MoIT leader emphasizes need to ensure sufficient fuel, electricity supply in all situations during Tet

(VEN) - Giving a speech at fuel and electricity businesses, Minister of Industry and Trade Nguyen Hong Dien emphasized the importance to ensure sufficient fuel and electricity supply in all situations during Tet (Lunar New Year Holiday).

On the morning of February 6, 2024, Minister of Industry and Trade Nguyen Hong Dien inspected the work to ensure sufficient fuel and electricity supply during the Tet time and extended New Year greetings to some energy enterprises – the Military Petroleum Corporation (Mipecorp), Vietnam Oil and Gas Group (Petrovietnam), Vietnam Electricity (EVN), National Load Dispatch Center (NLDC), Long Bien 220kV Substation, and Petrolimex Tran Quang Khai gas station.

MoIT leader emphasizes need to ensure sufficient fuel, electricity supply in all situations during Tet
Minister of Industry and Trade Nguyen Hong Dien visits, extends Lunar New Year greetings to and inspects the Duc Giang oil depot

During the visits to fuel and oil units, Minister Nguyen Hong Dien acknowledged the achievements of Petrolimex and Mipecorp, and highly appreciated the efforts and sense of responsibility of their leadership and employees in ensuring the supply of goods and organizing sales to meet the consumer needs of the people, contributing to stabilizing market prices as directed by the State.

The Minister emphasized that fuel and electricity are strategic commodities with significance not only for the economy but also for national security and society as a whole. Therefore, the most important goal is to avoid disruptions in supply and prevent any shortage of electricity and fuel in all situations during the Lunar New Year Holiday.

According to the Minister, 2024 is forecasted to be another challenging year for ensuring domestic fuel supply due to the ongoing complex geopolitical situation (increasing strategic competition among major countries, the possibility of prolonged conflicts in Ukraine and Gaza, and potential conflicts in the Red Sea region, which could disrupt supply chains and international trade and global energy flows; OPEC+ continuing to cut oil production; decreasing fuel reserves in the US; and uncertain global economic prospects, etc.), directly impacting global fuel supply and prices. Therefore, companies like the Vietnam National Petroleum Group (Petrolimex) and Mipecorp need to fulfill their role as state-owned enterprises, further develop their networks, be proactive and develop contingency plans to ensure sufficient fuel for the economy in all situations.

MoIT leader emphasizes need to ensure sufficient fuel, electricity supply in all situations during Tet

Minister of Industry and Trade Nguyen Hong Dien delivers directives and extends Lunar New Year greetings to the leadership of Petrolimex

To ensure sufficient and timely supplies of petroleum in the country in 2024 and during Tet, Minister Dien requested that Petrolimex and Mipecorp strictly implement current legal regulations and directives of the Prime Minister, the Government, and the MoIT to ensure enough gasoline and oil supplies to the market during and after Tet.

He suggested that the businesses proactively reflect and propose policy mechanisms or situational solutions to state management agencies to cope with unexpected developments of the world petroleum market and share responsibilities with other trading units.

Regarding recommendations of the two units, the minister stressed that in the areas under the MoIT's authority, the ministry will quickly consider and resolve them, while others that are beyond its authority or outside its scope will be summarized and reported to the Government and competent agencies for consideration to solve the problems.

MoIT leader emphasizes need to ensure sufficient fuel, electricity supply in all situations during Tet

Minister of Industry and Trade visits and works with EVN

During his visits to the National Loading Dispatch Center under EVN and the Long Bien 220kV Substation, Minister Dien recognized the efforts of the group and its units in well performing production and business tasks, ensuring electricity supply for the country's economic development and people's daily use.

The minister advised the units to develop appropriate plans to mobilize power sources, manage and operate power lines safely, minimize incidents; organize duties around the clock; prepare materials, equipment, and means to quickly fix problems (if any); work with local forces to ensure the safety of power systems for fire and explosion prevention, and send daily reports to the MoIT, with a sprit of avoiding any shortage of electricity in all situations during the Lunar New Year Holiday, especially in big cities, political centers, important facilities as well as at big events where people celebrate Tet.

