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reserves

Petrovietnam to invest 14.23 billion in oil and gas exploration, production by 2030

Petrovietnam to invest $14.23 billion in oil and gas exploration, production by 2030

The group will prioritise its core exploration and production (E&P) activities, including reserve replacement, production from existing fields, development of new projects and opportunities to acquire producing assets, according to Petrovietnam.
Việt Nam proposes tripling capacity of national crude oil reserves

Việt Nam proposes tripling capacity of national crude oil reserves

Việt Nam is considering tripling the planned capacity of national crude oil reserves as it seeks to raise strategic stocks to 90 days of net imports by 2030, while also expanding petroleum links with Laos.
Central bank might work to increase nations foreign exchange reserves

Central bank might work to increase nation’s foreign exchange reserves

According to data from WiChart, the SBV has maintained the buying rate at VNĐ23,400 per dollar since mid-May 2023.
State reserves department authorises purchases of 220,000 tonnes of rice for 2024

State reserves department authorises purchases of 220,000 tonnes of rice for 2024

The plan included 22 reserve departments in cities and provinces across the country, who are put in charge of 196 bidding packages to purchase domestically produced, long grain 15 per cent broken rice, milled from the 2024 Spring harvest.
VN must invest in building larger fuel reserves

VN must invest in building larger fuel reserves

Viet Nam must invest to raise its fuel reserve capacity, said economists and policymakers during a conference discussing how to encourage investment from the private sector in fuel infrastructure and to stabilise fuel supply and demand.
VNs foreign exchange reserves reach US92.43 billion

VN’s foreign exchange reserves reach US$92.43 billion

The State Bank of Vietnam (SBV) last month bought about US$0.65 billion, bringing Viet Nam''s foreign exchange reserves to $92.43 billion, according to the BSC Securities Company (BSC).
Viet Nams foreign exchange reserves to grow this year

Viet Nam's foreign exchange reserves to grow this year

Viet Nam''s foreign exchange reserves will recover to the level of three months of imports and reach $102 billion by the end of this year from the current level of $89 billion.
Listed companies raise cash reserves

Listed companies raise cash reserves

Listed companies tend to increase cash reserves amid rising interest rates and difficulties in the market.
VN to increase national fuel reserves

VN to increase national fuel reserves

The Ministry of Industry and Trade has put forward a proposal to increase the country''s fuel reserve by as much as four times. 
State Reserves to award ratings to contractors

State Reserves to award ratings to contractors

For the first time, contractors who signed deals with the General Department of State Reserves will be rated using a credit system reflecting their ability and commitment to deliver on contracts.
WB acknowledges the resilience of Vietnamese economy

WB acknowledges the resilience of Vietnamese economy

The international reserves held by the State Bank of Viet Nam (SBV) were equal to US$92billion at the end of August, up from $80 billion at the end of December.
Central bank cuts reserve interest rate to aid the economy

Central bank cuts reserve interest rate to aid the economy

The SBV said the adjustment was made based on macro-economic developments and the level of interest rates in the market.
Petrol prices plunge for seventh consecutive time

Petrol prices plunge for seventh consecutive time

The retail prices of petrol fell by more than VND600 per litre on Monday following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
National food reserves sufficient for emergencies: GDSR

National food reserves sufficient for emergencies: GDSR

The General Department of State Reserves (GDSR) affirmed on Thursday that national food reserves are sufficient to cater for emergency situations.
Viet Nams foreign reserves surge 2.5 times over 2015

Viet Nam’s foreign reserves surge 2.5 times over 2015

Viet Nam’s foreign reserves have surged 2.5 times against 2015, Governor of the State Bank of Viet Nam (SBV) Le Minh Hung said.