Economy

30/11/2023

Oil and Gas - The “driving force” of Vietnam's economy

(VOVWORLD) - On November 27, 1961, the first oil and gas organization in Vietnam, the Oil Exploration Brigade, was established. Over more than six decades with numerous ups and downs, generations of oil and gas workers have exerted efforts and determination to fulfill President Ho Chi Minh's aspiration to "develop a strong oil and gas industry." Today, the Vietnam oil and gas industry, led by the Vietnam Oil and Gas Group (Petrovietnam), has made significant strides, becoming the "driving force" of Vietnam's economy.

28/11/2023

Vietnam increasing green seaport development

(VOVWORLD) - Vietnam began piloting developing and connecting green seaports early this year as part of its logistics service chain before making it mandatory in 2030. Southeastern provinces and cities that enjoy maritime transportation advantages are striving to balance economic development and environmental protection.

27/11/2023

Petrovietnam exceeds output, production, financial targets

(VOVWORLD) -On November 22, 2023, Vietnam Oil and Gas Group (Petrovietnam) exceeded domestic crude oil exploitation output, petroleum production, financial targets and fulfilled the plan to increase oil and gas reserves in 2023.

21/11/2023

Connectivity increased to promote sale of farm produce in Thua Thien Hue province

(VOVWORLD) - In recent years, Nam Dong and A Luoi mountain districts of Thua Thien Hue province have organized market sessions regularly at weekends to boost the sale of local agricultural products, preserve local cuisine, and promote local traditional cultural tourism.

15/11/2023

Despite falling oil prices, Petrovietnam’s revenue peaks in October

(VOVWORLD) - The Vietnam National Oil and Gas Group (Petrovietnam) recorded the highest revenue in October as compared to other months since the beginning of the year, helping the group operate in the black and accomplish assigned financial targets in 2023 to mid-November. This was confirmed by General Director of Petrovietnam Le Manh Hung during a regular briefing in November with leaders of the Group's member units the review the production and business activities in October, the first 10 months of the year and plans for the rest of the year.

14/11/2023

Quang Ninh leads Vietnam in FDI attraction

(VOVWORLD) - As of October, Quang Ninh province had attracted more than 3 billion USD in FDI flow, becoming a leader in FDI attraction in Vietnam. The province has made strong efforts to drastically reform the local investment environment over the past few years.

07/11/2023

Mekong Delta’s tra fish industry promotes toward circular economy model

(VOVWORLD) - The Mekong Delta region has more than 6,000 hectares of tra fish farming, harvesting an output of 1.5 million tons. Tra fish is one of Vietnam’s key seafood export items. Last year, Vietnam earned 2.4 billion USD from exporting tra fish to 140 markets. To adapt to climate change and reduce emissions in tra fish production, the Mekong Delta is moving toward a circular economy model by applying technical advances in processing, preserving and transportation to improve its sustainable economic value.

31/10/2023

Vietnam greenifies its rubber industry

(VOVWORLD) - In early October the Vietnam Rubber Group announced its Green Growth and Sustainable Development Strategy until 2030, with a vision to 2050, to realize its development goals in alignment with environmental protection and at the same time meeting strict requirements of import markets. Many rubber businesses are pursuing a greening strategy to create competitive advantages and enhance their brand value in the market.

19/10/2023

Hung Yen promotes its OCOP brand

(VOVWORLD) - Implementing the "One Commune One Product" (OCOP) program, Hung Yen province has developed high-quality agricultural products for each locality, enhancing links in production chains in order to develop a sustainable rural agricultural economy.

17/10/2023

Support strengthened to promote sales of farm produce in mountain, remote areas

(VOVWORLD) - In recent years, localities nationwide have paid special attention to helping farmers in remote, ethnic minority areas to sell their agricultural products. Trade promotion has expanded the market for local products, especially those of ethnic minority groups in mountain areas.