Vietnam is considering scrapping import tariffs on crude oil and minerals.
Investors, especially foreign investors, are lining up to join the project to enhance and expand Dung Quat Refinery despite the uncertain deadline for completing the expansion due to the unapproved environmental impact assessment report.
Vietnam’s state inspectorate has announced several issues involving a salt mining plant in Laos developed by a state-run Vietnamese company which has been struggling to pull the plug on the overseas plan.
Quang Tri Province People’s Committee gave its approval to two companies to develop wind power projects worth a total of VND5.2 trillion (US$221.2 million) in the central province.
Several US toy makers intend to move their production facilities in China to other markets, including Viet Nam, due to concerns about negative effects of the US-China trade war.
Power and aviation companies are among the industries forecast for better things this year, according to industry analysts.
Vietnam hopes to export $10 billion worth of seafood this year, meeting its 2020 goal a year early.
In the first month of the year, Vietnam spent US$20.8 billion on imports, with computers, electronic products and their parts making up the largest proportion at US$3.7 billion, news site Vietnamplus reported, citing statistics from the Ministry of Industry and Trade.
A long-suspended project managed by State-run Thai Nguyen Steel and Iron Corporation (TISCO) saw its total investment skyrocket from the initially approved VND3.8 trillion to over VND8.1 trillion due to poor oversight, according to the Government Inspectorate.