During and after Tet, the electricity sector is urged to keep coordinating with related units and agencies to accelerate construction of power source and grid projects, especially the 500kV circuit-3 transmission line project according to the Prime Minister's directive (by June 30, 2024), other power projects to import electricity from Laos to Vietnam; and implement power supply plans for the dry season 2024. The MoIT is scheduled to have a meeting with enterprises in the electricity sector and related localities on implementation progress of the 500kV circuit-3 transmission line project right after the Lunar New Year Holiday.

By PV

See also

PM praises Hoa Binh

PM praises Hoa Binh's socio-economic achievements

Prime Minister Pham Minh Chinh praised the northern province of Hoa Binh for its socio-economic achievements at a working session with the provincial Party Committee on April 13.
NA Chairman visits China

NA Chairman visits China's Shanghai Free Trade Zone

National Assembly (NA) Chairman Vuong Dinh Hue on April 11 visited China’s Shanghai Free-Trade Zone (SHFTZ) and met with leaders of the municipal People’s Congress and administration of Shanghai as well as the zone.
NA Chairman attends policy, law forum in Shanghai

NA Chairman attends policy, law forum in Shanghai

National Assembly (NA) Chairman Vuong Dinh Hue on April 10 attended a policy and law forum in Shanghai, which was set to promote investment and trade ties between Vietnam and China, as part of his official visit to the neighbouring country.
Prime Minister hosts Vatican foreign minister

Prime Minister hosts Vatican foreign minister

Prime Minister Pham Minh Chinh hosted a reception for visiting Archbishop Paul Richard Gallagher, the Vatican's Secretary for Relations with States and International Organisations, in Hanoi on April 10.
Economic committees of Vietnamese, Chinese legislatures exchange information, experience

Economic committees of Vietnamese, Chinese legislatures exchange information, experience

Chairman of the National Assembly (NA)'s Economic Committee Vu Hong Thanh on April 9 met with Chairman of the Financial and Economic Affairs Committee of the National People’s Congress of China (NPC) Zhong Shan in Beijing within the framework of the official visit to China by NA Chairman Vuong Dinh Hue.
Top legislator receives heads of China’s leading corporations

Top legislator receives heads of China’s leading corporations

Chairman of the National Assembly (NA) Vuong Dinh Hue hosted separate receptions for several leaders of Chinese corporations operating in transport and energy on April 8 as part of his official trip to China.

See more news

New Vietnam-Laos Trade Agreement officially signed

New Vietnam-Laos Trade Agreement officially signed

(VEN) - On the morning of April 8, 2024, in Vientiane, Laos, Vietnamese Minister of Industry and Trade, Nguyen Hong Dien, and Lao Minister of Industry and Commerce, Malaithong Kommasith, signed a new Vietnam-Laos Trade Agreement.
NA Chairman meets with Chinese top leader in Beijing

NA Chairman meets with Chinese top leader in Beijing

National Assembly (NA) Chairman Vuong Dinh Hue had a meeting with General Secretary of the Communist Party of China (CPC) Central Committee and Chinese President Xi Jinping in Beijing on April 8 as part of his ongoing official visit to China.
Vietnamese, Lao officials discuss promotion of energy, mineral ties

Vietnamese, Lao officials discuss promotion of energy, mineral ties

(VEN) - A delegation of the Vietnamese Ministry of Industry and Trade (MoIT) paid a visit to Laos from April 6-8. On April 7, in Vientiane, the capital of Laos, the delegation’s head, Minister of Industry and Trade Nguyen Hong Dien had talks with Lao Minister of Energy and Mines, Phosay Sayasone, to enhance energy and mineral cooperation between Vietnam and Laos.
Vietnam co-chairs 28th ASEAN-RoK dialogue

Vietnam co-chairs 28th ASEAN-RoK dialogue

Deputy Minister of Foreign Affairs, Head of the ASEAN Senior Official Meeting (SOM) delegation of Vietnam Do Hung Viet and Deputy Minister of Foreign Affairs, SOM Leader of the Republic of Korea (RoK) Chung Byung-won co-chaired the 28th ASEAN-RoK Dialogue on April 4.
Vietnam, China step up cooperation between localities

Vietnam, China step up cooperation between localities

Vietnamese Minister of Foreign Affairs Bui Thanh Son and Secretary of the Party Committee of the Guangxi Zhuang Autonomous Region of China Liu Ning discussed measures to further promote relations between Vietnamese ministries and agencies, and Guangxi province of China at their meeting in Chongzuo city on April 3.
Vietnam strengthens economic diplomacy efforts

