Vietnam-Russia joint venture welcomes first oil flow from Ca Tam field's second rig

Vietnam-Russia oil and gas joint venture (Vietsovpetro) on October 28 welcomed the first flow of oil pumped up from Ca Tam 2 production platform (CTC-2) at Ca Tam oil field.
Vietnam-Russia joint venture welcomes first oil flow from Ca Tam field's second rig ảnh 1 Ca Tam 2 production platform (Photo: Petrotimes)
Hanoi (VNA) - Vietnam-Russia oil and gasjoint venture (Vietsovpetro) on October 28 welcomed the first flow of oil pumpedup from Ca Tam 2 production platform (CTC-2) at Ca Tam oil field.

The oil field is located at block 09-3/12 on the continentalshelf of Vietnam, about 160 km to the southeast of Vung Tau city in thesouthern province of Ba Ria – Vung Tau.

It is a small wellhead rig designed, manufactured,installed, and tested by Vietsovpetro. CTC-2 was built for oil and gasexploitation with 12 wells and a total construction weigh of about 2,380 tonnes.

Its construction began on January 22 this year and was completed onAugust 26. On September 15, its first production well was opened, beginning thedrilling.

A total of nine wells are planned to be put into operation in 2022 and next year./.
VNA

See more

Illustrative image (Photo: VNA)

Retail fuel prices in latest adjustment

According to the new pricing, E5 RON92 bio-fuel is now priced at 20,598 VND per litre, up 156 VND, while RON95-III costs 21,074 VND per litre, an increase of 146 VND.

NA Chairman Tran Thanh Man speaks at the session on February 13. (Photo: VNA)

NA weighs new policies to boost science, technology, innovation

The resolution, presented at the February 13 session of the NA Standing Committee, seeks to establish a legal framework that would effectively boost national scientific-technological advancement and digital transformation, making them driving forces for socio-economic development to deliver on the dual targets by 2030 and 2045 as outlined at the 13th National Party Congress.

CPI in January 2025 rose by 0.98% compared to December 2024 (Photo: thoibaotaichinhvietnam.com)

Fiscal, monetary policies support demand stimulation, price stabilisation

These efforts, in conjunction with the implementation of monetary policies and other macroeconomic policies, aim to solve difficulties for businesses and the public, stabilise the macroeconomy, control inflation, ensure the balance of the economy, promote economic growth, and secure social welfare and people's livelihoods.

People line up to register for land auctions in Hoai Duc district, Hanoi. (Photo: VNA)

Affordable housing for young buyers a win-win: HoREA

Most young people are ambitious and have a long career path ahead of them to generate income and repay loans. Typically, within 10-15 years, their earnings will double or triple, making such loans low-risk for banks, said HoREA

An apartment and villa complex in Ha Dong district, Hanoi. (Photo: VNA)

Taxes on real estate based on time property is held not feasible: Justice Ministry

In their latest draft of a proposal to establish a new Law on Personal Income, to replace the current one, the MoF has proposed the Government impose taxes on income from real estate transactions based on the period of ownership – or holding period – which is the time between when an investor buys and sells a land or property.

Part of Ha Long city in Quang Ninh province (Photo: VNA)

Quang Ninh targets 14% GRDP growth in 2025

Secretary of the Quang Ninh Party Committee Vu Dai Thang emphasised that achieving this target would require Quang Ninh’s economy to reach approximately 395 trillion VND (15.4 billion USD) in 2025.