The rubber industry is expected to reach this year’s export target of US$1.5 billion thanks to a price hike in the world market, said the Vietnam Rubber Association.
The Ministry of Industry and Trade has asked local fuel traders to buy products of Dung Quat Oil Refinery as it is considered one of solutions to reduce trade deficit.
Poor fuel forecasting and lack of communication had caused Vietnam to import petrol while domestic petrol was in oversupply, the Ministry of Industry and Trade said.
Vice President of the International Finance Corporation shared with DTiNews on IFC’s plan to help Vietnam handle the social and environment issues of industrialization.