Vietnam strengthens economic diplomacy efforts

Prime Minister Pham Minh Chinh on April 2 chaired a hybrid conference with Vietnamese representative agencies abroad and provinces and cities nationwide to discuss enhancing economic diplomacy and its role in Vietnam’s development in 2024 and beyond.
PM pushes for faster progress of 500kW circuit-3 transmission line

PM pushes for faster progress of 500kW circuit-3 transmission line

Prime Minister Pham Minh Chinh chaired a teleconference with ministries, agencies, localities and units on April 1 to review the progress of the 500kV circuit-3 power transmission line linking Quang Trach in the central province of Quang Binh and Pho Noi in the northern province of Hung Yen.
Prime Minister works with Japan Business Federation

Prime Minister works with Japan Business Federation

Vietnam always treasures ties with Japan and activities of its investors in the country, Prime Minister Pham Minh Chinh told a delegation from the Japan Business Federation (KEIDANREN) led by Masayoshi Fujimoto and Masayuki Hyodo, Co-chairmen of KEIDANREN’s Japan - Vietnam Economic Committee at a working session in Hanoi on March 28.
Vietnam, Italy beef up trade, investment cooperation

Vietnam, Italy beef up trade, investment cooperation

Vietnamese Minister of Industry and Trade Nguyen Hong Dien held a working session in Hanoi on March 28 with Marco Della Seta, Italian Ambassador to Vietnam and Regina Corradini D’Airenzo, CEO of SIMEST which is responsible for promoting Italian companies' outward investment and providing technical and financial support for investment projects.
Acting President hosts WB Country Director

Acting President hosts WB Country Director

Acting President Vo Thi Anh Xuan hosted in Hanoi on March 27 a reception for World Bank (WB) Country Director for Vietnam Carolyn Turk, who came to say goodbye at the end of her tenure.
View more
Latest Most Read
Q1 sees China, US and Japan as top importers of Việt Nam

Q1 sees China, US and Japan as top importers of Việt Nam's fishery products

China, the US and Japan stood out as the primary importers of Vietnamese fishery products in the first quarter of this year, according to VASEP.
Deputy PM’s visit to further augment Vietnam - Cuba ties

Deputy PM’s visit to further augment Vietnam - Cuba ties

Deputy Prime Minister Tran Luu Quang is scheduled to pay an official visit to Cuba from April 14 to 16, aiming to continue reinforcing multifaceted cooperation between the two countries.
Vietnam’s agricultural products appeal to foreign customers

Vietnam’s agricultural products appeal to foreign customers

Vietnam's agricultural products were sold well in foreign markets in Q1, with a surge in both volume and prices documented.
Majority of enterprises forecast positive performance in Q2 2024

Majority of enterprises forecast positive performance in Q2 2024

Despite difficulties forecast for the second quarter of 2024, many enterprises in the processing and manufacturing industry expect their production and business activities in the quarter will improve, according to a recent survey of the General Statistics Office.
Vietnam ready to ride US investment wave

Vietnam ready to ride US investment wave

Vietnam is on the verge of seeing a massive influx of investments from the US, and stands ready to welcome the wave.
binh dinh a new paradise for sports tourism

Bình Định a new paradise for sports tourism

A series of sports, culture, and tourism events during the 10-day Amazing Bình Định Festival has resulted in a huge number of visitors.
a pilgrimage to find inner peace

A pilgrimage to find inner peace

Địa Tạng Phi Lai Pagoda has become a must-visit site for thousands in the past five years, especially during the Lunar New Year festive season. This spiritual tourism destination charms visitors with its majestic yet serene landscape, tranquillity and unique architectural features.
experts work to have con moong cave recognised by unesco

Experts work to have Con Moong Cave recognised by UNESCO

The cave has been excavated many times and determined to be the oldest site in the country containing traces of ancient humans from the Paleolithic to the Neolithic period, from about 60,000 years to 7,000 BC.
ha noi sees improved performance in hospitality market

Hà Nội sees improved performance in hospitality market

The average room rate increased by 2 per cent quarter on quarter and 11 per cent year on year. Movenpick Hà Nội (four-star) recently resumed its operation after renovation, which supported this increase.
female artists tell stories in strokes

