Business

Foreign businesses race to invest in oil refinery plants in Vietnam

Although Vietnam initially decided to build only three oil refineries, two are about to be built and others are under construction, while several more are awaiting licenses, according to an article published on the English language news portal VietNamNet Bridge on September 9.
Huge FDI projects on right track Business

Huge FDI projects on right track

The implementation of l arge foreign invested projects such as the Nghi Son, Long Son and Vung Ro oil refineries, LG, and Samsung have been proceeding as scheduled, the English language news website VietNamNet Bridge reported.
Business

Nghi Son oil refinery helps boost economic development

2013 marked an important milestone for the central province of Thanh Hoa as the construction work started on its Nghi Son Oil Refinery and Petrochemical Complex (NSRP) – the largest-ever in Southeast Asia and also the largest FDI project in Vietnam - with capital topping 9 billion USD.
Business

Investment climate in Vietnam under reform pressure

Despite 2013’s economic difficulties, Vietnam attracted more than 21 billion USD in registered foreign direct investment (FDI), a 54.5 percent increase over 2012. But experts warn the country risks lagging behind without stronger efforts at reform. Report by radio The Voice of Vietnam.
Country lures 21.6 billion USD in FDI last year Business

Country lures 21.6 billion USD in FDI last year

Total new and additional FDI capital registered in 2013 reached an estimated 21.6 billion USD, up 54.5 percent over the year before, according to statistics from the Ministry of Planning and Investment.
Business

Thanh Hoa rolls out welcome mat for Nghi Son EZ

Thanh Hoa province, which boasts the Nghi Son Oil Refinery and Petrochemical Complex Project, will organise a trade promotion conference on October 23-24 to introduce its socio-economic development strategy to 2020 with a vision towards 2030 as well as its incentives for foreign investors. Report by the Vietnam Economic News.
Society

JICA finances Vietnam to develop heavy chemical industry

The Record of Discussions of JICA’s Project for Human Resources Development (HRD) for Heavy-Chemical Industry at Industrial University of Ho Chi Minh City (IUH) was signed at the office of Ministry of Industry and Trade (MOIT) on June 27.
FDI in Vietnam surges, Japan leads investors Business

FDI in Vietnam surges, Japan leads investors

Vietnam has witnessed a surge in newly registered and additional FDI in the first five months of this year. Totalling 8.51 billion USD, it was an increase of 8.9 percent over the same period last year.
Business

PetroVietnam urged to expand oil and gas exploitation overseas

Deputy Prime Minister Hoang Trung Hai has instructed Vietnam Oil and Gas Group (PetroVietnam) to pursue the strategy to expand oil and gas activities overseas to preserve domestic resources and guarantee energy security in spite of the difficulties and challenges.
President tours Thanh Hoa province Politics

President tours Thanh Hoa province

President Truong Tan Sang on Feb. 19 paid a visit to the Nghi Son Economic Zone in Thanh Hoa province, where he inspected construction on Nghi Son Thermo-electric power plant No.1.
Oil and gas services set record in revenues Business

Oil and gas services set record in revenues

Oil and gas services set a record of raking in 152.5 trillion VND in revenues in 2010, representing a year-on-year increase of 58 percent and accounting for 32 percent of the Vietnam National Oil and Gas Group (PetroVietnam)’s total turnover.
Vietnam to expand cooperation with Kuwait Politics

Vietnam to expand cooperation with Kuwait

Vietnam and Kuwait need discussions among relevant agencies to boost bilateral ties in trade, economics, investment, culture, training and labour relations, said Prime Minister Nguyen Tan Dung.
Vietnam wants Kuwait to increase investment Politics

Vietnam wants Kuwait to increase investment

Vietnam wants Kuwait to increase its investment in the country with focus on fields of mutual concern such as the development of technical and social infrastructural facilities, said National Assembly Chairman Nguyen Phu Trong.