Petrovietnam leaders request smooth progress of Block B gas – electricity project
Chairman of the Board of Directors of the Vietnam Oil and Gas Group (Petrovietnam) Le Manh Hung has stressed the necessity to prevent any difficulties from impacting the progress of the Block B gas – electricity project chain as it is the most critical project of the group from now to 2030 and is drawing significant public interest.
An overview of the working session (Photo: petrotimes)
Hanoi (VNA)𝔍 - Chairman of the Board of Directors of the Vietnam Oil and Gas Group (Petrovietnam) Le Manh Hung has stressed the necessity to prevent any difficulties from impacting the progress of the Block B gas – electricity project chain as it is the most critical project of the group from now to 2030 and is drawing significant public interest.
Hung on July 3 led a delegation to the Mekong Delta province of Hau Giang province to work with the Management Board of the Song Hau 1 Thermal Power Plant Project (SH1PP) and Southwest Pipeline Operating Company (SWPOC) regarding the progress of their tasks in the first six months of this year and the implementation for the midstream and downstream sections of the project chain.
President of the Petrovietnam Board of Management and CEO Le Ngoc Son requested the SH1PP Management Board to focus on the finalisation of the SH1PP project, slated for completion in 2024.
He emphasised the importance of synchronising the progress of projects in the midstream, and downstream sections. Regarding the midstream – gas pipeline, he acknowledged the gas pipeline project's smooth implementation progress. As for the downstream - O Mon III and IV thermal power plants, Son stressed the need to implement tasks to ensure adherence to the schedule.
Son asked the project chain’s exploitation and construction board to adjust the project schedule in accordance with the current implementation situation.
As the largest of its kind in Vietnam, the Block B gas – electricity project chain is expected to produce 5.06 billion cu.m of gas per year during the stable phase, providing supply to four O Mon thermal power plants in Can Tho with a total installed capacity of nearly 4,000 MW./.
The Vietnam Oil and Gas Group (Petrovietnam) has achieved financial targets exceeding planned levels by between 34% and 92% in the first five months despite facing significant drops in its core product prices. This is attributable to its effective management of the market fluctuations.
The Vietnam Oil and Gas Group (Petrovietnam) has made remarkable achievements, surpassing assignments excellently and ensuring safe and stable production and business, importantly contributing to stabilising the market and ensuring national energy security.
The Vietnam Oil and Gas Group (Petrovietnam) on May 6 announced the discovery of two new oil and gas fields, Rong and Bunga Aster, which coincided with the 70th anniversary of the historic Dien Bien Phu Victory (May 7).
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 will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.