Female artists tell stories in strokes

The exhibition entitled HerStory: Women in Art features 12 paintings and four sculptures by Nguyễn Thị Hoà, Cristina González, Mai Minh Hằng, Nguyễn Thị Thanh Lưu, Nguyễn Thị Thu Hiền and Alix Aymé.
New decrees contribute to perfecting anti-IUU fishing regulations

New decrees contribute to perfecting anti-IUU fishing regulations

The Ministry of Agriculture and Rural Development held a conference in Hanoi on April 11 to popularise new contents in regulations on illegal, unreported and unregulated (IUU) fishing prevention and combat prescribed in newly-issued legal documents.
Revised land law shows fair policy towards OVs: Ambassador

Revised land law shows fair policy towards OVs: Ambassador

Overseas Vietnamese (OV) are thrilled to hear about new provisions in the Land Law (revised) passed recently by the National Assembly (NA), which demonstrates the attention of the Party, the State, the Government, and the NA in ensuring equal rights between OVs and Vietnamese citizens residing inside the country to purchase and own land use right and houses in their homeland, said Vietnamese Ambassador in Hungary Nguyễn Thị Bích Thảo.
New legal documents in second half of March 2024

New legal documents in second half of March 2024

VEN lists the latest legal documents issued by the Vietnamese Government, ministries and state agencies.
Prime Minister issues directive to enhance cybersecurity

Prime Minister issues directive to enhance cybersecurity

Prime Minister Phạm Minh Chính has recently issued a significant directive aimed at bolstering cybersecurity measures. This directive serves to reinforce prior initiatives undertaken by the Prime Minister to fortify cybersecurity across various sectors and regions.
Majority of enterprises forecast positive performance in Q2 2024

Majority of enterprises forecast positive performance in Q2 2024

Despite difficulties forecast for the second quarter of 2024, many enterprises in the processing and manufacturing industry expect their production and business activities in the quarter will improve, according to a recent survey of the General Statistics Office.
Dong Nai expands role of industry promotion collaborators

Dong Nai expands role of industry promotion collaborators

(VEN) - With their efficient performance, industry promotion collaborators in the southeastern province of Dong Nai have helped improve industry promotion activities in the region qualitatively and quantitatively.
Leather & footwear industry to increase local content

Leather & footwear industry to increase local content

(VEN) - The leather and footwear industry, a leading exporter of Vietnam, has reached an average export growth of more than 10 percent per year. The sector set a target of increasing its local content rate to 75-80 percent in 2025.
Gia Lai calls for  private investment in IC infrastructure

Gia Lai calls for private investment in IC infrastructure

(VEN) - Thanks to good support policies, industrial clusters (IC) in the Central Highlands province of Gia Lai are attracting many businesses from the private sector in accordance with the set target of the province.
Vietnam ready to ride US investment wave

Vietnam ready to ride US investment wave

Vietnam is on the verge of seeing a massive influx of investments from the US, and stands ready to welcome the wave.
Government listens to partners, investors

Government listens to partners, investors

(VEN) - At the recent Prime Minister’s meeting with FDI enterprises and Annual Vietnam Business Forum (VBF) held on March 19, 2024, Prime Minister Pham Minh Chinh committed to creating favorable conditions for domestic and foreign investors with the spirit of “harmonious interests, shared risks.”
Vietnam, Latvia enjoy enormous potential for stronger trade, investment links: Ambassador

Vietnam, Latvia enjoy enormous potential for stronger trade, investment links: Ambassador

With good friendship and mutual trust, Vietnam and Latvia hold enormous potential and room for promoting bilateral trade and investment, particularly in such spheres as information technology, agro-forestry-fisheries, pharmaceutical, wood processing, and labour, a diplomat has said.
French businesses interested in Vietnamese market

French businesses interested in Vietnamese market

French enterprises gathered at a recent talk held by the Chamber of Commerce and Industry (CCI) of Nièvre province and the administration of Nevers city to seek investment opportunities and promote economic and trade cooperation with Vietnam.
Banks’ charter capital up,  total asset value down

