A VinFast SUV was unveiled at the 2021 L.A. Auto Show in Los Angeles. Vietnam’s Vingroup JSC VIC -4.48%▼ became a corporate juggernaut in its home country, operating everything from Continue Reading
At CES 2022, Vietnam-based VinFast announced its new development strategy and revealed its complete electric vehicle lineup covering five segments. VinFast said will stop producing vehicles with internal combustion engines Continue Reading
ExxonMobil (XOM.N) is continuing preparatory work for its Ca Voi Xanh (Blue Whale) gas project in Vietnam, it said on Monday, with a final investment decision dependent on factors including Continue Reading
The World Health Organization’s representative in Vietnam said the coronavirus mutation first detected there does not meet the global health body’s definition of a new variant, although it is still Continue Reading
Vietnam is poised to actively venture into Africa to secure a regular dose of light and medium sweet crude supply for the coming years, as the country’s domestic crude production Continue Reading
Japan approved a plan to help finance a long-planned coal power plant in Vietnam, despite the government’s pledge to curb overseas investments in dirtier technology and cut emissions at home. The Continue Reading
Vietnam is preparing to evacuate nearly 1.3 million people as it braces for the impact of typhoon Molave, which lashed the Philippines overnight causing flooding, landslides and leaving at least Continue Reading
Under a pitch-black night sky, a group of Vietnamese farmers planted rice this week in a paddy field on the outskirts of the capital Hanoi using head lamps to illuminate Continue Reading
Ho Chi Minh City, Vietnam’s biggest metropolis, faces an increasing risk of flood disasters given rapid infrastructure expansion driven by economic growth, according to McKinsey Global Institute. The chance of such Continue Reading
Businessman Phan Quoc Viet was making his usual prayers at a pagoda in Tay Ninh, a province in southern Vietnam when the government official’s call came. It was late January, Continue Reading
For months earlier this year, Vietnamese officials tracking the operations of a Chinese oil-and-gas survey ship off their country’s coast in the South China Sea sent urgent communications to Beijing, Continue Reading
Vietnam has become a hot spot for energy investors eying a spend of up to $150 billion over the coming decade to meet surging power demand, with coal set to Continue Reading
As the U.S. finds itself embroiled in a host of problems around the world, from trying to convince North Korea to come back to the bargaining table, to ramping up Continue Reading
Vietnam’s 148,000 b/d Dung Quat refinery has received its first cargo of US crude oil, an official at refinery operator Binh Son Refining and Petrochemical said Wednesday. The Suezmax vessel Continue Reading
This GFS model shows a simulation of temperatures in degrees Celsius on Saturday afternoon in southeastern Asia. (TropicalTidBits.com) Vietnam broke its record high national temperature Saturday, the latest in records Continue Reading
Vietnam can’t seem to get a break. The country lies just beneath China, its giant neighbor to the north, and shares many of the same socialist ideals that Beijing promulgates. Continue Reading
Hanoi — Vietnam’s imports of crude oil soared in November while its exports fell amid lower domestic production. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Continue Reading
Depleting mature fields and lack of new exploration and investment will result in Vietnam’s crude oil production declining by 10 percent every year until 2025, the state-run Vietnam Oil and Continue Reading
Vietnam’s economy is this year set to exceed the government’s growth forecast, which was predicting a healthy rise of 6.7 percent, VOA reported recently, citing a government statement. The reason Continue Reading
Vietnam boosted imports of crude oil in July as the 200,000 b/d refinery at Nghi Son was preparing for trial runs of 100% capacity in September. Receive daily email alerts, Continue Reading
Vietnam exported 313,503 mt (76,599 b/d) of crude oil in June, down 67.5% from a year earlier, according to preliminary customs data released Wednesday. Receive daily email alerts, subscriber notes Continue Reading
As China tightens the noose over Vietnam’s ability to drill for oil and gas in its own UN-mandated 200-nautical mile Exclusive Economic Zone (EEZ), the country is turning to solar Continue Reading
Some oil blocks off Vietnam’s sprawling coastline fall within an area of the South China Sea demarcated by China’s “nine-dash line”, the basis for Beijing’s controversial claims to most of Continue Reading
At the EIC Energy Vietnam Conference held today in Ho Chi Minh City (Saigon), there was considerable talk from a multitude of players discussing in length oil and gas development Continue Reading
Russia’s Rosneft earlier this week announced that it had started drilling a production well off the coast of Vietnam in the South China Sea. Today, two sources close to the Continue Reading
