Deputy PM demands precision on fuel storage infrastructure planning

Deputy Prime Minister Tran Hong Ha had a meeting with the verification council for the draft planning on national petrol, oil, and gas storage and supply infrastructure for 2021 - 2030, with a vision to 2050, in Hanoi on March 30.
Deputy PM demands precision on fuel storage infrastructure planning ảnh 1Deputy PM Tran Hong Ha speaks at the meeting on March 30. (Photo: VNA)
Hanoi (VNA) – Deputy PrimeMinister Tran Hong Ha had a meeting with the verification council for the draftplanning on national petrol, oil, and gas storage and supply infrastructure for2021 - 2030, with a vision to 2050, in Hanoi on March 30.

Stressing the importance tonational energy security, he requested that the planning have high precisionand feasibility, match the set tasks and targets, and guarantee active andstable energy supply for the economy.

The official asked the Ministry ofIndustry and Trade and the advisory unit to ensure that shortcomings andproblems in the existing petrol, oil, and gas storage and supply infrastructureare pointed out and assessed in the draft planning.

He noted some issues in the fuelmarket in late 2022 and early 2023, and that the planning must take intoaccount demand in reality and be closely connected with the land, environment,transport, and urban planning.

Amid the growing trend of green andrenewable energy use, the planning also needs to closely follow the Party andState’s orientation, and facilitate science and technology application and digitaltransformation. It must also enable the connectivity among production, storage, and sellingestablishments to ensure supply and demand balance to help connect thecountry with global renewable energy hubs, Ha said.

Deputy PM demands precision on fuel storage infrastructure planning ảnh 2The meeting of the verification council for the draft planning on national petrol, oil, and gas storage and supply infrastructure for 2021 - 2030, with a vision to 2050 (Photo: VNA)
The Deputy PM also underlined thenecessity for environmental impact to be thoroughly assessed in the planning.

The draft planning sets up detailed targets for petrol, oil, and gas storageand supply infrastructure in the 2021 - 2030 and post-2030 periods, with about270 trillion VND (11.5 billion USD) to be invested in infrastructure developmentby 2030.

It gives priority to investment in the national storage infrastructure for crudeoil and petrol and oil products; large-scale petrol and oil warehouses in theareas of deep-water seaports; integrated petrol, oil, and aviation fuel warehousesin the areas of international airports; and large warehouses for importedliquefied natural gas to ensure supply for gas-fueled thermal plants.

The draft planning also puts forth six groups of measures about mechanisms andpolicies; investment capital mobilisation; science and technology; environment,fire and explosion prevention; human resources development; and internationalcooperation./.
VNA

See more

Visitors explore southern Vietnam's products (Photo: vNA)

Vietnam, Cambodia boost supply chain connectivity

Total two-way trade neared 10.1 billion USD in 2024, up 17.5% year-on-year and jumping to more than 11 billion USD in 2025. Vietnam’s key exports to Cambodia include apparel, iron and steel, petroleum, machinery and equipment, chemicals, and processed food. Its main imports are cashew nuts, rubber, farm produce, and industrial raw materials.

Cao Thanh Dinh, founder and CEO of ANPz Co., Ltd (All Nippon Partners) in Japan (Photo: VNA)

Resolution 68 boosts investor confidence in Vietnam’s long-term outlook

Cao Thanh Dinh, Founder and CEO of ANPz Co., Ltd (All Nippon Partners) in Japan, said that after one year of implementation, Resolution No. 68-NQ/TW of the Politburo on private sector development has sent a positive signal to investors by affirming the private sector as a key driver of sustainable and long-term development.

To promote the local lychee brand, expand consumption markets and enhance the fruit's value, Bac Ninh province is organising various trade promotion activities and experiential tourism programmes during the 2026 lychee season. (Photo: VNA)

Bac Ninh promotes lychee tourism with 36 model orchards

According to the Bac Ninh Centre for Culture and Tourism Promotion, the orchards must comply with VietGAP, GlobalGAP or organic production standards while offering suitable conditions for experiential tourism activities. They are also required to connect with nearby tourist attractions, craft villages and historical sites to form integrated tour routes.

Ha Long-Mong Cai Expressway (Illustrative photo: VNA)

Quang Ninh takes lead in public investment disbursement

As of May 13, the northern province had disbursed more than 5.64 trillion VND (213.9 million USD) in public investment capital, fulfilling 24.2% of its annual target and 54% of its disbursement target of 10.56 trillion VND for the year's first half.

Can Tho, Belarus eye trade, investment opportunities

Can Tho, Belarus eye trade, investment opportunities

Belarusian Consul General in Ho Chi Minh City Alexander Sidoruk said his working visit to Can Tho city exposes ample untapped economic potential. The Belarus side brings strengths in exporting fertilisers, crop protection chemicals, agricultural equipment, and high-tech products, and is interested in importing Vietnamese rice, coffee, rubber, seafood, and dairy products.

Retail fuel prices are simultaneously reduced from 15:00 on May 14. (Photo: VNA)

Retail fuel prices cut from May 14 afternoon

Retail fuel prices were simultaneously reduced from 15:00 on May 14 following the latest adjustment by the Ministry of Industry and Trade (MoIT) and and the Ministry of Finance, with E5RON92 biofuel recording the sharpest decline.

A chip assembly and testing plant of Intel at the Saigon Hi-Tech Park in Ho Chi Minh City (Photo: VNA)

Intel deepens engagement in Vietnam’s semiconductor industry

According to the Saigon Hi-Tech Park (SHTP) management board, Intel has relocated part of its production line from Costa Rica to SHTP as part of its global manufacturing restructuring strategy aimed at improving efficiency and competitiveness.

A customer purchase E10 biofuel petrol at a PVOIL filling station on Thai Thinh street in Hanoi. (Photo: VNA)

Biofuel ready for nationwide rollout

For biofuels, particularly E10, to develop successfully, stronger and more coordinated policies are needed, especially pricing mechanisms capable of creating a sufficiently attractive gap between E10 and mineral-based petrol, an expert has said.