PetroVietnam must continue as role model: PM Business

PetroVietnam must continue as role model: PM

Prime Minister Nguyen Xuan Phuc on January 11 said the Vietnam Oil and Gas Group (PetroVietnam) needs to remain a role model in expanding markets, optimising opportunities, connecting investment, and reviving growth, among other matters.
Vietnamese businesses set mixed targets Business

Vietnamese businesses set mixed targets

After performing well last year despite the COVID-19 pandemic, many companies have prepared new plans for 2021. While some firms, such as GELEX, have doubled their targeted profits, others which reported good results in 2020 have lowered their expectations.
Trial against defendants in Phu Tho ethanol case set for January 22 Society

Trial against defendants in Phu Tho ethanol case set for January 22

The Hanoi People’s Court has decided to open a first-instance trial on January 22 against 12 defendants on the charge of violating regulations on investment in construction works, causing serious consequences at a petrochemical and bio-fuel plant project in the northern province of Phu Tho.
PVEP fulfils crude oil exploitation target Business

PVEP fulfils crude oil exploitation target

The PetroVietnam Exploration Production Corporation (PVEP), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), had fulfilled its target of exploiting 2.2 million tonnes of crude oil and selling 1.15 million cu.m of gas for the whole year as of December 25.
New PetroVietnam Chairman named Business

New PetroVietnam Chairman named

Prime Minister Nguyen Xuan Phuc has recently decided to appoint Deputy Minister of Industry and Trade Hoang Quoc Vuong as the new Chairman of the Vietnam National Oil and Gas Group (PetroVietnam).
Top companies see profit slide in 9 months Business

Top companies see profit slide in 9 months

Forty of the largest companies by market capitalisation posted a 15 percent annual decline in total pre-tax profit, which fell to 162.8 trillion VND (7.02 billion USD) in January-September.
Indo-Pacific Business Forum held in Hanoi Business

Indo-Pacific Business Forum held in Hanoi

Senior government officials, industry executives and partners gathered in Hanoi on October 28 for the Indo-Pacific Business Forum (IPBF), which began in Hanoi on October 28.
PetroVietnam subsidiaries brace for Storm Molave Environment

PetroVietnam subsidiaries brace for Storm Molave

As Storm Molave, the most powerful in 20 years, is fast approaching Vietnam, subsidiaries of the Vietnam Oil and Gas Group (PetroVietnam or PVN) which are located in areas vulnerable to the storm, have proactively taken measures to protect oil and gas projects and assist local communities when necessary.