Vietnam, Laos boost cooperation in coal trading

Minister of Industry and Trade Nguyen Hong Dien has asked stakeholders to speed up progress, complete procedures for importing electricity and coal, and build new transmission lines from Laos to Vietnam.

Vietnam, Laos boost cooperation in coal trading -0

He made the requirement at a conference held on December 9  to promote coal trading cooperation between Vietnam and Laos.

Dien said that the Ministry of Industry and Trade (MoIT) of Vietnam and the Lao Ministry of Energy and Mines has signed a memorandum of understanding on cooperation in the coal sector.

He went on to say that importing electricity and coal from Laos not only helps boost economic development between the two countries but also fulfills the dual goals of ensuring national security and defence and providing energy for the economy.

Regarding the coal import plan, the MoIT requested the Vietnam National Coal - Mineral Industries Holding Corporation Limited (Vinacomin) and the Dong Bac Corporation to urgently negotiate to sign coal import and supply contracts for thermal power plants as well as coordinate with relevant units to propose specific mechanisms for coal import, especially coal from Laos under an intergovernmental agreement to the Prime Minister or competent authorities for approval.

Vinacomin and Dong Bac Corporation were assigned to put forth a mechanism on importing coal from Laos to Vietnam, and solutions to improve the capacity to receive coal to Vietnam as well as sign in-principle contracts with Lao partners relating to output, which will be carried out immediately after the agreement is approved.

Economy

Vietnam's potential promoted to Mexican businesses
Economy

Vietnam's potential promoted to Mexican businesses

A delegation from the Vietnamese Embassy in Mexico led by Ambassador-Designate Nguyen Van Hai has paid a working trip to Guanajuato state to explore opportunities for cooperation between Vietnam and Mexico, as well as between Vietnamese localities and Guanajuato. ​

Localities report progresses in IUU fishing combat
Economy

Localities report progresses in IUU fishing combat

Coastal localities nationwide have implemented practical and effective activities and specific measures, demonstrating their determination to join the nation’s efforts to have the “yellow card” that the European Commission (EC) has imposed on Vietnamese seafood regarding illegal, unreported, and unregulated (IUU) fishing lifted in 2024.

Da Nang Hi-Tech Park attracts 177-million-USD FDI project
Economy

Da Nang Hi-Tech Park attracts 177-million-USD FDI project

The Da Nang Hi-Tech Park continues to strengthen its position as a leading investment hub with the recent in-principle approval of a 177-million-USD project by Dentium Co., Ltd., from the Republic of Korea (RoK).This significant investment brings the total registered foreign direct investment (FDI) in the park to 875.2 million USD, spanning 13 projects.

UNGA President congratulates Vietnam on re-election to UNCITRAL
Economy

UNGA President congratulates Vietnam on re-election to UNCITRAL

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN), had a meeting in New York on November 21 with President of the 79th session of the UN General Assembly (UNGA) Philemon Yang who congratulated Vietnam on the country’s re-election to the UN Commission on International Trade Law (UNCITRAL) for the 2025-2031 term.