Vietnam, Indonesia boost economic, energy cooperation
Vietnam and Indonesia boast huge potentials in energy collaboration, Indonesian Ambassador to Vietnam Ibnu Hadi highlighted at a conference held in Hanoi on June 16.
Coal exploitation in Quang Ninh (Photo: monre.gov.vn)
Hanoi (VNA) – Vietnam and Indonesia boast huge potentials in energycollaboration, Indonesian Ambassador to Vietnam Ibnu Hadi highlighted at aconference held in Hanoi on June 16.
The event drew the participation of numerous Indonesian coal exporters andVietnamese importers.
In the first four months of the year, Indonesia shipped more than 1.5 milliontonnes of coal to Vietnam, he said, adding that the country will export at least4.5 million tonnes of coal to its ASEAN peer.
The Indonesia Embassy in Vietnam will work to promote the connection betweenenergy businesses from the two countries to ensure sufficient supply, he stressed.
Regarding the coal demand of the Electricity of Vietnam (EVN), a representativefrom the group said that coal-fired power accounts for 30 percent of the totalelectricity generated nationwide of 42,000 MW.
Before 2016, most thermoelectricity plants used domestic coals, however, theneed for imported coals has shot up due to the development ofthermoelectricity.
In 2016, the country bought 680,000 tonnes of coal from foreign countries, thefigures expected to rise to 4.7 million tonnes in 2017, 11 million tonnes in2020 and 19 million tonnes in 2025.
On the occasion, businesses from both countries exchanged experience anddiscussed measures to boost cooperation.
Two-way trade stood at 5.5 billion USD in 2016 and both sides are targeting 6billion USD in 2017.-VNA
The electricity industry must improve its management and technology to reduce losses in the transmission grid as well as eradicate power stealing, which are very serious in rural and remote areas.
Vietnam’s total coal export volume in the first four months of the year surged five times from the same time last year to more than 544,000 tonnes, according to the General Department of Customs.
Vietnam needs a long-term renewable energy development vision in line with international commitments to improve its economic efficiency and environmental quality, mitigate climate change and modernise industries.
PetroVietnam Power Corporation (PV Power), a wholly-owned subsidiary of the state-owned energy giant PetroVietnam, said it will sell a 49 percent stake late this year with priority given to strategic investors.
The Electricity of Vietnam (EVN)'s Power Generation Corporation 1 (EVNGENCO 1) produced nearly 12.4 billion kWh of electricity in the last five months, fulfilling 40.8 percent of the target set for the year.
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.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Coal exploitation in Quang Ninh (Photo: monre.gov.vn) 
