Deputy Minister of Industry and Trade Hoang Quoc Vuong spoke about the development of the marketplace at a recent meeting in Ha Noi. Vuong said the development of a competitive electricity market is a long-term plan for Viet Nam’s electricity sector as mandated in the 2004 Electricity Law. The details of the plan were specified […]

NDO – Vietnamese Deputy Prime Minister Trinh Dinh Dung and his Russian counterpart Maxim Akimov co-chaired the 21st meeting of the Vietnam-Russia Intergovernmental Committee for Economic-Commercial and Scientific-Technological Cooperation, which took place in Moscow on October 29. During the meeting, the two sides discussed and agreed on a wide range of measures to foster bilateral […]

HANOI (Reuters) – Vietnam and Russia on Monday agreed to nearly triple bilateral trade to $10 billion (7.7 billion pounds) by 2020 from $3.55 billion last year, while expanding energy ties. Russia is Vietnam’s biggest weapons supplier and Russian companies are involved in several Vietnamese energy projects. “We have agreed to cooperate more closely and […]

HANOI, Nov 13 (Reuters) – Vietsovpetro, a Vietnam-Russia oil joint venture, will start crude oil production at the Ca Tam field offshore southern Vietnam from Jan. 15, three sources with knowledge of the matter said on Tuesday. Ca Tam is the first new field to be brought into production in Vietnam in years after a […]

Licences have been given to 12 of 16 planned wind power projects. Of the 16 approved wind power projects for Vietnam’s central province Ninh Thuan, 12 have already received licences, marking a combined capacity of over 748MW and capital of $978m, a report by Vietnam Energy Online said. There are also 29 planned solar projects, […]

HANOI, Nov 27 (Reuters) – Power-hungry Vietnam, one of Asia’s fastest-growing economies and a production hub for global companies such as Samsung Electronics, needs to raise up to $150 billion by 2030 to develop its energy sector, according to a World Bank official. Vietnam has been struggling to develop its energy industry due to a […]

NDO/VNA – Deputy Prime Minister Trinh Dinh Dung is paying a working visit to France from October 26 to 28 to seek measures to continue cementing ties between Vietnam and France. During his trip, Dung had working sessions with Minister of Environment François de Rugy, and CEO of the French Development Agency (AFD) Rémy Rioux, […]

Regulatory obstacles in Indonesia could hamper coal production in 2019 and uncertainty about China’s import policy could also curb exports, even though a number of producers have announced tentative plans to raise output in the coming year. A period of high prices that began in 2016 and lasted throughout much of 2018 on strong demand […]

International Swiss trading firm Vitol Group, one of the largest energy traders in the world, has stepped forward as a customer for liquefied natural gas (LNG) from the 25% share in the LNG Canada project owned by Malaysia’s state-owned Petronas. The new export terminal, under construction on the northern Pacific coast of British Columbia, would […]

HÀ NỘI — Việt Nam expects Indian firms to invest more in Việt Nam, Deputy Prime Minister Trịnh Đình Dũng said at the Việt Nam-India Business Forum held in Hà Nội on Monday. The fields expected to lure Indian investment include renewable energy, manufacturing industry, information technology and infrastructure construction, he said. Việt Nam also […]