Minister of Industry and Trade Nguyen Hong Dien chaired a working session with energy and mineral enterprises in Hanoi on August 27 to discuss the promotion of coal trading with Laos.
Coal is loaded onto a lorry at a mine of the Khanh Hoa coal company, a subsidiary of Vinacomin. (Illustrative photo: VNA)
Hanoi (VNA) – Minister of Industry and Trade Nguyen Hong Dien chaired a working session with energy and mineral enterprises in Hanoi on August 27 to discuss the promotion of coal trading with Laos.
The meeting was attended by representatives of the Vietnam National Coal and Mineral Industries Group (Vinacomin), the Vietnam Oil and Gas Group (Petrovietnam), Vietnam Electricity (EVN), and Dong Bac Corporation, among others.
Dien noted that cooperation in coal trading between Vietnam and Laos is a critically important issue which is both economic development and political tasks. Therefore, the Government, the Prime Minister, and the Ministry of Industry and Trade (MoIT) have had many meetings and instructions on this issue. Reviewing recent coal trading, the minister said enterprises have exerted efforts in importing this mineral from Laos under the intergovernmental agreement and the Government’s directions, but the imported volume remains modest and has yet to match the two countries’ demand and potential.
To tackle difficulties and hindrances to bilateral trading, he asked the related units to seriously comply with the Government and the PM’s directions, including on the drafting of a cooperation deal on coal trading with Laos.
To help build the agreement, he requested competent agencies of the MoIT and the enterprises submit reports that comprehensively assess coal trading demand between the two countries as well as conditions for trading.
Dien told the ministry’s Oil, Gas, and Coal Department to quickly collect opinions from ministries, sectors, and localities so a๊s to finalise the draft with guaranteed quality and progress to soon submit ♕it to the Government./.
The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) said it gained nearly 8.5 trillion VND (2.24 billion USD) in revenue in the first four months of this year, a year-on-year increase of 4%.
Minister of Industry and Trade Nguyen Hong Dien had a meeting in Vientiane on April 8 with Lao Prime Minister Sonexay Siphandone who asked relevant ministries of the two sides to focus on seeking ways to remove difficulties facing their businesses in exporting coal and electricity, thus improving the effectiveness of bilateral cooperation in trade, energy, and minerals in accordance with the needs and potential of each country.
The development strategy of the coal industry to 2030 with a vision to 2045 has been approved by Deputy Prime Minister Tran Hong Ha in Decision No 55/QD-TTg, under which coal output is expected to be between 45 and 50 million tonnes by 2030, and between 38 and 40 million tonnes in 2031-2045.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
