Hanoi (VNS/VNA)📖 – Vietnam Oil & Gas Group (PetroVietnam) will headthe ASEAN Council on Petroleum (ASCOPE) secretariat for the first time.
The group will be the secretariat of the council fromnow until 2024 after the position was handed over from Thai oil and gascompany PTT at a council meeting on November 29 inHanoi. “It is a milestone for Vietnam sinceit joined the council in 1996," Tran HongNam, member of the board of Directors, PetroVietnam Exploration ProductionCorporation (PVEP), told Viet Nam News, the English languagedaily of the Vietnam News Agency. “It is a good opportunity for Vietnam tobenefit from the council thanks to its network of experienced oil and gasenterprises in the region," said Nam, who will serve as the council'ssecretary-in-charge. Nam said Vietnam could learnthe experience from both the well developed countries with oil and gas industryand the newcomers in the field. “There are both challenges and opportunities for theindustry in ASEAN, which consumes and produces a large amount of oil and gasproducts, in the context of growing complicated climate change and thetechnology era," he added. Hosted by PetroVietnam in the capital, the 45thCouncil Meeting is taking place in Hanoi from November 27 to December 1 with the theme 'Regional Cooperation forSustainable Development'. At the meeting, participants discussed the plan of thesubcommittee in promoting the use of liquefied natural gas (LNG), updated eachother on oil and gas projects in recent years, and shared experience ondeveloping LNG markets, among others. Established in 1975, ASCOPE aims to promotecollaboration in the development of the petroleum resources in the regionthrough joint endeavours. It consists of national petroleum companies/nationalentities responsible for oil and gas in the 10 ASEAN member countries./.
Reporting 50.6 trillion VND (2.17 billion USD) in before-tax profit in 2018, the Vietnam Oil and Gas Group (PetroVietnam) has become the most profitable corporation in the country.
The state-owned oil and gas group PetroVietnam (PVN) and its member company, PetroVietnam Gas Corporation (PV Gas) started construction on a liquefied natural gas (LNG) warehouse at Thi Vai Terminal in the southern province of Ba Ria – Vung Tau on October 28.
The Vietnam Oil and Gas Group (PetroVietnam) has exceeded its set yearly targets in terms of revenue, profit and state budget contribution two months before the year-end.
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&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
PetroVietnam's Dai Hung platform (Photo: pvn.vn) 
