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Ministry of Industry and Trade
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Installed solar power capacity exceeds plan: government inspectors
The capacity of solar power projects in Vietnam has exceeded a government-approved plan by 10-fold, inspectors have found.
Xuyen Viet Oil's violations expose gaps in fuel sector
Fuel distributor Xuyen Viet Oil violated regulations but managed to conceal it besides defaulting on taxes worth VND1.5 trillion (US$62 million).
Competition from Chinese investors a concern for domestic supporting industries
Vietnamese businesses lacking economies of scale could suffer from competition from China, Dr. Phan Dang Tuat, president of the Vietnam Association for Supporting Industries, said.
December 21, 2023 | 07:15 pm PT
Deputy trade minister arrested for taking bribes in oil trading company scandal
Vietnam's deputy trade minister was arrested for alleged violations regarding an ongoing case of bribery, power abuse and mismanagement of state assets involving an oil trading company.
December 21, 2023 | 02:21 am PT
Completing new power plant takes up to four years: analyst
It takes three to four years to complete a new power plant in Vietnam due to hurdles in land acquisition and government-private firm negotiation, an analyst has said.
June 15, 2023 | 06:03 pm PT
Northern hydropower dams remain dry
Many hydroelectric dams in the north continue to languish without water, and have been forced to either stop power generation or run well below capacity.
June 13, 2023 | 08:47 pm PT
EU relaxes food safety regulation for Vietnamese instant noodles
Vietnamese instant noodle products imported into the European Union (E.U.) market will not be required of certificates of food safety inspection issued by Vietnam’s authorized agencies from June 27.
June 11, 2023 | 08:09 pm PT
Industry and Trade Ministry tosses fuel price ball back into Finance Ministry's court
The Ministry of Industry and Trade wants the Ministry of Finance to regulate gasoline prices and not itself as proposed by the latter a few weeks ago.
January 8, 2023 | 05:38 pm PT
Fuel reserve too small for safety: industry ministry
Vietnam’s fuel reserves are too meager to meet actual demand, and a large increase is needed to ensure fuel security, the Ministry of Industry and Trade has warned.
August 12, 2022 | 11:45 pm PT
Ministry wants social networks used to sell goods treated as online marketplaces
Social networks that enable trading of goods should be regulated like e-commerce trading platforms, a draft decree by the Ministry of Industry and Trade proposes.
January 18, 2021 | 05:05 am PT
12 ailing state-managed projects mired in $2.7 bln debt
Several state-owned companies have lost money and piled up over VND63.3 trillion ($2.73 billion) worth of debts as a result of poor execution of 12 factory construction and expansion works.
October 11, 2020 | 08:59 pm PT
Multi-level marketing firms’ revenues rise despite fewer participants
The number of participants in multi-level marketing declined by 12 percent in 2019 though sales rose by 16 percent.
August 25, 2020 | 12:33 am PT
Ministry says no to suspension of petroleum imports
The trade ministry has rejected a proposal that Vietnam stops importing petroleum, saying large domestic inventories cannot negate other factors like international commitments.
May 16, 2020 | 02:21 am PT
Financial sector elicits most complaints in Vietnam
Banking, finance and insurance were the three industries to receive the most customer complaints in 2019, the Ministry of Industry and Trade has reported.
February 6, 2020 | 10:36 pm PT
Petrovietnam profits drop despite revenue surge
State-owned oil giant Petrovietnam saw consolidated pre-tax profits fall 13.4 percent year-on-year to VND43.8 trillion ($1.89 billion).
January 10, 2020 | 09:00 pm PT
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