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The Ministry of Industry and Trade has officially handed over the ownership rights of the State capital at 6 groups and corporations under the Ministry as the Electricity of Vietnam (EVN) Petro Vietnam (PVN), Vietnam National Coal and Mineral Industries Holding Corporation (Vinacomin), Vietnam National Chemical Group (Vinachem), Vietnam National Petroleum Group and Vietnam National Tabaco Corporation (Vinataba) to the State Capital Management Committee at the enterprises.

Minister of Industry and Trade (MOIT) Tran Tuan Anh has signed the Directive No 04/CT-BCT on strengthening state management and executing the regulations of the laws on hydropower activities with the aim to achieve an active change in state management and law regulation executing of the relevant agencies, companies on planning, investing, building and operating hydropower projects with safe power generation, socio-environmental protection and general exploitation efficiency.

E5 petrol producers and distributors need more State support to sell the product on the local market due to the numerous difficulties they face, the Vietnam Petroleum Association said.

Prime Minister Pham Minh Chinh has just signed and the Decision No. 1455/QD-TTg, dated September 2, 2021 on strengthening the State Steering Committee for the key petroleum projects.

According to PVN restricting project, the Vision 2030, State of Vietnam still holds 100% charter capital of PVN Group and the Trade Name of the group remains Petrovietnam.

In the first seven months of this year, PVN has paid to the state budget VND 61.8 trillion, exceeding 46% of its seven-month plan and equal to 83% of the year's plan.

Prime Minister Pham Minh Chinh has just signed Decision 1447/QD-TTg dated November 22, 2023, to establish the State Steering Committee for important national and key energy projects.

Deputy Prime Minister Le Van Thanh, Head of the State Steering Committee for the key oil and gas projects has just signed Decision No. 11/QD-BCDNNDK dated January 19, 2022 promulgating the Operational Regulations of the Steering Committee for assisting the Government and Prime Minister to direct implementing the key oil and gas projects.

The Nghi Son refinery plant in the  Nghi Son Economic Zone of the central province of Thanh Hoa, is expected to contribute about 8 trillion VND (342.6 million USD) to the State budget in 2018. 

The Ministry of Industry and Trade (MOIT) has just issued Decision No. 15/QD-BCT, dated January 3, 2024 on establishing the Office of the State Steering Committee for the important national main point programs and projects in the energy sector.

Hanoi, 26 Sept 2023, Solar Electric Vietnam JSC (SEV)- a Vietnam leading EPC contractor in the solar market, has signed a comprehensive agreement with Huawei and JJ-Lapp with the purpose of applying cutting-edge technology from Huawei and JJ-Lapp for its future solar rooftop projects.

The Vietnam Oil and Gas Group (PVN) contributed nearly 60 trillion VND (2.59 billion USD) to the state budget in the first seven months of 2019, seven percent above its target.

Mr. Nguyen Hong Dien - Minister of Industry and Trade (MOIT) and Mr. Nguyen Hoang Anh - Chairman of the Committee for the Management of State Capital at Enterprises (the Committee) had a working meeting with the state-owned groups in the energy field as the Electricity of Vietnam (EVN), Vietnam National Coal and Mineral Industries Group (TKV) and Petroleum of Vietnam (PVN).

In the report to the National Steering Committee for Electricity Development, Electricity of Vietnam (EVN) proposed a mechanism to assign state corporations for the pilot investment in offshore wind power projects (There is reason to invest in the areas related to the national security, new technology and complex construction). On the experience basis, the Government should direct to establish a mechanism to select investors in the form of socialization.

The Committee for Management of State Capital at Enterprises (Committee) has just submitted to the Prime Minister for approval of the Project on restructuring the Electricity of Vietnam (EVN) in the period of 2021 - 2025. In this, the Committee proposed that EVN should hold 100% charter capital at the power transmission and distribution corporations, Thu Duc Thermal Power Company Limited, and proposed to terminate the operations of the National Load Dispatch Center (A0) and Thai Binh Thermal Power Company and Vinh Tan 4 Thermal Power Plant...