Vietnamplus

The Vietnam Oil and Gas Group (PetroVietnam) is seeking permission to restart work on the Thai Binh 2 Thermal Power Plant which was suspended following the arrest of related officials for wrongdoings.

Five Vietnamese companies are among the 300 largest and fastest-growing businesses in Asia, according to Nikkei Asia Review's exclusive ranking.

In the second half of this year, increasing competition in product quality, prices and market share are predicted to force steel companies to work harder to maintain their foothold in the market.

A delegation of the National Assembly’s Committee for External Affairs paid a working visit to Russia from June 27-28 to evaluate the implementation of international treaties signed by Russia and Vietnam for the 2001-2018 period.

The PetroVietnam Gas Joint Stock Corporation (PV Gas) signed contracts on the building of a liquefied natural gas (LNG) warehouse and the provision of the product for two thermal power plants.

The Export-Import Bank of Korea (Korea Eximbank) has said that it has agreed to open a 2 billion USD credit line to Vietnam’s State-owned Vietnam Oil and Gas Group (PetroVietnam) in a bid to help more Korean companies venture into the fast-growing economy.

PV Power, an subordinate company of the Vietnam Oil and Gas Group (PetroVietnam), reported positive business results in the first five months of this year despite difficulties the company faced in generating power.

Merging the two national stock exchanges would improve efficiency and trading conditions, the 14th National Assembly heard at a meeting on June 6.

The Committee for Management of State Capital at Enterprises (CMSC) will oversee the finance of 19 State-owned groups and corporations this year.

The oil and gas sector has made considerable contributions to the State budget, experts have said.

Twelve delayed or loss making projects under the Ministry of Industry and Trade (MoIT) would be resolved by 2020, according to the ministry’s Planning Department.

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 People’s Court of Hanoi on May 6 decided to suspend a trial for the case of “abusing position and power to appropriate assets” that occurred at the PetroVietnam Exploration Production Corporation (PVEP).

The People’s Court of Hanoi on May 6 opened a trial for the case of “abusing position and power to appropriate assets” that happened at the PetroVietnam Exploration Production Corporation (PVEP).

An international workshop on the assessment of shale energy in Asia, under the second phase of the unconventional oil and gas resources project, took place in Hanoi on April 23.

The Hanoi People’s Court will open a trial of the case of abusing position and power to appropriate assets at the PetroVietnam Exploration Production Corporation (PVEP) on May 6.

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.

Prison sentences ranging from 4-9 years have been proposed for two ex-leaders of the Vietnam-Russia oil and gas joint venture Vietsovpetro for “abusing position and power to appropriate assets”.

The Vietnam Oil and Gas Group (PetroVietnam) and Malaysia’s Petroliam Nasional Berhad (Petronas) have signed a Head of Agreement (HOA) for the sale and purchase of additional gas to Ca Mau area.

The Vietnam National Oil and Gas Group (PetroVietnam) hopes to add 15 million tonnes oil to reserves in both 2019 and 2020, heard the company’s conference to implement exploitation plans held in Vung Tau city on March 14.