Industry News

Investors in VN’s mining industry look for long-term returns

Although fluctuations in international demand and pricing have put pressure on returns from Viet Nam’s mining industry, the sector remains a magnet for foreign direct investment (FDI), a sign of confidence in its long-term prospects.

South Korea’s Yakin Group to develop $700-million highway in Can Tho

Yakin Group from South Korea plans to develop a series of projects in the southern city of Can Tho, especially the 91C Highway project with a total investment capital of VND15.1 trillion ($666.2 million), according to newswire Saigontimes.

HSBC pares back VN's GDP growth to 6%

“We have also pared back our full-year forecast from 6.4 per cent to 6 per cent growth in 2017, due to the country’s sluggish start in the first quarter,” HSBC noted in its Vietnam at a Glance Report released on July 19.

Domestic materials for E5 fuel in short supply

The Ministry of Industry and Trade (MOIT) estimates that from January 1, 2018, when Vietnam shifts from using RON 92 to RON 95 and E5, total E5 consumption volume would be around 5.357 million cubic meters, or 70 percent of total fuel demand.

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.

PetroVietnam smashes revenue target to hit $9 bln in first five months

The national oil giant has contributed $1.6 billion to the state budget so far this year

Mining for answers on abandoned mines.

In the western United States 160,000 abandoned mines contaminate soils in the region. Researchers hope to solve this problem with biochar, a charcoal-like substance that can reduce the toxic consequences of mining for metals.

CSR holds key to sustainable growth for mining industry

APEC delegates visit a production line in Núi Pháo mine owned by Masan Resources in Thái Nguyên Province’s Đại Từ District.

Vietnamese Govt Calls for Boosting Mining

The Ministry of Industry and Commerce will be responsible for the tasks to solve the decreasing production of this sector, according to official versions of the event, in which the Prime Minister admitted delays in disbursement of Capital for public investment as other problems to be promptly resolved.

PetroVietnam records 10 millionth oil barrel in Algeria

PetroVietnam Exploration and Production Corporation (PVEP) on Monday recorded its 10 millionth oil barrel at Block 433a & 416b of the Bir Seba mine in the Sahara Desert, Algeria.
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