Petrolimex’s profit falls to five-year low Business

Petrolimex’s profit falls to five-year low

Vietnam’s largest petroleum retailer Petrolimex has reported that earned almost 1.27 trillion VND (55 million USD) in pre-tax profit in 2020, equivalent to 81 percent of this year’s target and down nearly 76 percent from 2019.
Petrolimex fulfilling its role in energy supply Business

Petrolimex fulfilling its role in energy supply

The Vietnam National Petroleum Group (Petrolimex) has met the majority of the goals set for the 2015-2020 period, paying nearly 188 trillion VND (about 8.036 billion USD) to the State budget while exhibiting strong performance in ensuring energy security, meeting demand for petroleum, and contributing to social welfare activities.
Petrolimex plans stock sale, divestment of State capital Business

Petrolimex plans stock sale, divestment of State capital

The Vietnam National Petroleum Group (Petrolimex) plans to sell 15 million treasury stocks in transactions held between June 16 and July 15 to mobilise capital for investment in 2020, announced chairman Pham Van Thanh at Petrolimex’s recent annual general meeting of shareholders.
Petrolimex loses over 78.2 million USD in Q1 Business

Petrolimex loses over 78.2 million USD in Q1

The Vietnam National Petroleum Group (Petrolimex) incurred a loss of over 1.8 trillion VND (78.2 million USD) in the first quarter due to the impact of COVID-19, according to its financial statement announced on May 5.
Petrolimex postpones annual shareholders’ meeting Business

Petrolimex postpones annual shareholders’ meeting

The Vietnam National Petroleum Group (Petrolimex) has decided to postpone its annual shareholders’ meeting 2020 scheduled for April 28, amid the complicated developments of the acute respiratory disease caused by SARS-CoV-2 (COVID-19).
Former Petrolimex officials punished for violations Politics

Former Petrolimex officials punished for violations

The Inspection Commission of the Party Central Committee has proposed taking disciplinary measures against Bui Ngoc Bao, a former leader of the Vietnam National Petroleum Group (Petrolimex) for violations by the Standing Board of the group’s Party Committee.
Vietnamese, Japanese firms cooperate in LNG & Gas research Business

Vietnamese, Japanese firms cooperate in LNG & Gas research

A memorandum of understanding (MoU) on cooperation in researching in the field of liquefied natural gas (LNG) and gas in Vietnam was signed between the Vietnam National Petroleum Group (Petrolimex) and the JXTG Tsutomu Sugimori Group of Japan in Hanoi on July 1.