Top companies see profit slide in 9 months Business

Top companies see profit slide in 9 months

Forty of the largest companies by market capitalisation posted a 15 percent annual decline in total pre-tax profit, which fell to 162.8 trillion VND (7.02 billion USD) in January-September.
Quang Tri eyes 86 million USD logistics centre Business

Quang Tri eyes 86 million USD logistics centre

The People's Committee of Quang Tri province has approved in principle for Dong Nam ICD JSC to develop a logistics centre, expected to cost more than 2 trillion VND (86 million USD), in the East South Quang Tri Economic Zone.
Ministry proposes new electricity tariffs Business

Ministry proposes new electricity tariffs

The Ministry of Industry and Trade has proposed a new retail electricity tariff which is divided into five rates instead of six. In this option, 98.2 percent of households in the country would see no increase or even lower power bills.
Japanese firm expects to supply LNG to O Mon 1 thermal power plant Business

Japanese firm expects to supply LNG to O Mon 1 thermal power plant

Vice Chairman of the municipal People’s Committee of the Mekong Delta city of Can Tho Truong Quang Hoai Nam held a working session with representatives from Japan’s JERA Co. Inc. to discuss the use of liquefied natural gas (LNG) at O Mon 1 thermal power plant in Can Tho.
Capacity of coal-fired power plants to drop in 2025 Business

Capacity of coal-fired power plants to drop in 2025

The capacity of coal-fired power plants in Vietnam will be reduced to 8,760 MW in 2025 and 6,340 in 2030 due to the sluggish implementation of several projects and the disagreement of some localities in coal-fired power plant development.
Ba Ria-Vung Tau seeks to develop LNG-fueled power projects Business

Ba Ria-Vung Tau seeks to develop LNG-fueled power projects

Deputy Minister of Industry and Trade Hoang Quoc Vuong on January 7 asked the southern coastal province of Ba Ria-Vung Tau to weigh environmental and economic impacts of liquefied natural gas (LNG) electricity projects that are seeking approval.
PetroVietnam in need of investment capital Business

PetroVietnam in need of investment capital

Demand for investment capital at the Vietnam Oil and Gas Group (PetroVietnam) and its member units for 2018-20 is estimated to reach 620 trillion VND (26.7 billion USD), PetroVietnam Securities Inc (PSI) recently announced.