Vietnam has suspended a second oil drilling project in the South China Sea in less than a year, after pressure from China which claims a large swath of the sea, Continue Reading
The trial is part of a crackdown on corruption and mismanagement in the energy and banking industries, which began after the security authorities of the country were given more influence Continue Reading
Vietnam was unable to export 2 million mt of coal to China this year as the latter set strict specification for mercury, arsenic, phosphoric, chlorine and fluorine content in imported Continue Reading
The drilling ship at the center of a row between Vietnam and China over oil prospecting in disputed waters in the South China Sea has arrived in waters off the Continue Reading
Russian oil producer Rosneft highlighted its focus on operations offshore Asia by boasting of its future exploration and production plans for Vietnam. The Vietnamese subsidiary said it was marking 15 Continue Reading
Vietnam’s national oil and gas company PetroVietnam has said that its crude oil output is likely to go down sharply in the future due to the difficulties it is facing Continue Reading
PetroVietnam’s joint venture with Venezuela’s state-run oil company PDVSA remains stalled but the Vietnamese company hopes ongoing talks will lead to reactivation of operations, a top executive for the company Continue Reading
PetroVietnam Oil Corp., Vietnam’s sole crude exporter, said it’s in talks to sell as much as 40 percent to strategic investors and expects to narrow down to a list of Continue Reading
Vietnam is seeking about $1.2 billion in overseas loans for its only oil refinery before a share sale in 2017, to increase output and meet demand in one of Southeast Continue Reading
Vietnam’s coal imports surged 141% year on year to 1.31 million mt in July, customs data released Monday showed. Traditionally a coal exporter, Vietnam turned into an importer amid rising Continue Reading
Vietnam’s government on Thursday said it had told China to pull an oil rig from waters between the two countries that haven’t been demarcated and urged Beijing not to drill Continue Reading
Pirates released a Vietnamese oil tanker and its 18 crew members yesterday after siphoning part of its diesel cargo, according to the coast guard. The Sunrise 689, which left Singapore on Oct. 3 before vanishing from radar for five days, was about 70 nautical miles from Hon Khoai off Vietnam’s southern province of Kien Giang, said Dao Van Quang, chairman and chief executive officer of Hai Phong Sea Product Shipbuilding Co., the registered owner. It’s expected to reach Phu Quoc island today, said Rear Admiral Ngo Ngoc Thu, Vietnam Coast Guard’s vice commander. “The waters have never been secure for ships,” Thu said by phone. “In particular, the waters bordering Vietnam and Malaysia are not safe. Although all countries in the region have tried to keep them safe, hijackings still happen.” Ship hijackings are rising in , with at least six cases of coastal seizing of cargoes since April, […]
Vietnam and India have struck a deal to expand oil and gas exploration and production in the South China Sea, despite previous Chinese claims that it violates China’s sovereignty. European Pressphoto Agency HANOI—Vietnam and India agreed Monday to expand cooperation in oil and gas exploration and production in contested waters of the South China Sea, despite previous objections from China. The agreement between ONGC Videsh Ltd. and Vietnam Oil and Gas Group, or PetroVietnam, was among several signed between the two countries in Hanoi Monday as part of a four-day visit to Vietnam by Indian President Pranab Mukherjee. "ONGC has been conducting oil and gas exploration and production in Vietnam for many years, and today’s agreement will pave the way for us to extend our cooperation in other blocks offshore Vietnam," Do Van Hau, PetroVietnam’s chief executive, told The Wall Street Journal. ONGC already has a stake in a […]
Vietnam’s official media reports a request was sent to the Chinese side asking they remove the oil rig positioned in disputed maritime territory. China in early May dispatched an oil rig to waters claimed by both the Chinese and Vietnamese governments. A second rig was reportedly sent to the region last week. Both sides have met in Hanoi to discuss the situation, though each side blames the other for the lingering tensions. The official Vietnam News reported Sunday surveillance vessels were still operating within 10-12 nautical miles of the first rig. "[They] conducted communication actions requesting the Chinese side to withdraw the rig and ships from Vietnamese waters," the Sunday report said. The report said Chinese vessels positioned around the rig fired water cannons and rammed Vietnamese boats in the region, causing "many" injuries. Pro-government China Daily published a Sunday editorial suggesting Vietnam was painting itself as the victim […]
