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A representative of the automaker said its factory in the central city of Da Nang would halt operations, while its dealers in Ha Noi and Da Nang had already closed and others in the southern region had cut staff to less than 20 members each day to support customers when necessary. … [Read more...] about Nissan Viet Nam halts operation as of April 5

“Such a scenario would be highly negative for PVN’s upstream portfolio, which mostly comprises of joint-ventures with foreign entities in offshore and mature producing areas. According to industry sources, PVN’s breakeven cost per barrel is believed to be in the region of US$51 per barrel, far above the $36.3 per barrel averaged in March and also above the $43 per barrel that Brent is expected to average in 2020, according to our forecast. This risks most of the PVN’s existing output and informs our expectation for overall crude oil and natural gas production in Viet Nam to suffer year-on-year declines of 5 per cent and 1 per cent, respectively, in 2020,” Fitch said. … [Read more...] about COVID-19, price decline hit Viet Nam’s oil industry

Switching to other markets such as India, South Korea and Japan cannot make up for the shortfall in exports to the US and Europe, and the two sectors are again set for competition from Chinese goods since the country’s huge production capacity has basically been restored. … [Read more...] about China raw materials supply resumes, but Viet Nam’s export markets close borders

The Government of Việt Nam has laid the groundwork for great things to happen in this decade by issuing Decree 18 on implementation and management of mine action and the related Circular 195. These mandate the Việt Nam National Mine Action Centre (VNMAC), our main partner, to act upon and co-ordinate the efforts to reduce the impact of unexploded ordnance and landmines on the Vietnamese population. Our joint project has, among other things, helped VNMAC with data about contamination and survivors in Quảng Bình and Bình Định, which the Government considers among the provinces most greatly affected. Other development partners are helping provinces such as Quảng Trị and Thừa Thiên-Huế. Hence, the Government of Việt Nam and the international community are gathering important data for evidence-based policy making in the mine action sector.  We will continue to offer opportunities for Việt Nam to … [Read more...] about Removing all landmines and unexploded ordnance in Việt Nam by 2030, can it be done?

Việt Nam’s State-owned oil producer PetroVietnam (PVN) has yet to commit to any spending cuts. However, PVN did concede through an official statement that its 2020 revenue was likely to be halved due to the drop-off in crude and losses incurred from some ongoing projects. PVN is also believed to have ordered its subsidiaries to prepare business scenarios for different oil price levels as it contemplates the likelihood of a protracted downturn in prices. … [Read more...] about COVID-19, price decline hit Việt Nam’s oil industry