuations in the near future.

The Ca Tam oilfield, offshore southern Vietnam, is expected to enrich state coffers with revenues of US$1 billion.

The Ministry of Industry and Trade sees supporting the manufacturing and processing industry as the key to boosting socio-economic development this year.

Politburo member and head of the Party Central Committee’s Economic Commission Nguyen Van Binh on January 25 stressed the need to complete institutions for the development of the oil and gas sector.

Renewable energy could become Vietnam’s lowest-cost option to meet its energy needs, according to a whitepaper released by global management consulting firm McKinsey & Company at a press conference held on January 23.

(VEN) - Exports of footwear, suitcases and bags reached an estimated US$19.5 billion in 2018, an increase of 10 percent compared to the previous year. With new favorable factors, the leather and footwear sector aims to achieve export turnover of US$21.5 billion in 2019, and create a breakthrough for the development of its support industry, contributing to deeper participation in global supply chains.

(VEN) - On November 9, 2016, the Tan Son Nhat Petrol Commercial Joint Stock Company (Tapetco) put an underground fuel hydrant system into operation at the Tan Son Nhat International Airport, affirming its position as a leading aviation fueling service provider in Vietnam. The company has contributed significantly to ensuring safety and reducing the overload situation for the airport, especially during the peak period of the 2019 Lunar New Year.

The Vietnam National Coal-Mineral Industries Holding Corp., Ltd. (Vinacomin) loaded its first tonnes of coal onto the Viet Thuan Sky ship at Cam Pha port in the northern province of Quang Ninh on February 5 (the first day of the Lunar New Year).

Vietnam’s industrial production index (IIP) in January expanded 7.9 percent year-on-year, much lower than the growth rate of 22.1 percent the same time last year, according to the General Statistics Office (GSO).

A meeting introducing the Institute of Electrical and Electronics Engineers (IEEE) - Power and Energy Society (PES) Generation Transmission and Distribution (GTD) Asia 2019 was held in Hanoi on January 24.

Là quốc gia có thế mạnh lớn về nông lâm thủy sản, song ngành công nghiệp trong nước phục vụ nông nghiệp lại đang "tụt hậu", không đáp ứng được tốc độ phát triển của ngành nông nghiệp. Bởi vậy, Việt Nam cần tập trung thúc đẩy cơ khí hóa nông nghiệp phát triển, làm tiền đề cho nông nghiệp "bay cao, bay xa".

BP Solar 1 solar power plant in the south central province of Ninh Thuan was inaugurated on January 20, becoming the first Vietnamese constructed project to get connected to the national grid so far.

Vietnam has been urged to reduce its use of coal-fired energy and develop renewable energy to proactively respond to climate change and ensure energy security, heard a panel discussion of the Vietnam Economic Forum 2019 in Hanoi on January 17.

Construction of a solar power plant worth over VND3.55 trillion (US$152.7 million) began in Duyen Hai township in the Mekong Delta province of Tra Vinh on January 19.

The Delegate of German Industry and Commerce in Vietnam (GIC/AHK Vietnam) held a conference in Ho Chi Minh City on January 15 to share Germany’s experience in using energy effectively and managing energy in industries.

(VEN) - Garment and textile is a key economic sector with great contribution to exports. Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS) talked about the garment and textile sector’s development prospects in an interview with Vietnam Economic News’ Minh Long.

The PetroVietnam Gas Corporation (PV Gas) will be a supplier of liquefied natural gas (LNG) for the Nhon Trach 3 and 4 power plants under a framework agreement between the firm with the PetroVietnam Power Corporation (PV Power). 

The Quang Ninh Electricity Company is carrying out the installation of solar panels for 15 households residing on Tran island, Thanh Lan commune, Co To Island district, the northern province of Quang Ninh. 

National Assembly Chairwoman Nguyen Thi Kim Ngan has asked the national oil and gas firm PVN to build on what it achieved last year and overcome the challenges ahead in order to fulfil the tasks assigned to the group.

Vietnam needs to create an enabling environment for private players to drive the next wave of energy investments, the World Bank said.

The Vietnam National Petroleum Group (Petrolimex) must play a key role in supplying petroleum for socio-economic development, while enhancing the petrol quality and improving its competitiveness, said Deputy Prime Minister Trinh Dinh Dung.

Vietnam’s oil industry needs to overcome four big challenges to maintain its position as a leading economic sector.

(VEN) - Phan Thi Thanh Xuan, Secretary General of the Vietnam Leather, Footwear and Handbag Association, told Vietnam Economic News’ Viet Nga that the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to create positive changes in the growth quality of the domestic leather and footwear sector when it takes effect in 2019.