As of July 15th, Phu My Fertiliser Plant has produced 10 million tonnes of urea, meeting 40 per cent of the local market demand, PetroVietnam Fertiliser and Chemicals Corporation (PVFCCo) announced.
Government approval for importing 100,000 tonnes of sugar will help meet
demand in the local market, but cannot bring down prices because the
distribution system is poor, economists say.
Russia''s Rosneft petroleum group will supply up to 96 million tonnes of
oil to the PetroVietnam Oil Corporation (PV Oil) from 2016 to 2040, Vietnamplus.vn reports
Viet Nam''s exports of cassava declined by 32.4 per
cent to 652,000 tonnes, and by 30.6 per cent in value to $206 million,
during the first two months of 2014.
The Ministry of Industry and Trade (MoIT) has
decided to reduce the petroleum import quota for this year to
approximately seven million tonnes from the earlier 9.115 million
tonnes.
The Viet Nam Food Association said in the first two weeks of this month,
Viet Nam exported 142,265 tonnes of rice, valued at US$60,023 million
at FOB prices.
The State Bank of Vietnam (SBV) held its 59th auction on Tuesday, with a total of 20,000 taels of gold on offer. Of the amount, 16 credit institutions bought 19,900 taels at a cost of VND37.33-37.39 million ($1,777-1,780) per tael.
Viet Nam exported 2,385 million tonnes of rice by the middle of this
month, reaching a revenue of more than US$1 billion so far this year,
said the Viet Nam Food Association (VFA).