Dung Quat Shipyard rides out COVID storm Business

Dung Quat Shipyard rides out COVID storm

The COVID-19 pandemic led to a downturn in global supply chains and demand for goods transport, which hit maritime shipping and shipbuilding hard worldwide. The Dung Quat Shipbuilding Industry Company Ltd (DQS), however, may be the exception, having received a host of orders locally and overseas this year.
Ba Ria-Vung Tau to welcome 686 foreign experts Society

Ba Ria-Vung Tau to welcome 686 foreign experts

The southern province of Ba Ria-Vung Tau is to have 686 more foreign experts working locally soon, the provincial Health Department revealed at a recent meeting of the local steering committee for COVID-19 control and prevention.
Amendment to tax law on fertiliser in urgent need Business

Amendment to tax law on fertiliser in urgent need

Tax Law No 71/2014/QH13, which treats fertiliser as a VAT-free item, has become a double-edged sword as after five years of implementation it has not reduced domestic fertiliser prices but instead hindered production and investment in the sector.
PV Power to build four new LNG-fired plants Business

PV Power to build four new LNG-fired plants

The PetroVietnam Power Corporation (PV Power), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), has completed plans for the construction of four liquefied natural gas (LNG)-fired power plants.
PV Gas’s Jan-May revenue surpasses goal despite pandemic Business

PV Gas’s Jan-May revenue surpasses goal despite pandemic

The PetroVietnam Gas Corporation (PV Gas), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), reported nearly 27.6 trillion VND (1.18 billion USD) in revenue between January and May, more than 6 percent higher than its target for the period.
PetroVietnam's crude oil output in Jan-April exceeds set target Business

PetroVietnam's crude oil output in Jan-April exceeds set target

The Vietnam Oil and Gas Group (PetroVietnam)’s exploited crude oil output in the first four months of 2020 reached 7.2 million tonnes of oil equivalent, exceeding its set target by 7.7 percent, despite difficulties caused by the COVID-19 pandemic and a sharp decrease in oil prices.
Ex-officials of PVOil put into temporary detention Society

Ex-officials of PVOil put into temporary detention

The Ministry of Public Security has officially launched an investigation into the alleged abuse of position and power to appropriate assets at the State-run PetroVietnam Oil Corporation (PVOil) and OceanBank, along with two former PVOil officials.