Vietnamplus

Fertiliser businesses have been predicted to flourish this year thanks to many positive supporting factors.

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.

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.

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.

A ceremony was held in Hanoi on January 8 to honour 500 largest enterprises in Vietnam (VNR500) and top 10 prestigious companies in 2020.

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.

Bien Dong Petroleum Operating Company (Biendong POC) has set a Guinness Vietnam record by organising flag-salute ceremonies at the farthest oil and gas platform from the mainland.

The Vietnam – Russia oil and gas joint venture Vietsovpetro has reported an oil and condensate output of nearly 3.14 million tonnes in the first 11 months of this year, 9.4 percent higher than its yearly plan.

The Prime Minister recently appointed Hoang Quoc Vuong as Chairman of the Members’ Council of the State-owned Vietnam Oil and Gas Group (PetroVietnam).

The State-owned Vietnam Oil and Gas Group (PetroVietnam) has made it into the top three largest firms in Vietnam this year, the tenth year in a row, according to the latest ranking co-released by Vietnam Report (VNR) and e-newspaper VietNamNet.

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).

The PetroVietnam Gas Join Stock Corporation (PV Gas) on November 16 welcomed the first flow of gas from Field SV, part of a project on developing the offshore SV-DN gas field to the Nam Con Son 2 pipeline on the mainland.

The Vietnam Report JSC and VietNamNet e-newspaper announced the 500 largest enterprises in Vietnam (VNR500) in 2020 at a ceremony in Hanoi on November 10.

The Vietnam Oil and Gas Group (PetroVietnam) exploited an estimated 17.32 million tonnes of oil equivalent in the first ten months of this year, surpassing the plan for the period by 2.3 percent.

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.

The Vietnam Oil and Gas Group (PetroVietnam) and its subordinate companies have raised 328 billion VND (14.16 million USD) to support flood victims in the central region and poor people across the country.

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.

Among 124 domestic enterprises featuring 283 products officially honoured with the title of 2020 Vietnam National Brands, five are subsidiaries of the Vietnam Oil and Gas Group (PetroVietnam).

The PetroVietnam Gas Joint Stock Company (PV GAS) and the US-based AES Corporation have signed the term sheet of the joint venture agreement for the development of the Son My LNG Import Terminal Project - a project with a total investment cost of 1.4 billion USD.

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.