While the Ministry of Industry and Trade is considering possible measures to cope with sharp falls in oil prices on the world market, the government does not plan to adjust the state budget collection plan.

VietNamNet Bridge – President of Azerbaijan Ilham Aliyev is paying a working visit to Vietnam from May 18-20 at the invitation of President Truong Tan Sang, which aims to embrace bilateral economic ties.

 The weekly Reference Basket Price of the Organization of Petroleum Exporting Countries crude stood at 104.40 U.S. dollars per barrel last week, a sharp drop from 107.12 dollars the previous week,

 OPEC is set to stick to its oil output limit at a meeting on Wednesday, even as Iraq and Iran eye higher crude exports amid slashed Libyan production.

 VietNamNet Bridge – Foreign investors may be entitled to directly distribute products they are banned from under existing regulations.

 VietNamNet Bridge – Vietnam’s trade turnover was estimated at US$11.61 billion in the first half of October 2013, with its export revenue worth US$5.75 billion, the Vietnam Customs reported.

 VietNamNet Bridge – The US remained Viet Nam's largest goods consumer, importing more than US$13 billion worth of goods over the past seven months (18 per cent of Viet Nam's total export value),

VietNamNet Bridge – Newly registered and additional foreign direct investment (FDI) capital in Viet Nam totalled US$10.5 billion in the first half this year, or a 16 per cent increase over the same period last year.

 VietNamNet Bridge – The Ministry of Industry and Trade forecasts cell phone and component exports may exceed US$20 billion this year, setting a new record for export turnover of an industry.

The Phu Yen provincial authorities have asked relevant ministries to propose the government to apply the zero percent export tariff to the petrochemical and sulphur products to be churned out by the Vung Ro oil refinery.

The signing ceremony of the EPC contract for the Nghi Son oil refinery project with a total investment of $ 9 billion took place this morning, January 27, in Thanh Hoa province, in the presence of Prime Minister Nguyen Tan Dung.