Natural gas exploitation reached an estimated 5.3 billion cubic metres in the first six months (Illustrative image. Source: VNA)
Hanoi (VNS/VNA) - Crudeoil output reached 7.1 million tonnes in the first six months of this year andin doing so hit 54.3 percent of the annual target.
According to the Ministry of Industry and Trade (MoIT), prices and consumptionof crude oil and some minerals had increased over the same period last year.
Most units in the industry had met their targets in the first half of thisyear, creating momentum for the rest of 2018.
Specifically, natural gas exploitation was estimated at 5.3 billion cubicmetres, up 1 percent; and liquefied gas reached 437.600 tonnes, up 18.5 percenton-year.
The average price of crude oil in the first six months increased by 36 percentover the same period last year to 73 USD per barrel.
The hike helped the Vietnam Oil and Gas Group (PVN) exceed its target, whichwas higher than last year.
The MoIT said that clean coal production was estimated at 22.42 million tonnesin the first six months, up 11.1 percent on-year.
The Vietnam National Coal – Mineral Industries Holding Corporation Limited(Vinacomin) accounted for 19.37 million tonnes, up 10.5 percent.
Due to favourable weather for the coal mining industry, the ministry said thatthe production index of the industry had increased.
Consumption had also increased while the inventory had decreased compared tothe beginning of the year.
Vinacomin’s inventory was 6.55 million tonnes by June 30, down 2.47 milliontonnes from the beginning of the year.
"However, the second half of the year is the rainy season, so mining willbe more difficult. Taxes and fees related to coal production have continued toincrease in recent years, leading to rising production costs and lowercompetitiveness," said the ministry.
For other minerals, apatite ore mining reached about 1.45 million tonnes in thefirst six months, down by 6.3 percent over the same period, while aluminumproduction was at 578,900 tonnes, up 95.6 percent.-VNS/VNA
The Government has issued Decree No. 95/2015/ND-CP detailing a number of articles stipulated in the Petroleum Law and related laws on ensuring safety in oil and gas exploration and exploitation.
Vietsovpetro, a Vietnam – Russia joint venture, held a ceremony on August 12 to mark its 35th founding anniversary and 30 years since its first tonne of crude oil was exploited.
The Vietnam National Coal-Mineral Industries Group (Vinacomin) and the Japan Oil, Gas and Metals National Corporation (Jogmec) on May 29 agreed to enhance production capacity and safety.
Vinacomin must cut costs to become competitive and find buyers for its stockpile of 9.3 million tonnes of coal, Prime Minister Nguyen Xuan Phuc’s working group said.
Foreign Ministry Spokesperson Le Thi Thu Hang on July 28 replied to reporters’ question about recent opinions and information relating to Vietnam’s oil and gas activities, clarifying that those activities are conducted in the waters completely within the country’s sovereignty.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
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.
Natural gas exploitation reached an estimated 5.3 billion cubic metres in the first six months (Illustrative image. Source: VNA) 
