» Million Tons

  Vietnam aims to raise its coal output to 55-58 million tons in 2015 from an estimated 48.9 million tons this year in an effort to meet demand for fast-growing electricity production, the government said. Output is projected to rise to more than 75 million tons by 2030 thanks to the exploitation of new sites,...

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Vietnam shipped 7.11 million tons of rice in 2011 Vietnam, the world’s second largest rice exporter, is set to face tough competition from other exporters who offer low-quality varieties at very cheap prices, an industry official said. Rice prices are likely to fall as major exporters have stockpiled a large amount...

Tags: 11 Million Tons, Million Tons, The Vietnam Food

  Rice exports from Vietnam, the second-largest shipper, reached a record level, boosting supply at a time when floods and government policies may reduce flows from Thailand, the largest exporter. Shipments totaled 6.84 million metric tons in the year through Dec. 8, the Vietnam Food Association said today....

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  Many cement firms are deeply in the red after demand has plummeted due to the housing market slump while supply has soared because of the indiscriminate construction of several plants. Le Van Toi, head of the Ministry of Construction’s Construction Material Department, said:...

Tags: Million Tons, This Year

  A worker walking a bicycle loaded with construction steel on his way to a construction site in Hanoi The frozen property market and high interest rates have pushed steel producers into the red and some even face the risk of shutting down their business. Pham Chi Cuong, chairman of the...

Tags: Million Tons, Of The Vietnam, Of The Vietnam Steel, The Vietnam Steel, Vietnam Steel

  Vietnam, the second-largest coffee grower, may produce a record crop in the upcoming harvest as favorable weather and a larger cultivated area boost output in the 2011-2012 season, increasing global supplies. Production may total 1.32 million tons, according to the median estimate in a Bloomberg survey of...

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Farmers transport rice after harvesting it outside Hanoi. Vietnam is expected to export a record 7.3 million tons of rice this year. The prices of many agricultural products are rising in the world market, but Vietnamese exporters may not be able to capitalize on this opportunity because their stocks are thin. Coffee prices...

Tags: 000 Tons, In The First, Million Tons

Dung Quat produced more than 3.3 million tons of oil products in the first seven months Vietnam’s Dung Quat Refinery restarted Friday, following a shutdown for maintenance that ended earlier than expected. State-owned oil and gas group PetroVietnam stopped the 130,000-barrel-a-day refinery on July 15 for scheduled maintenance,...

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  Marubeni Corp., a Japanese trading company, agreed to supply 1 million to 2 million metric tons of coal a year to Vietnam National Coal-Mineral Industries Group.  The coal will come from Australia or Indonesia, the Vietnamese company said in a statement on its website yesterday, citing...

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  PetroVietnam has launched the 2011 licensing round for nine oil and gas blocks offshore Vietnam, the first since 2007 and the most in recent years, while Vietsovpetro will boost investments, as the country works on reversing declining output and exports. Vietnam, a net oil exporter and Southeast Asia’s...

Tags: Million Tons, Nam Con Son, New Fields, Oil And Gas