Công nghiệp nặng

There is not enough ground to say that the Government of Vietnam intervenes in the domestic prices of the carbon steel welded pipe industry, according to the final determination by the Canada Border Services Agency (CBSA).

The authorities of the central province of Quang Tri has approved plans to develop wind power projects in the locality with a total investment of 5.24 trillion VND (over 225.3 million USD). 

Vietnam is considering scrapping import tariffs on crude oil and minerals.

Vietnamese Deputy Prime Minister Trinh Dinh Dung highlighted the crucial role of energy cooperation with Laos during a reception in Hanoi on February 18 for Lao Minister of Energy and Mines Khammany Inthirath.

The Ministry of Industry and Trade (MoIT) will implement solutions to support and promote the automobile industry projects of companies such as Truong Hai Automobile Company (Thaco), Thanh Cong Group, VinFast and others.

Qatar Petroleum (QP) company on Monday said it signed agreements with three global giants worth 2.47 billion U.S. dollars as part of a plan to localize its energy sector.

Deputy Minister of Industry and Trade Do Thang Hai said recently the ministry would consider increasing the price of electricity this year.

More than 12 trillion VND (514.72 million USD) has been invested in a solar power project in the southern province of Binh Phuoc, said Director of the provincial Department of Planning and Investment Vo Sa.

Five or six more industrial parks are expected to be built in the northern port city of Hai Phong in the time ahead, according to head of the Hai Phong Economic Zone Authority (HEZA) Pham Van Moi.

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.