Central region takes biofuel lead

The National Oil and Gas Group (Petro Vietnam) has opened three biofuel plants with total capacity of 300 million litres per year in order to meet increasing demand for green energy.
The National Oil and Gas Group (Petro Vietnam) has opened three biofuelplants with total capacity of 300 million litres per year in order tomeet increasing demand for green energy.

The Dung Quat plantalone provides the central region with 1.5 million tonnes of E5 peryear, Deputy General Director of Petro Vietnam Nguyen Sinh Khang said ata conference in Da Nang city late last week.

"We are makingsure that biofuel is always available at stations and costs the same asRON 92. We have sold 106,000 cubic metres of E5 since 2010," Khang said.

DaNang, Quang Ngai and Quang Nam were leading the way when it came topromoting biofuel due to their efforts to raise awareness aboutenvironmental protection, he said.

Nguyen Van Hoi, DeputyGeneral Director of Binh Son Refining and Petrochemical Company (BSR),said the company had supported its fuel agents with 350 VND per litre ofE5.

"BSR has produced over 10.06 million litres of E5 RON 92, ofwhich over 10 million litres were sold in the country," Hoi said. "Weare supporting agents to prepare for the mass launching of biofuelsales."

The central city of Da Nang will completely replace RON92 with E5 at its 118 retail filling stations next month, while QuangNgai plans to stop selling Mogas 92 by the end of 2014.

Binh SonRefining and Petrochemical Company said the company would provide 24,000cubic metres of E5 for Da Nang, Quang Nam and Quang Ngai in October andNovember.

Last week, the Vietnam National Petroleum Group(Petrolimex) announced that E5 RON 92 was priced between 25,310 VND (1.2USD) and 25,810 VND (1.22 USD) per litre in Quang Ngai province.-VNA

See more

VinFast showcases its complete range of electric vehicles at the BIMS 2024 exhibition. (Photo: VNA)

Vietnamese products rise from villages to global markets

Many Vietnamese brands like VinFast, Hoa Phat, Viettel, Vinamilk, and GrowMax have steadily increased their market share at home, expanded their export markets, and built production and value chains, all while contributing to the country’s economic growth.

At the forum (Photo: baoquocte.vn)

Vietnam – a land of opportunities for Nordic firms

Ole Linnet Juul, Senior Chief Advisor of the Confederation of Danish Industry, commended Vietnam’s recent strides, particularly in institutional reforms, technological advancements, innovation, and digital transformation.

Apartments building in HCM City. 2025 is predicted to be a crucial foundation year for the real estate sector in HCM City. (Photo baoxaydung.com.vn)

HCM City real-estate market predicted to recover this year

2025 will serve as a crucial foundation year for the real estate sector in Ho Chi Minh City, marking the path towards a full recovery by 2026 after facing challenges caused by COVID-19 and economic recession, experts predicted.

The Commission for Management of State Capital at Enterprises transfers the rights and responsibilities of the agency representing state capital ownership to the Ministry of Finance. (Photo: VNA)

State capital ownership rights transferred to Ministry of Finance

After merging with the Ministry of Planning and Investment and receiving 18 state-owned groups and corporations from the Commission for Management of State Capital at Enterprises (CMSC), the Ministry of Finance acts as the 'backbone' of the economy, managing all financial resources from public investment and resources from these groups and corporations, to foreign loans.

At the ceremony on February 28 to officially transfer MobiFone Telecommunications Corporation from the commission to the Ministry of Public Security. (Photo: VNA)

State-owned MobiFone now under Ministry of Public Security

MobiFone's profit before tax in 2024 was estimated at over 2 trillion VND (78.23 million USD), exceeding its annual target by 20.6%. The corporation's digital services sector has witnessed high growth rates across many products and services, including MobiFone Meet (1,050%), Cloud (312%), mobiAgri (49%), and MobiFone Invoice (58%).

Investors monitor the development of the stock market at MB Securities JSC (Photo: VNA)

Vietnam pushes to elevate stock market

Vietnam will create favourable conditions for the stock market to develop more breakthrough and innovative products, enhancing the quality of market offerings and attracting more investors.

The economy's total credits reach over 15.6 quadrillion VND (610.3 billion USD) in 2024 (Photo: VNA)

Banking sector urged to expand credits to support economic growth

SBV Deputy Governor Dao Minh Tu stated that an average credit growth of over 2% would contribute to a 1% increase in the country's GDP. Therefore, for 2025, the central bank aims for a credit growth target of around 16% to contribute to the economic growth target of 8%.

Garment production at May 10 Corporation (Photo: VNA)

Vietnam emerges as key hub for int’l textile manufacturers

Vietnam’s textile sector, comprising around 7,000 companies and over 3 million workers, dedicates 80% of its production capacity to exports and 20% to domestic consumption. The industry’s growth is supported by a well-developed logistics network, a skilled workforce, and a stable political environment.

Apartment buildings along Metro Line 1 and Vo Nguyen Giap Boulevard, Thu Duc city. (Photo: VNA)

Metro Line 1 prompts investments in HCM City's eastern apartment market

The newly operational Metro Line 1 is a key driver for real estate projects, particularly in retail and office spaces. The commercial real estate sector typically lags behind the residential market. As communities grow and stabilise, demand for commercial spaces rises accordingly.