PetroVietnam donates 30 billion VND to COVID-19 vaccine fund

The Vietnam Oil and Gas Group (PetroVietnam) has donated 30 billion VND (1.3 million USD) to the COVID-19 vaccine fund in a bid to join hands with the nation to fight the pandemic as well as ensure social welfare and people’s wellbeing.
PetroVietnam donates 30 billion VND to COVID-19 vaccine fund ảnh 1PVOIL donates an ambulance to help Kim Dong district fight COVID-19 (Photo: PetroVietnam)

Hanoi (VNA) - The Vietnam Oil and Gas Group (PetroVietnam) has donated 30 billion VND (1.3 million USD) to the COVID-19 vaccine fund in a bid to join hands with the nation to fight the pandemic as well as ensure social welfare and people’s wellbeing.

Following the directions of the Politburo and the Secretariat of the Communist Party of Vietnam on the policy of purchase of vaccines against COVID-19 for the people using the state budget and other legal financial sources, the Government issued a resolution on COVID-19 vaccine purchase and use. Per the resolution, 150 million doses of vaccines will be bought for the injection of about 75 million people. It is estimated to cost some 25.2 trillion VND (1.08 billion USD). Of the total, about 16 trillion VND is expected to come from the central budget, while the remaining 9.2 trillion VND will be sourced from the local budgets and contributions by businesses and organisations.

In order to meet the urgent requirements of pandemic prevention and control, and speed up access to buying and importing vaccines for large-scale vaccination, the Ministry of Finance has asked for Government permission to set up a COVID-19 vaccine fund. The fund aims to receive funding from domestic and foreign organisations and individuals, as well as other legal capital sources for the purchase of vaccines against COVID-19.

To join hands with such efforts and implement its corporate responsibility, PetroVietnam has decided to donate 30 billion VND (1.3 million USD) to the COVID-19 vaccine fund. Of the sum, 5 billion VND was from the mother company PetroVietnam, 10 billion VND from the PetroVietnam Gas Corporation (PV GAS), and 5 billion VND from each of the Vietsovpetro joint venture, Binh Son Refining and Petrochemical Company (BSR), and PetroVietnam Power Corporation (PV Power).

PetroVietnam donates 30 billion VND to COVID-19 vaccine fund ảnh 2PVEV grants aid to Bac Giang province (Photo: PetroVietnam)

In addition to the above-said units, PetroVietnam will continue to call on its other members to support the vaccine fund.

On the occasion, the group also earmarked 2 billion VND which was raised from its staff to assist the northern provinces of Bac Giang and Bac Ninh, which are the nation’s current hotspots of COVID-19 outbreaks, in the fight against the pandemic.

Its member units and trade union also donated hundreds of millions of VND and items to support front-line medical staff and localities in the effort.

Earlier, to protect the health of 56,000 oil and gas workers amid the complicated developments of the pandemic, PetroVietnam’s trade union offered its members 2.8 billion VND to buy medical supplies and necessities for COVID-19 prevention and control.

So far, staff of the oil and gas sector donated over 70 billion VND to the fight against the pandemic.

The number of domestically-transmitted COVID-19 cases in Vietnam has risen to 4,621 cases, with 24 patients confirmed in the past 12 hours to 6am on May 27, according to the Ministry of Health. Of the new cases, 23 were recorded in Bac Giang province, and one in Lang Son.

As many as 3,051 domestic cases have been logged since the nation was hit by the fourth COVID-19 wave on April 27. Another case was added to the imported infection tally on May 27 morning, raising the imported count of the outbreak to 1,490.

Report from the ministry’s Medical Examination Administration showed that the country has seen 2,853 recoveries and 45 deaths related to the disease.

Since the pandemic has become more complicated, people nationwide are advised to strictly follow the Ministry of Health’s 5K message: khau trang (facemask), khu khuan (disinfection), khoang cach (distance), khong tu tap (no gathering), and khai bao y te (health declaration)./.

VNA

See more

Workers process shrimp products for export at a factory of Sao Ta Food Joint Stock Company in Soc Trang province. (Photo: VNA)

Vietnam becomes Brazil’s 2nd largest aquatic product supplier

According to the Department of Customs under the Ministry of Finance, Vietnam’s aquatic product exports reached $655 million in February, marking a 44.5% year-on-year increase. This brought the total for the first two months of 2025 to $1.42 billion, up 19% compared to the same period in 2024.

Credit growth will continue to be the key target in Vietnam’s new development policy, (Photo vnbusiness.vn)

HCM City bank lending growth down in 2025

According to deputy director of the State Bank of Vietnam’s HCM City office Nguyen Duc Lenh, outstanding credit as of February was 3.936 trillion, down 0.17% from December 2024 but 12.2% up year-on-year.

Authorities inspect the procedures of vehicle operators transporting goods at the Huu Nghi International Border Gate (Lang Son province). (Photo: VNA)

Customs trade hits 1.05 billion USD on first day of new model

Realising the 12th Party Central Committee's Resolution 18 on streamlining the political system’s organisational structure, on March 15, the customs sector began operating under a three-tier model: the Department of Customs, regional customs offices, and border checkpoints. This reorganisation has reduced the number of units by 485, or 53.77%, from 902

Long Hau 1 Industrial Park in Can Giuoc district, Long An province. (Photo: VNA)

Industrial real estate expects a boost from policies, FDI

The acceleration of legal obstacles removal in recent industrial real estate projects is creating growth opportunities for many businesses participating in this segment. Notably, this is also one of the key factors contributing to attracting investment and boosting growth for real estate in 2025.

Construction site of Terminal 3 (Photo: VNA)

Vietnam Airlines, Vietjet Air flights to operate from Tan Son Nhat’s new terminal in May

Designed to handle 20 million passengers annually, Terminal T3 of the Tan Son Nhat International Airport includes four main components: the passenger terminal, a multi-story parking facility integrated with non-aviation services, the elevated road system at the terminal frontage, and aircraft aprons. The total investment for the terminal is nearly 11 trillion VND (431.2 million USD), with construction beginning in December 2022

HCM City is now a regional specialised financial centre (Photo: VNA)

Vietnam should be flexible in selecting financial centre models: expert

Tuan also highlighted the importance of human capital, one of the five important factors to successfully build a financial centre, citing the Global Financial Centres Index, which ranks business environment, human capital, infrastructure, market development, and reputation as the key drivers of success.

Minister of Industry and Trade Nguyen Hong Dien (L) and US Secretary of Energy Chris Wright in Washington D.C. on March 13. (Photo: VOV)

Vietnam, US look to strengthen comprehensive energy cooperation

Vietnam’s consistent policy is to foster a balanced, sustainable, stable, and win-win economic relationship with the US, the minister stated. Vietnam does not intend to create any barriers that could negatively impact the US’s workers or its economic and national security, Minister of Industry and Trade Nguyen Hong Dien said.

Deputy Prime Minister Nguyen Chi Dung speaks at the first meeting of the steering committee for the building of a project on the private economic sector's development in Hanoi on March 15. (Photo: VNA)

Private sector's development key to Vietnam’s economic growth

Currently, the private economic sector comprises over 6.1 million business establishments, including approximately 940,000 registered enterprises and over 5.2 million household businesses. The sector contributes around 50% of the country’s GDP, accounts for over 56% of total social investment, employs approximately 82% of the workforce, and generates around 30% of state budget revenue and more than 30% of total import-export turnover.