Tag: Vietnam

EU cuts duty on stainless fasteners

The European Union stopped charging anti dumping duties on stainless steel fasteners and parts imported from Vietnam on 20 November 2010.

BP Venezuelan interests

BP is selling its upstream businesses and associated interests in Venezuela and Vietnam to TNK-BP for USD 1.8 billion in a cash only deal.

Offshore Vietnam block awarded

Neon Energy has won an exploration block offshore Vietnam in the Song Hong Basin.

Vietnam: ethanol plants

PetroVietnam (PV Oil) and a few other companies plan to develop at least 3 new ethanol production facilities in different parts of Vietnam.

Vietnam: oil refinery

Vietnam is set to start construction of a USD 6 billion oil refinery in the central Thanh Hoa Province, in a bid to become self-sufficient in oil products.

Vietnam: ferrochrome plant

Jindal Stainless Ltd has signed a MoU with the Vietnam government to set up a 0.2 million tonne ferrochrome plant in Vietnam.

SOCOTHERM awarded USD 11 million contract

Socotherm has been awarded an offshore contract in Vietnam for a total value of about USD 11 million through the subsidiary Socotherm Americas S.A.

Increase in import duty

Vietnamese steel firms have requested that the Ministry of Finance increase the import duties on steel, citing the reason that low duties lead to huge steel imports posing a threat against domestic production.

SS factory in Vietnam opens

Midway Metals Group, an Australian independent stainless steel producer, has opened its first factory in Viet Nam in Chau Son Industrial Zone in northern Ha Nam Province, about 65km south of Hanoi.

EU anti-dumping duties

The EU has said that it has imposed anti-dumping duties ranging from 7% to 27.4% on imports of certain stainless steel fasteners and their parts from China, Taiwan, Indonesia, Thailand and Vietnam.