Banks’ charter capital up, total asset value down

(VEN) - The State Bank of Vietnam’s latest data show that the total charter capital of credit institutions reached more than VND1 quadrillion as of January 31, 2024, an increase of 0.7 percent over the end of 2023. Specifically, state commercial banks reached VND217.882 trillion, equal to the capital they had at the end of 2023; joint-stock commercial banks had VND543.191 trillion, up 0.12 percent from the end of 2023; and joint-venture and foreign banks VND163.165 trillion, the same as that at the end of 2023.
Tax sector

Tax sector's budget revenue increases by nearly 11% in first quarter

The tax sector’s total state budget revenue in the first quarter of 2024 was estimated at 490.2 trillion VND (19.64 billion USD), equal to 33% of the estimate for the year, and 10.9% higher than the figure of the same period last year, the General Department of Taxation announced on April 9.
Over 163,000 new stock trader accounts created during March

Over 163,000 new stock trader accounts created during March

More than 163,000 new stock trader accounts were created during March this year, an increase of over 50,000 accounts compared to January, marking March the month with the most accounts created in the last six months, according to the Vietnam Securities Depository and Clearing Corporation (VSDC).
Vietnam attends ASEAN’s policy dialogue on finance, banking

Vietnam attends ASEAN’s policy dialogue on finance, banking

A Vietnamese delegation led by Deputy Governor of the State Bank of Vietnam (SBV) Pham Quang Dung attended a policy dialogue between central bank governors of ASEAN countries and financial institutions' Chief Executive Officers on April 4 in Luang Prabang, Laos.
Cô Tô calls for actions to prevent plastic pollution in tourism activities

Cô Tô calls for actions to prevent plastic pollution in tourism activities

Authorities have requested local accommodations and tourism businesses to increase the use of environment-friendly and recycled products
UNEP helps monitor plastic pollution in Vietnam

UNEP helps monitor plastic pollution in Vietnam

The Institute of Strategy and Policy on Natural Resources and Environment (ISPONRE) under the Ministry of Natural Resources and Environment and the United Nations Environment Programme (UNEP) are building steps to implement a project on enhancing the capacity of plastic pollution management in Vietnam.
Mekong Delta provinces brace for forest fire threats

Mekong Delta provinces brace for forest fire threats

Many localities in the Cửu Long (Mekong) Delta have raised forest fire warnings because of prolonged dry and hot weather.
Preserving forests is everyone

Preserving forests is everyone's business in Tuyên Quang

Tuyên Quang province has implemented robust mechanisms and policies to effectively harness the potential of its forests. These initiatives have garnered strong support from the local community, leading to improved forest management, protection and development.
Special policies needed to develop semiconductor industry

Special policies needed to develop semiconductor industry

(VEN) - According to Gartner, a leading global technology consulting and research company, the global semiconductor industry is projected to generate over US$620 billion in revenue in 2024 and US$1 trillion by 2030. This industry is considered a core part of the technological competition among nations in the 21st century.
Game design degrees expected to boost industry growth

Game design degrees expected to boost industry growth

With the emergence of university-level courses focusing solely on the gaming industry in recent years, Vietnam is looking forward to a growth boost in the industry for digital economy development in the near future.
Vietnam termed a bright spot in R&D field: RoK newspaper

Vietnam termed a bright spot in R&D field: RoK newspaper

Vietnam is seen a next generation workshop and a growing market to become an advanced research and development (R&D) centre, said an article published by Dong-a Ilbo newspaper of the Republic of Korea (RoK).
Over 20 million cyberattack warnings detected in Q1

Over 20 million cyberattack warnings detected in Q1

More than 20 million cyberattack alerts were uncovered in the first quarter of 2024, up 33% year-on-year, Spokesman of the Ministry of Public Security Lieutenant General To An Xo said at the Government’s regular press conference on April 3.
HCM City boosts partnership with foreign NGOs

HCM City boosts partnership with foreign NGOs

The Ho Chi Minh City Union of Friendship Organisations (HUFO) in coordination with the city's working group for foreign non-governmental organisations (NGOs) held an annual conference with foreign NGOs on April 12 to discuss cooperation orientations for the coming time.
Vietnam sends over 35,900 workers abroad in Q1

Vietnam sends over 35,900 workers abroad in Q1

Vietnam sent more than 35,900 labourers to work abroad under contracts in the first quarter of 2024, according to the Department of Overseas Labour under the Ministry of Labour, Invalids and Social Affairs (MoLISA).
Bến Tre to develop concentrated farming areas, improve produce quality

