Vietnamplus

A series of best-performing stocks on the Vietnamese stock market are losing their steam due to poor business performances.

The Binh Son Refining and Petrochemical JSC (BSR) has reported that it earned 906 billion VND (39.3 million USD) in profit in the first half of this year.

Quang Ngai should improve its investment climate in order to raise the provincial competitiveness index (PCI), which currently stands at 41st position, Prime Minister Nguyen Xuan Phuc said.

Vietnam’s self-sufficiency for crude oil could come to an end due to exploitation that could turn the country into a net importer of crude oil for the first time, experts warned.

The Dung Quat oil refinery, based in the central province of Quang Ngai, exceeded its designed capacity by 7 percent in the first quarter of 2019, helping it gain over 606 billion VND (26 million USD) in post-tax profit during the period.

The Binh Son Refining and Petrochemical Company (BSR), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam – PVN), grossed over 112 trillion VND (4.83 billion USD) in revenue in 2018 thanks to the production and sale of over 7 million tonnes of its products.

The Ministry of Natural Resources and Environment has approved the environmental impact assessment report of a project to upgrade and expand the Dung Quat Oil Refinery, which is operated by the Binh Son Refining and Petrochemical Company (BSR).

The Dung Quat Oil Refinery Plant, operated by the Binh Son Refining and Petrochemical Company (BSR), produced more than 1.1 million tonnes of products in the first two months of 2019 using 108 percent of its designed capacity.

After five years of construction, The Nghi Son oil refinery and petrochemical plant in Thanh Hoa province officially began its commercial operation on December 23. The project is expected to help ensu

The Nghi Son oil refinery and petrochemical plant in the north central province of Thanh Hoa officially began its commercial operation on December 23.

The Binh Son Refining and PetroChemical JSC (BSR) completed several tasks for the year on November 23, 38 days earlier than planned.

The pre-tax profit of the PetroVietnam Transportation Corporation (PVTrans) hit 540 billion VND in the first nine months of this year, 42 percent higher than the same period last year and meeting the target set for this year.

Vietnam encourages and creates favourable conditions for cooperation between Vietnamese and French enterprises, Deputy Prime Minister Trinh Dinh Dung has reaffirmed.

Since the Vietnamese Government and Italian contractor AGIP signed the first production sharing contract in 1978, foreign direct investment (FDI) in the oil and gas sector has not only brought large revenue to the country but also laid important foundations for the sector to develop strongly.

The growth of liquefied petroleum gas (LPG) consumption is forecast to slow down as LPG prices have tended to increase in 2018, according to the Vietnam Gas Association (VGA).

The Vietnam Oil and Gas Group (PetroVietnam) not only reached the majority of its targets for the first half of 2018, but went beyond expectations, statistics showed.

The Binh Son Refining and Petrochemical One Member Co Ltd (BSR), a subsidiary of PetroVietnam, pocketed nearly 54 trillion VND (2.37 billion USD) in revenue in the first six months of the year, accounting for 69 percent of the yearly plan.

The Binh Son Refining and Petrochemical Company (BSR) estimated a profit of 2.947 trillion VND (129.66 million USD) in the first half of 2018, meeting 84.7 percent of its target for the whole year.

The Government Inspectorate will carry out an inspection targeting State-owned enterprises (SOEs) in which the Ministry of Industry and Trade (MoIT) controls State capital.

The Dung Quat Oil Refinery operated by Binh Son Refining and Petrochemical Joint Stock Company (BSR) has been in top ten eco-friendly factories in Vietnam for the second consecutive year.