Business

Ca Mau Gas-Power-Fertiliser Complex hits targets at full capacity

All the production plants in the Ca Mau Gas-Power-Fertiliser Complex, with investment from the PetroVietnam Camau Fertiliser Joint Stock Company (PVCFC), operated safely at full capacity over the first four months of 2023. The plant hit its targets on production, consumption and budget payment set by the PetroVietnam GAS Corporation JSC and the Petrovietnam Power Corporation (PV Power).
Ca Mau Gas-Power-Fertiliser Complex hits targets at full capacity ảnh 1A view of  Ca Mau Gas-Power-Fertiliser Complex (Photo: petrotimes.vn) 

Hanoi (VNA) - All the production plants in the CaMau Gas-Power-Fertiliser Complex, with investment from the PetroVietnam Camau Fertiliser Joint Stock Company (PVCFC), operated safely at full capacity over the first four months of 2023. The plant hit its targets onproduction, consumption and budget payment set by the PetroVietnam GAS Corporation JSC and the Petrovietnam Power Corporation (PV Power).

The information wasreleased by General Director of the Vietnam Oil and Gas Group (Petrovietnam) LeManh Hung at a recent working session with representatives of units having plantsin the complex.

Hungurged the units to continue focusing on safe production operation; and investment,business and market development in the coming time to fulfill the goals in 2023.

The units should closelycoordinate in production, business, and periodic maintenance and repair, and shareinformation to find long-term development solutions, he said.

Ca Mau Gas-Power-Fertiliser Complex hits targets at full capacity ảnh 2At the working session (Photo: VNA) 

Representatives fromthe units suggested that Petrovietnam should have proposals to solve problemsrelated to gas supply and prices, and value-added tax policy for fertiliserproducts.

Hung assigned Petrovietnam’s Economic and Investment Department to coordinatewith relevant departments and PV Power, PV GAS, and PVCFC to focus on buildinga database, thus setting out an overall and long-term strategy for the complex assoon as possible.

He asked the units to strengthen digital transformation, deploy value chain linkagemodels, keep close watch on market developments, and strive to complete the setmanagement objectives to ensure the project growth goal for Petrovietnam./.

VNA
#Ca Mau Gas-Power-Fertiliser Complex #consumption #budget payment #PV Power #PVCFC #Petrovietnam #long-term development solutions #long-term strategy #Vietnnamplus #Vietnam news #Vietnam News Agency
Follow VietnamPlus

Related News

See more

UK Ambassador to Vietnam Iain Frew addresses the event (Photo: nhandan.vn)

Vietnam, UK step up cooperation in derivatives commodity market development

The British Embassy in Vietnam and the British Consulate-General in Vietnam, in coordination with Boston Consulting Group (BCG), held a capacity-building session under the UK–Vietnam Growth Gateway initiative in Hanoi on March 5 to discuss strategies for developing a transparent and globally connected commodity and derivatives market.

The Quang Tri coastal road project, spanning nearly 55km, is among key projects with regional connectivity that play an important role in promoting socio-economic development in the central province of Quang Tri. The project is expected to be completed by the end of 2026.(Photo: VNA)

Public investment disbursement slow despite record capital scale

As of February 28, total disbursed capital reached 55.74 trillion VND, equivalent to 5.6% of the plan assigned by the Prime Minister. Of the figure, disbursement of the central budget was estimated at 10.18 trillion VND, or 2.9% of the plan, while that of local budgets totalled 45.56 trillion VND, reaching 7% of the target.

Delegates taste UK food (Photo: VNA)

Taste of UK week promotes British foods in Vietnam

The “Taste of the UK” food week, held for the first time in Ho Chi Minh City from February 26 to March 11, is an opportunity to promote British food products and strengthen their presence in Vietnam, while giving local consumers a chance to experience the diversity of UK cuisine.

A customer purchases E5RON92 bioethanol fuel at a PVOIL gas station on Thai Thinh street, Hanoi (Photo: VNA)

Retail fuel prices rise sharply in March 5 adjustment

According to the Ministry of Industry and Trade, the global fuel market during the latest price adjustment period from February 26 to March 4, 2026 was influenced by several major factors, including the escalating military conflict between the US – Israel coalition and Iran.

Workers at a textile factory in Hanoi (Photo: VNA)

Supporting industries seek fresh growth momentum

Against a backdrop of global uncertainty and supply chain restructuring, the Government has introduced a range of measures aimed at injecting new momentum into domestic manufacturing. New provisions covering workforce training, testing and certification, trade promotion and technology upgrades have been implemented.

Workers package fruits at the factory of Vina T&T Group (Photo: nhandan.vn)

Vietnamese exporters adapt to escalating Middle East conflict

The Ministry of Industry and Trade’s Export-Import Department forecasts upward pressure on global prices for consumer goods, fuel, and crude oil in the coming time. Such hikes could exert indirect but broad negative effects on Vietnam’s overall production and trade, with particular exposure in exports destined for the Middle East.

The MoIT will closely monitor global oil prices, output, inventories and trade flows to adjust imports and domestic supply accordingly. - Illustrative image (Photo: VNA)

Vietnam triggers fuel contingency plan over Middle East crisis

The Ministry of Industry and Trade will closely monitor global oil prices, output, inventories and trade flows to adjust imports and domestic supply accordingly. It will also intensify oversight of key traders’ compliance with their 2026 minimum reserve obligations.

Workers process tra fish for export. (Photo: VNA)

Agro-forestry-fishery exports up over 17% in first two months

Of the total export value in the January–February period, agricultural products accounted for 6.09 billion USD, up 17.1% year-on-year. Seafood exports reached 1.76 billion USD, marking a sharp increase of 23.3%, while forestry products brought in 2.82 billion USD, up 7.4%.