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National flag air carrier still cannot use Dung Quat’s oil

Meeting all the domestic and international standards, Jet A1 petrol made by Dung Quat Oil Refinery has been provided to some partners and has served 100 successful flights carrying specialists, engineers and workers from mainland to the oil rig in Vung Tau over the last many months.

Petrol business - a burning issue

At a recent online conference held by the Ministry of Industry and Trade (MoIT), many petrol wholesalers across the country mentioned a host of difficulties in petrol business management. The Director of the Ba Ria-Vung Tau Department of Industry and Trade, Tran Thi Huong said during the time of adjusting petrol prices, several petrol stations had to close, leading to a drop of 70 percent in petrol supply.

South seeks more US investors

The forum is one of many activities being held to mark 15 years of Viet Nam-US normalisation of relations and 10 years of the Viet Nam-US Bilateral Trade Agreement. The region consists of HCM City and Dong Nai, Binh Duong, Ba Ria-Vung Tau, Tay Ninh, Binh Phuoc, Tay Ninh, Long An and Tien Giang provinces. It plays an important role in the country's economy since it annually contributes 60 per cent to the State budget, 70 per cent export turnover and tops the list of foreign direct investment.

Dung Quat Refinery to officially open next week

The more-than-US$3 billion refinery has the capacity to refine 6.5 million tonnes of crude oil - 30 per cent of the country's total domestic demand - each year. Its products include liquefied petroleum gas , A95 and A92 petrol, kerosene, diesel, fuel oil and Jet A1. The refinery has taken delivery of 7.6 million tonnes of crude oil from the Bach Ho Oil-field off southern Vung Tau Province since it began working.

Vietnamese wins numerous world’s creative awards

Thao, General Director of the Ba Ria-Vung Tau Drainage and Urban Development Ltd. Co, won five awards from the Vietnam Fund for Scientific and Technological Creations (VIFOTEC) in 2004, 2005, 2007, 2008 and 2009, and four Techmart ASEAN+3 gold prizes in 2008.

Resort projects out of control

Five years ago, there were only a few resorts, such as the Mui Ne Domaine, the Nam Hai in central Binh Thuan Province, or the Indochina Riverside Tower in central city of Da Nang, as well as some others in the beach cities of Nha Trang and Vung Tau. These projects were all foreign-invested. Starting in 2009, however, domestic companies started getting into the act.

More opportunities for Vietnamese goods to enter Europe

Following the Israel-based ZIM firm, four other ship liners namely Cosco, K’line, Yangming and Hanjin have added Cai Mep deepwater port in the southern province of Ba Ria-Vung Tau into the list of cargo transshipment terminals in their voyages from Asia to Europe.


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