Indonesia chosen to build EV battery plant World

Indonesia chosen to build EV battery plant

Indonesian Minister of State-Owned Enterprises Erick Thohir said on October 14 that the world’s two largest electric vehicle (EV) battery producers, Contemporary Amperex Technology Co. Ltd of China and LG Chem Ltd of the Republic of Korea, are considering a plan to build an EV battery plant worth 20 billion USD in Indonesia.
Quang Ninh targets double-digit GRDP growth in 2020 Business

Quang Ninh targets double-digit GRDP growth in 2020

The northern coastal province of Quang Ninh targets double-digit growth in the gross regional domestic product (GRDP), and State budget collection of a 48 trillion VND (approximately 2 billion USD) in 2020, according to Secretary of the provincial Party Committee Nguyen Xuan Ky.
Mining industry unable to enjoy tax incentives Business

Mining industry unable to enjoy tax incentives

The mining industry faced difficulties in the first eight months of this year due to being unable to enjoy tax and land rental incentives, said Nguyen Huu Quang, deputy head of the National Assembly's Committee on Finance and Budget.
Industrial production index in 8 months decreases Videos

Industrial production index in 8 months decreases

According to the General Statistics Office, for the first 8 months of the year, the industrial production index of the whole country increased by 2.2% over the same period last year, much lower than the 9.5% increase of the same period last year.
Management of mineral resources requires more efforts Environment

Management of mineral resources requires more efforts

Mineral resources are vital to the nation as they not only serve economic development purposes, but also hold the potential for reinvestment in and sustainable development of tourism, such as Dong Van Karst Plateau Geopark and Non Nuoc Cao Bang Global Geopark.
Manufacturing sector drives economic growth Business

Manufacturing sector drives economic growth

The manufacturing and processing industry drove economic growth in 2019 with production volume increasing 11.29 percent over the previous year, according to the General Statistics Office (GSO).