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Vietnam Coal - Minerals Industry Group (Vinacomin) informed that, in February 2021, with drastic direction in urgently implementing measures to prevent epidemics Covid-19 pandemic and actively promoting production from the first days and the first months, all Vinacomin activities are stably sustainable with basically ensuring the planned production targets.

The electricity sector in 2017 will strive to prevent the power tariff from stirring controversy, said Hoang Quoc Vuong, Deputy Minister of Industry and Trade.

In 2014, operation of the drilling rigs of the PetroVietnam Exploration Production Corporation (PV Drilling) continued  stably with a productivity of over 99%.

Vietnam National Coal and Mineral Industries Group (Vinacomin) informed that despite April was a peak month in the Covid-19 pandemic prevention by direction of the Prime Minister on the social spacing, the Vinacomin maintained stably the production and business activities and also well controlled and carried out the pandemic prevention. 

“Oil prices reduced and maintained at a low level make a lot of difficulties for the petroleum searching, exploring and exploiting companies to deploy exploring projects; for the processing companies to compete with import products; and, specially,  for the service companies due to reducing amount of work and service cost. However, PVN still keeps the good production and business rates” Mr. Nguyen Quoc Khanh, PVN Communist Party Committee Secretary and Member Council Chairman expressed at the forth conference of the Party Executive Committee (2015 – 2020 term).

PetroVietnam Drilling & Well Services Corporation (PV Drilling) (Securities Code: PVD) said that it is estimated that business results in the 3rd quarter of 2015, in which profit after tax is estimated at 567 billion VND, decrease 5.0% over the same period (Q3 / 2014) but increased by 7.9% comparing to the previous quarter (Q2 / 2015). 

The National Load Dispatch Center was established on April 11, 1994 to carry out necessary preparations for putting the North-South 500kV ultra-high voltage power transmission system into operation. The center is responsible for guiding and managing power generation, transmission and distribution activities within the national grid to achieve optimal technical and economic effectiveness, ensuring uninterrupted and safe operations of the national grid.

In the first 6 months of 2022, Vietnam Coal and Mineral Industries Group (Vinacomin) has exceeded the set-out plan on coal production and sale for ensuring not to break the coal supply chain for power generation and economic development and to contribute to the national energy security guarantee.

 At the Party Congress of the Vietnam Oil and Gas Group (PVN) in 2020-2025 term, on June 9,2020, in Hanoi, Mr. Le Manh Hung - PVN General Director proposed a target to decrease  average cost of the crude oil exploitation for being able to stand steady (even if the crude oil price falling to 30 USD / barrel).