The Viet Nam National Oil and Gas Group (PetroVietnam) inked a deal with its partner in Peru, Perupetro, to explore and exploit oil and gas in Lot 162 offshore the South America country.

VEAM was founded on 1990 by Decision No.153 HĐBT of the Council of Ministers of Vietnam and re-established by Decision No.1119/QĐ-TCCBĐT dated October 27, 1995 of the Ministry of Heavy Industry of Vietnam.

Vietnam is one of countries in Asia with its GDP develops quickly in the recent years.

Setting forth regulations on representative offices and branches in Vietnam of foreign merchants and foreign tourism enterprises.

Trade between Vietnam and Cuba is estimated at 60 million U.S. dollars in the first quarter of this year, Vietnam News reported.

The text contains 343 issued legal documents.

The development orientation of Vietnam industry in 2010 have been clearly stated in the Socio-Economic Development Strategy 2001-2010 and are excerpted below.

The following are some main points in the development planning for Vietnam’s coal industry in the 2003-2010 period with a perspective to 2020.

Apart from the orientation devised for the whole national industry, the government has put forth the development orientation for each industrial sector, which includes Power, Coal, Steel, Oil & Gas, Textiles and Garment etc.