PetroVietnam is to be one of the nation's leading groups, both inside and outside the country, with sharpened competitive edges and growth of up to 20 percent a year, according to a five-year plan approved by the Prime Minister.
PetroVietnam is to be one ofthe nation's leading groups, both inside and outside the country, withsharpened competitive edges and growth of up to 20 percent a year,according to a five-year plan approved by the Prime Minister.
The group aims to increase oil and gas reserves and petroleumexploration output by 35-40 million tonnes and 23-34 million tonnes ofoil equivalent per year respectively.
By 2015,PetroVietnam would be able to produce about 16-17 million tonnes ofrefined oil, meeting 50-60 percent of domestic petrol demand and 60-70percent of nitrogenous fertiliser demand.
By 2015, around 50-60 percent of materials demand for petrochemical and petrochemical products would be satisfied.
At the same time, the group would put three bio-fuel plants intooperation while developing bio-fuel production and distribution systemsnationwide.
Petroleum services would be encouraged to grow at an average rate of 20 percent per year, the plan says.
PetroVietnam was eligible to use foreign currencies for its investmentprojects or those carried out by its subsidiaries via service contracts,according to a new circular issued by the Ministry of Finance.
The circular said the group was allowed to use foreign currencies to contribute capital to joint ventures.
PetroVietnam could use foreign currencies to pay principal, interestand fees on its borrowings for those investment projects and othermaturity debts.
The group was expected to collect foreign currencies from petroleum contract revenues inside and outside the country.
The new 📖circular would not apply for PetroVietnam subsidiaries./.
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.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
