The Ministry of Industry and Trade has completed and officially submitted the Power Development Plan VIII to the Government. This plan considers developing hydroelectricity and renewable energy projects at an appropriate scale.
The Vietnam-Russia oil and gas joint venture Vietsovpetro has maintained production cost for a barrel of crude oil at less than 30 USD, the lowest among Vietnamese oil and gas producers, according to the firm.
Binh Son Refining and Petrochemical JSC (BSR) has operated Dung Quat Oil Refinery at 108 percent of the refinery’s design capacity in a safe and stable fashion in February to meet the domestic market’s increasing demand during traditional Lunar New Year.
The domestic sugar industry should restructure all stages of its production process towards diversifying products to improve competitiveness, according to the Ministry of Agriculture and Rural Development (MARD).
The Vietnam National Coal-Mineral Industries Holding Corp., Ltd., (Vinacomin) needs to live up to its main duty of coal supply to serve the country’s socio-economic development, said Deputy Prime Minister Trinh Dinh Dung at a conference in Hanoi on January 9.
The Mekong Delta province of Vinh Long has set a target this year to earn 22.42 trillion VND from agricultural production by restructuring the sector with a focus on product quality.
Applying new technologies to reduce production cost and increase competitive edge is the urgent solution for the garment-textile industry given global fiercer competition.
The export of Thailand’s canned tuna is expected to miss its target as the country’s currency, baht, is getting stronger, said the Thai Tuna Industry Association on July 10.
A new decision by Prime Minister Nguyen Xuan Phuc has given more authority to the State-owned Electricity of Vietnam (EVN), the largest supplier of electricity in the country, in deciding power prices.
The business community has put forward recommendations for the more effective implementation of the Government’s Resolution No.35/NQ-CP on supporting and developing enterprises through 2020 at a conference with the Prime Minister in Hanoi on May 17.
Deputy Prime Minister Trinh Dinh Dung has required the Vietnam National Coal-Mineral Industries Holding Corporation (Vinacomin) to reduce coal production cost for long-term development.
Spending 2,802 VND on producing one kilogramme of rice, the Mekong Delta province of Hau Giang recorded the lowest production costs in the region during the 2015-2016 winter-spring crop.
Disadvantaged households in the Central Highlands province of Lam Dong
will have up to 80 percent of their coffee strain cost covered by the
local People’s Committee.
Business
