Completion of institutions needed to develop oil and gas sector
Politburo member and head of the Party Central Committee’s Economic Commission Nguyen Van Binh on January 25 stressed the need to complete institutions for the development of the oil and gas sector.
Drilling platforms at Bach Ho oil field (Source: VNA)
Hanoi (VNA) – Politburo member and head of the Party CentralCommittee’s Economic Commission Nguyen Van Binh on January 25 stressed the needto complete institutions for the development of the oil and gas sector.
During a workingsession with leading officials of the Vietnam National Oil and Gas Group(PetroVietnam), Binh asked the group to review the implementation of thePolitburo’s Resolution No.41 on orienting the Vietnam Oil and Gas DevelopmentStrategy by 2025 with a vision to 2035 to submit to the Politburo to issue anew resolution so as to cope with challenges and overcome difficulties facingthe group, as well as the entire sector.
For difficulties in dealingwith projects and businesses with bad performances, the group should seek acorrect approach and quickly make proposals towards the promulgation ofspecific policies, he suggested.
After three yearsimplementing Resolution No.41, PetroVietnam has well carried out disseminationsand put forward several action plans and programmes to institutionalize theresolution’s content, he noted.
The group has gainedremarkable achievements in business and production. Restructuring work has metrequirements, and equitisation has been carried out drastically andeffectively, with PetroVietnam Oil Corporation, PetroVietnam Power Corporationand Binh Son Refining and Petrochemical JSC (BSR) equitized in 2018.
To fulfill its settargets for 2019, PetroVietnam is striving to increase oil and gas reserves of10-15 million tonnes of oil equivalent, pump 12.37 million tonnes of oil, and produce1.58 million tonnes of nitrogenous fertiliser, 21.6 billion kWh of electricityand 10.35 million tonnes of gasoline.-VNA
The PetroVietnam Gas Corporation (PV Gas) will be a supplier of liquefied natural gas (LNG) for the Nhon Trach 3 and 4 power plants under a framework agreement between the firm with the PetroVietnam Power Corporation (PV Power).
Prime Minister Nguyen Xuan Phuc attended a meeting of the Vietnam National Oil and Gas Group (PetroVietnam) in Hanoi on January 11, asking the firm to overcome ups and downs to re-establish the sector as a growth engine of the country.
National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan had a working session with the Vietnam National Oil and Gas Group (PetroVietnam) in Hanoi on January 17, promising to handle difficulties in terms of policies and laws facing this sector.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Drilling platforms at Bach Ho oil field (Source: VNA) 
