PetroVietnam completes oil exploitation plan for 2021 ahead of schedule

The Vietnam Oil and Gas Group (PetroVietnam) has reported that it has completed the target of 7.99 million tonnes of oil output set for this year, 42 days ahead of schedule.
PetroVietnam completes oil exploitation plan for 2021 ahead of schedule ảnh 1Illustrative image. (Photo: baochinhphu.vn)
Hanoi (VNA) - TheVietnam Oil and Gas Group (PetroVietnam) has reported that it has completed thetarget of 7.99 million tonnes of oil output set for this year, 42 days ahead ofschedule.

In the first ten months of this year, despite facing a lot of difficulties dueto the COVID-19 outbreak which resulted in prolonged social distancing anddisruption of the supply chain of supplies and equipment, the group incoordination with contractors has striven to achieve its target.

The early completion of the oil production plan is a great effort ofPetroVietnam in the context of a decline in natural output of existing oil andgas fields after a long period of exploitation and investment and problemsarising relating to mechanisms in the development of new fields.

Thanks to the application of scientific and technological solutions to improveoil recovery, the group has reached the maximum exploitation output in terms oftechnical safety, taking advantage of market opportunities of rising oil pricesto make the highest contribution to the State budget.

PetroVietnam contributed 75.4 trillion VND (3.3 billion USD) to the Statebudget in the first 10 months of 2021, exceeding 21 percent of the 2021 plan andup 23 percent over the same period last year./.
VNA

See more

At the meeting between Minister of Agriculture and Rural Development Le Minh Hoan and visiting FAO Director-General Qu Dongyu. (Photo: VNA)

Vietnam, FAO join hands to boost South-South cooperation on agriculture

United Nations Food and Agriculture Organisation (FAO) Director-General Qu Dongyu's working trip to Vietnam from February 5-8 aims to promote bilateral cooperation in the fields of agriculture, food security, environmental protection, and rural development amid complicated and unpredictable global developments.

Deputy Prime Minister Ho Duc Phoc speaks at meeting of the Steering Committee for Price Management (Photo: VNA)

Deputy PM stresses importance of efficient price management in 2025

Deputy PM Ho Duc Phoc said with the GDP growth target for 2025 of at least 8%, the amount of money injected into the economy will be significantly higher than in 2024, and growth drivers will be stimulated, thereby impacting price indexes, especially consumer prices.

At the business registration office under the municipal Department of Planning and Investment (Photo: VNA)

Number of firms resuming operations in Hanoi surges 44%

New business registrations in Hanoi saw a 24.3% decline, with 2,045 new enterprises receiving certificates. The total registered capital for the new establishments dropped by 53.4% to 13.8 trillion VND (546.1 million USD).

A corner of VSIP Bac Ninh (Photo: VNA)

Bac Ninh wins growing investor confidence

With its potential and local authorities’ flexible and business-friendly policies, Bac Ninh is establishing itself as a magnet for both domestic and foreign investors.

Investors watch the market's movements at a trading office of a securities firm. (Photo: VNA)

Stock market gears up for a new era

The mission of the securities sector is to continuously develop infrastructure, improve service quality, attract international investors and mobilise medium- and long-term capital.

The Cai Mep - Thi Vai deep-water port complex in Ba Ria - Vung Tau province plays a pivotal role in attracting FDI capital to the southeastern region. (Photo: VNA)

Vietnam’s FDI inflow soars by 48.6% in January

The manufacturing and processing industry dominated foreign investment, attracting over 3.09 billion USD, equivalent to nearly 71.3% of total investment and showing a remarkable 99.1% increase year-on-year.

Vietnam's CPI in January 2025 expands by 3.63% year-on-year, while core inflation rose 3.07%. (Photo: VNA)

January CPI up 0.98%

Such factors as adjusted healthcare fees, and higher transportation costs and food prices led to a 0.98% rise in the Consumer Price Index (CPI) in January.

The cargo port in Qingdao, Shandong province, China, on January 13, 2025 (Photo: VNA)

Vietnam - China economic, trade cooperation flourishes

China - Vietnam's economic ties have flourished, with bilateral trade and investment growing rapidly. In 2024, trade reached 260.65 billion USD, up 13.5% from the previous year, while Vietnam is also an important destination for Chinese investors.