BEIJING (AP) — China said Thursday it is moving a second oil rig closer to Vietnam’s coast, showing its determination to press its territorial claims and continue searching for resources in disputed waters despite a tense confrontation with Vietnam over another oil rig to the south. The 600-meter (1,970-foot) -long rig is being towed southeast of its current position south of Hainan Island and will be in its new location closer to Vietnam by Friday, the Maritime Safety Administration said on its website. It asked vessels in the area to give it a wide berth. Vietnam isn’t expected to react strongly to the placement of the second rig because it lies far to the north of the politically sensitive waters surrounding the Paracel Islands, where ships from the two countries have been ramming each other for more than 40 days near the first oil rig. A Vietnamese Foreign Ministry […]
This video grab image taken on June 1, 2014, from a Vietnam Coast Guard ship shows the Chinese Coast Guard ship chasing a Vietnamese vessel near the site of the Chinese oil rig in the disputed waters in the South China Sea. Agence France-Presse/Getty Images China and Vietnam will hold high-level talks on Wednesday as relations remain strained over the deployment in early May of a Chinese drilling platform to waters claimed by Hanoi and Beijing. The meeting between Chinese State Councilor Yang Jiechi and Vietnamese Foreign Minister Pham Binh Minh in Hanoi will be the first official contact between the Asian neighbors after more than six weeks of angry confrontations. While neither side is likely to back down in their dispute over the Paracel Islands and the surrounding waters of the South China Sea, the diplomatic opening is the first sign that Beijing and Hanoi are seeking to […]
A Vietnamese surveillance agency said Wednesday an oil rig stationed by China in disputed waters has moved under guard by six warships. The official Vietnam News reports the rig has moved east-southeast. It’s accompanied by six warships, 13 cargo vessels and 19 tugboats. The Vietnam Fisheries Surveillance Department said Chinese fishing boats in the area, accompanied by two Coast Guard vessels, have been circling Vietnamese fishing boats in what the official news agency said were traditional fishing grounds near the rig. Tran Van Hang, chairman of the External Relations Committee at the Vietnamese National Assembly, sent a letter Tuesday to lawmakers saying China’s actions were provocative. "Peace, stability, security, maritime and aviation safety and freedom in the East Sea are being seriously threatened," his letter read. China this week sent a letter to U.N. Secretary-General Ban Ki -moon saying the rig was deployed in its territorial waters, a claim […]
A Chinese vessel near the oil rig in disputed waters in the South China Sea. Agence France-Presse/Getty Images China told the United Nations that Vietnam is the aggressor in the countries’ monthlong standoff over a Chinese oil rig in disputed waters, defending Beijing’s conduct and postitioning itself as the victim in the conflict. Despite Beijing’s shunning of international forums when it comes to dispute resolution, Chinese officials on Monday sent U.N. Secretary-General Ban Ki-moon what it called a position paper detailing Vietnam’s "illegal disruption" of the "routine" activities of an offshore drilling platform that China deployed near the Paracel Islands in May. China maintained its resistance to seeking a multilateral resolution in the dispute, but the approach suggested that Beijing is growing uneasy about the damage its reputation has suffered from the spat with Vietnam and from a similar dispute with the Philippines, both of which have characterized China […]
Vietnam has rammed Chinese vessels near an oil rig in disputed waters more than 1,000 times since early May, the Chinese Ministry of Foreign Affairs said. China started drilling operations near the Xisha Islands in the South China Sea in early May. The Vietnamese government said the program is a violation of its sovereignty. In a statement Sunday, the Chinese Ministry of Foreign Affairs said the Vietnamese have harassed its vessels in the area repeatedly since drilling operations began. "There were as many as 63 Vietnamese vessels in the area at the peak, attempting to break through China’s cordon and ramming the Chinese government ships for a total of 1,416 times," the statement said. The ministry said Chinese oil companies have been working in the region for the past 10 years. Drilling operations near the islands, it said, are part of a "routine" exploration process. Vietnamese […]
Vietnam’s prime minister charged that China "seriously threatened peace" by parking its oil rig in disputed waters, as Hanoi tried to coax foreign businesses to stay in the country after a destructive spate of anti-Chinese riots. Taiwan rejected a compensation plan sketched out by Vietnamese Prime Minister Nguyen Tan Dung for factories burned and looted in the unrest last week, and a Taiwanese steel company threatened not to resume building what would be Southeast Asia’s largest steel mill, underscoring the challenge for Vietnam in restoring its allure as a manufacturing center. "The Vietnamese government must give us a firm and clear assurance that our staff, including our contractors, and our assets will be fully protected in the future," said Lin Hsin-I, chairman of Formosa Ha Tinh Steel, whose site was one of the worst hit. "Otherwise we won’t continue to build the plant." Formosa Ha Tinh Steel is a […]
