The Vietnam – Russia oil and gas joint venture Vietsovpetro sets to exploit nearly 3 million tonnes of oil equivalent and condensate in 2021, according to Director General Nguyen Quynh Lam.
The Vietnam – Russia oil and gas joint venture Vietsovpetro has reported that its oil and gas output in 2020 is likely to reach 3.42 million tonnes, surpassing the set target by nearly 300,000 tonnes.
The Vietnam Association of Seafood Producers and Exporters (VASEP) said it plans several measures to help its members further penetrate the global supply chain and enable the fisheries sector to reach its export target of 12 billion USD in 2025, 40 percent higher than this year.
High-tech shrimp farming models complete with net houses, canvas-lined ponds, and water treatment plants require billions of Vietnam dong in investment per hectare. Their effectiveness, though, means that many farmers in the southern region are willing to give it a try.
The Dong Thap province People’s Committee has held a ceremony to celebrate the Mekong Delta province’s first advanced rice farming project that uses modern techniques in all production stages and uses irrigation water efficiently.
The PetroVietnam Exploration Production Corporation (PVEP) – a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam) - exploited 2.88 million tonnes of oil equivalent in the first three quarters of this year, surpassing the target by 1 percent.
Farmers in the Mekong Delta’s upstream areas are waiting for the flood season, which brings sediment to rice fields and other areas of aquatic resources.
Efficient reproduction of pigs and enhancing imports of frozen pork and live pigs have made prices of live hogs fall, according to the Ministry of Agriculture and Rural Development (MARD).
The Vietnam Textile and Garment Group (Vinatex) forecasts the country’s textile and garment exports will continue to decline by 14-18 percent each month for the rest of 2020 over the same period last year.
The common retail power price is expected to be applied at the beginning of next year together with the current tiered pricing mechanism, said Deputy Minister of Industry and Trade Do Thang Hai.
As an ideal location for tropical trees that require high humidity, the Central Highlands province of Kon Tum plans to cultivate macadamia trees on 1000ha by 2025, according to its Department of Agriculture and Rural Development.
The Central Highlands province of Gia Lai will expand macadamia cultivation by growing the nut in coffee plantations and forests, according to its Department of Agriculture and Rural Development.
Foreign direct investment (FDI) into electronics should aim to promote local companies and enable them to engage in the global value chain, industry insiders have said.
The 2020 national forum on collective economy and cooperatives will be held in the third quarter, with the number of participants expected to reach about 500.
The Government’s decision to offer a zero-import tax rate on automobile components opens significant opportunities for the local industry to lower prices, enhance competitiveness and promote consumption.
The Southern Power Corporation (EVN SPC) will start building a solar power plant in July to turn Con Dao island into "a high-quality tourist and economic zone".
Business