Bến Tre to develop concentrated farming areas, improve produce quality

Bến Tre Province is restructuring agriculture towards establishing concentrated farming areas to produce high-quality products and improve farmers’ incomes.
PM orders sufficient water for residents during saline intrusion

PM orders sufficient water for residents during saline intrusion

Prime Minister Pham Minh Chinh on April 8 signed an official dispatch asking competent officials to take proactive response to ensuring sufficient fresh water supply for local residents in the Mekong Delta region which has been hard hit by prolonged heat waves and saline intrusion.
Vietnam Airlines to launch direct flights from Hanoi, HCM City to Manila

Vietnam Airlines to launch direct flights from Hanoi, HCM City to Manila

Vietnam Airlines is scheduled to launch direct flights from Hanoi and Ho Chi Minh City to Manila, the Philippines, from June 17.
Military Insurance targets top four spot in non-life insurance market for 2024

Military Insurance targets top four spot in non-life insurance market for 2024

Military Insurance Corporation (MIC) targets to secure a position among the top four non-life insurance markets in 2024, achieving a 33 per cent growth in insurance revenue, a 25 per cent growth in profit compared to 2023, and maintaining a minimum dividend ratio of 10 per cent.
Vietnam a shining example in national brand development

Vietnam a shining example in national brand development

(VEN) - Vietnam has been recognized as a shining example in national brand development, achieving a rapid growth rate in its brand value.
Viettel, VNPT win Vietnam

Viettel, VNPT win Vietnam's first 5G spectrum auctions

The military-run telecom service provider Viettel and the Vietnam Posts and Telecommunications Group (VNPT) have recently won Vietnam's first successful auctions for 5G spectrum licenses, Director General of the Authority of Radio Frequency Management Le Van Tuan told a monthly press conference on April 8.
Female artists tell stories in strokes

Female artists tell stories in strokes

The exhibition entitled HerStory: Women in Art features 12 paintings and four sculptures by Nguyễn Thị Hoà, Cristina González, Mai Minh Hằng, Nguyễn Thị Thanh Lưu, Nguyễn Thị Thu Hiền and Alix Aymé.
Vietnamese bread tops TasteAtlas world

Vietnamese bread tops TasteAtlas world's 100 tastiest sandwiches rankings

Bread was first made popular in Việt Nam by the French since 1859, but a source from the HCM City’s Tourism Department said it could have been present in the country earlier than that, through trade and commerce with Europeans.
Phu Tho launches “Returning to the UNESCO Heritage Site” tour

Phu Tho launches “Returning to the UNESCO Heritage Site” tour

(VEN) - On the occasion of the Hung King’s Death Anniversary and the Hung Temple Festival 2024, Phu Tho Province launched the tour “Returning to the UNESCO Heritage Site.”
Programmes and policies improve Khmer people’s livelihood

Programmes and policies improve Khmer people’s livelihood

The southern province of Sóc Trăng has the highest concentration of Khmer people in Việt Nam, accounting for 30 per cent of their total population. The implementation of the socialisation policy for housing in the locality has achieved positive results, addressing the issue of housing for impoverished Khmer households, while solving social welfare problems and reducing poverty.
Sun Group

Sun Group's journey helps promote Da Nang's culinary essence globally

Following Hanoi and HCM City, Da Nang will be the third city to be awarded the "rising star" status by the Michelin Guide, with the partnership of Sun Group as the destination partner.
A pilgrimage to find inner peace

A pilgrimage to find inner peace

Địa Tạng Phi Lai Pagoda has become a must-visit site for thousands in the past five years, especially during the Lunar New Year festive season. This spiritual tourism destination charms visitors with its majestic yet serene landscape, tranquillity and unique architectural features.
Experts work to have Con Moong Cave recognised by UNESCO

Experts work to have Con Moong Cave recognised by UNESCO

The cave has been excavated many times and determined to be the oldest site in the country containing traces of ancient humans from the Paleolithic to the Neolithic period, from about 60,000 years to 7,000 BC.
Quang Ngai Tourism Week 2024 to take place from April 22 to May 5

Quang Ngai Tourism Week 2024 to take place from April 22 to May 5

The Quang Ngai Tourism Week 2024 will take place from April 22 to May 5.
Mobile Version