The situation surrounding China’s decision to send an oil rig into waters disputed with Vietnam is growing unpredictable, a Vietnamese legislator said Tuesday. Members of the Vietnamese National Assembly met Tuesday in Hanoi to discuss National Offshore Oil Corp. to deploy rig HD-981 about 120 miles off the coast of Vietnam. National Assembly Chairman Nguyen Sinh Hung said the situation in the South China Sea was getting complicated. "China’s recent deployment of a giant oil rig and its protective armada in Vietnam’s [exclusive economic zone] seriously violates Vietnam’s territorial sovereignty," he said . A government report submitted Tuesday to the assembly says Vietnam reserves the right to maintain a posture of self-defense in the event the situation escalates. China says it’s operating within its territorial waters. The U.S. government has weighed in , saying it has no stance on claims to the South China […]
The crews from the Vietnamese and Chinese coast guards shook hands and took photos as they met last month, sharing platters of fruit and raising their glasses for a toast. Now, they are in a tense standoff in the South Sea. “The two sides were very happy and united,” Lt. Colonel Phan Duy Cuong, the operations assistant of Vietnam’s Coast Guard Command, said of the April 15 ceremony. “We toasted each other with wine. They went on our boat and we went on theirs.” Ships No. 8003 and 2007 sailed alongside two Chinese coast guard vessels for three days in the Gulf of Tonkin. A month later, at least one of those Chinese boats has been spotted helping guard an oil rig that Vietnam is demanding be removed from contested waters about 140 miles (225 kilometers) off its coast, according to Cuong. The dispute over the rig near the […]
Vietnam deployed security forces and quelled renewed protests against China on Sunday amid escalating tensions between the two nations after a territorial dispute sparked anti-Chinese rioting across the southeast Asian country. The Chinese government chartered planes and vessels as it evacuated more than 3,000 of its nationals in Vietnam, China’s Xinhua news agency reported Sunday, following riots in recent days that and more than 100 injured. Among those evacuated were 16 critically injured Chinese as well as staff from the China 19th Metallurgical Corp. who were building an iron and steel complex in Vietnam’s Ha Tinh Province, Xinhua said. Mobs looted and burned their way last week through several of the industrial parks where Chinese and other foreign manufacturers have set up over the past dozen years to take advantage of Vietnam’s low-cost, skilled workforce. The rioting was initially a response to China’s deployment of an oil rig in […]
China’s police chief, Guo Shengkun, urged his Vietnamese counterpart to do a better job of protecting Chinese nationals and companies from anti-Chinese protests , Xinhua, the Chinese state news agency reported. In the Saturday phone call, Mr. Guo told Tran Dai Quang, Vietnam’s minister of public security, that the Vietnamese side bears what Xinhua called an "unshirkable responsibility" for the situation. Mobs looted and in industrial estates in Vietnam this past week, set off initially by anger at China’s claimed by Vietnam. China said Friday that two of its citizens died in the rioting. "China’s Ministry of Public Security is very much shocked and indignant at the violence," Xinhua quoted Mr. Guo as telling Mr. Tran. Mr. Guo added that China was dissatisfied with Vietnam’s response to the violence, Xinhua said. According to Xinhua, Mr. Tran said Vietnam had dispatched large police forces to the areas affected and had […]
WASHINGTON—The White House on Friday stepped up criticism of China’s deployment of an , saying the move had complicated relations in the region and made peaceful resolution of territorial disputes more difficult. "This is a provocative act, and it raises tensions in the region," White House spokesman Jay Carney said. China and Vietnam are locked in a dispute over contested waters that both claim as part of their territory. The standoff, which escalated after a state-run Chinese oil company positioned an oil rig in the area, has sparked and raised fears of a military conflict. The U.S. hasn’t taken a position on the nations’ competing sovereignty claims in the region, Mr. Carney said, but said no country should resort to intimidation and threats. "We’re very concerned about dangerous conduct and intimidation by government-controlled assets operating in this area, and we call on all parties to conduct themselves in a […]
