The Ministry of Industry and Trade (MoIT) will instruct enterprises to work to ensure domestic oil and gas supply in the second quarter of this year, Deputy Minister Do Thang Hai has said.
In the face of soaring fuel prices, Minister of Industry and Trade Nguyen Hong Dien proposed several measures for stabilising the market in the long run while fielding queries from full-time legislators on March 16.
The Ministry of Industry and Trade (MoIT) has instructed relevant agencies to ensure the supply of petrol, MoIT Deputy Minister Do Thang Hai said at the Government’s regular press conference for February on March 3.
Vietnam will need to cut taxes and fees, in addition to using the petroleum price stabilisation fund if petrol prices keep rising, said a leader from the Ministry of Industry and Trade (MoIT).
The Index of Industrial Production (IIP) in November saw the lowest rise since the beginning of 2019 at 5.4 percent, mostly due to the slowing-down of mining and processing-manufacturing sectors, according to the General Statistics Office (GSO).
Expansion in processing-manufacturing sector in the first three months of 2019 was mostly contributed by domestic businesses’ production, said Deputy Minister of Industry and Trade Do Thang Hai.
The Ministry of Construction and authorities of the central province of Thanh Hoa announced on January 9 the adjustments to the planning of Nghi Son Economic Zone (EZ) until 2035, with a vision to 2050.
Prime Minister Nguyen Xuan Phuc has said he welcomes investors from Kuwait Petroleum International (KPI) and Japan to inject money into the Nghi Son oil refinery and petrochemical complex project.
Prime Minister Nguyen Xuan Phuc has suggested that the Liberal Democratic Party (LDP) of Japan continue promoting party, government and parliament delegation visits with Vietnam as well as support stronger cooperation in trade, investment, people-to-people and locality-to-locality exchanges.
Vietnam’s Index of Industrial Production (IIP) expanded 10.1 percent year-on-year in the first 11 months of 2018, according to the General Statistics Office (GSO).
The pre-tax profit of the PetroVietnam Transportation Corporation (PVTrans) hit 540 billion VND in the first nine months of this year, 42 percent higher than the same period last year and meeting the target set for this year.
Petrolimex Aviation Fuel JSC is among top Vietnamese brands as part of an award held by the Ministry of Industry and Trade in response to the “Vietnamese people prioritise Vietnamese goods” campaign.
The People’s Committee of the north central province of Thanh Hoa has handed over an expanded site in the Nghi Son Economic Zone and local industrial parks for the implementation of the Nghi Son Oil Refinery and Petrochemical (NSRP) complex.
Central Thanh Hoa province will put more focus on solving problems for Nghi Son Oil Refinery project to soon put it into use, said Secretary of the provincial Party Committee Trinh Van Chien on November 21.
The Nghi Son petrochemical refinerycompany on August 22 received the first batch of 270,000 tonnes crude oil from Kuwait via Millennium cargo ship for its operation.
Vietnam is expected to continue importing petroleum products for the next five years as production of major oil refineries is unable to meet the increasing local demand.
The upcoming operation of Idemitsu Q8 Petroleum LLC in Vietnam’s petroleum market is expected to increase the competitiveness of the local oil and gas product market.
The upcoming official visit to Vietnam by Prime Minister of Kuwait Sheikh Jaber Mubarak Al-Hamad Al-Sabah from May 5-7 is expected to give a boost to bilateral cooperation in various fields
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