Vietnamplus

Three large-cap companies that debuted on the Ho Chi Minh Stock Exchange (HoSE) in 2019 saw their shares beaten by the benchmark VN-Index at the end of the year.

The Vietnam Report JSC and VietNamNet newspaper announced the top 500 largest enterprises in Vietnam (VNR500) in 2019 at a ceremony in Hanoi on January 9.

Deputy Prime Minister Trinh Dinh Dung chaired a conference in Hanoi on January 6 to review 2019 activities of the Vietnam Oil and Gas Group (PetroVietnam) and launch its 2020 tasks.

Six Vietnamese businesses, including Vietnam Oil and Gas Group (PetroVietnam), participated in a trade promotion event in Russia’s Kaluga city on December 23-24.

A new code of conduct will be introduced in 2020 to improve the ethical standards of brokerage firms and brokers, according to the Vietnam Association of Securities Businesses (VASB).

Saibu Gas of Japan reached an agreement to obtain a 21-percent stake in the PetroVietnam Low Pressure Gas Distribution JSC (PVGD) – a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam).

The European Union-Vietnam Free Trade Agreement (EVFTA) will boost the demand for logistics services and significantly impact on Vietnam's logistics industry, said a trade official.

Authorities of the southernmost province of Ca Mau have suggested adding two power-gas projects into the national master plan on power development for the 2021 – 2030 period with orientations to 2050.

The PetroVietnam Exploration Production Corporation (PVEP) has completed its yearly plan to exploit 4.33 million tonnes of oil equivalent earlier than scheduled.

The Party and State of Vietnam treasure and want to strengthen the comprehensive strategic partnership with Russia in general and its energy group Gazprom in particular, said a senior Party official.

The Vietnamese Government always gives the top priority to oil and gas cooperation projects with Russia, said Prime Minister Nguyen Xuan Phuc at a reception for General Director of Zarubezhneft JSC Sergey Ivanovich Kudryashov in Hanoi on December 13.

Demand for investment capital at the Vietnam Oil and Gas Group (PetroVietnam) and its member units for 2018-20 is estimated to reach 620 trillion VND (26.7 billion USD), PetroVietnam Securities Inc (PSI) recently announced.

The PetroVietnam has fulfilled key business targets for 2019 in terms of oil and gas production, total revenue, after-tax profit and State budget contribution before the year-end.

PetroVietnam Insurance Corporation (PVI) and Swiss Life Network on December 2 signed an agreement on comprehensive cooperation.

Vietnam Oil & Gas Group (PetroVietnam) will head the ASEAN Council on Petroleum (ASCOPE) secretariat for the first time.

The top 60 biggest companies by market capitalisation and trading liquidity on the two local stock exchanges saw combined post-tax profit gain of 22.5 percent to 46.75 trillion VND (2 billion USD) in the third quarter of 2019.

The Vietnam Oil and Gas Group (PetroVietnam) has exceeded its set yearly targets in terms of revenue, profit and state budget contribution two months before the year-end.

As many as 706 enterprises, 85 percent of 832 listed companies on the Vietnamese stock market, generated profits during the third quarter of this year.

The Vietnam Report JSC and online newspaper VietNamNet held a ceremony in Hanoi on November 6 to announce the Profit500 2019 list.

Among the 10 most profitable firms in the banking – financial – securities sector in 2019, banks continue to be the focus of attention while the “trillions-of-VND” club has seen changes.