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)🥂 - 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).
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
