Most SOEs operating at a profit: audit Business

Most SOEs operating at a profit: audit

Most State-owned enterprises were operating at a profit but still needed to improve their operational efficiency, according to a report by the State Audit Office of Vietnam (SAV).
PetroVietnam requested to regain growth engine role Business

PetroVietnam requested to regain growth engine role

Prime Minister Nguyen Xuan Phuc attended a meeting of the Vietnam National Oil and Gas Group (PetroVietnam) in Hanoi on January 11, asking the firm to overcome ups and downs to re-establish the sector as a growth engine of the country.
Top 500 largest enterprises in Vietnam announced Business

Top 500 largest enterprises in Vietnam announced

The list of top 500 largest enterprises in Vietnam (VNR500) has been unveiled, showing that Vietnam’s private sector continued to post strong growth with the compounded annual growth rate (CAGR) among private firms rising significantly, reaching 21.8 percent in the 2014-2017 period.
PetroVietnam surpasses production targets for 11 months Business

PetroVietnam surpasses production targets for 11 months

The Vietnam National Oil and Gas Group (PetroVietnam) has reported an oil and gas production output of 22.1 million tonnes in the first 11 months of 2018, surpassing its target by 5.4 percent and fulfilling 96.8 percent of its yearly plan.
State’s divestment plan set for failure Business

State’s divestment plan set for failure

As the stock market is experiencing strong volatility and shows little signs of strong recovery, the State may struggle to sell its stake in State-owned enterprises (SOEs) on schedule.
FDI lays foundation for acceleration of oil and gas sector Business

FDI lays foundation for acceleration of oil and gas sector

Since the Vietnamese Government and Italian contractor AGIP signed the first production sharing contract in 1978, foreign direct investment (FDI) in the oil and gas sector has not only brought large revenue to the country but also laid important foundations for the sector to develop strongly.
PV Power to shift listing to HOSE Business

PV Power to shift listing to HOSE

PV Power will shift its listing from UPCoM to the HCM Stock Exchange by the end of this year, the company announced in its first shareholders’ meeting in Hanoi on June 26.
Former petroleum executives prosecuted for trade fraud Society

Former petroleum executives prosecuted for trade fraud

The Investigation Police Bureau for Economic Management Order Offences (C46) on June 21 began proceeding procedures against four people accused of abusing position and power to appropriate assets in three petroleum companies under the Vietnam National Oil and Gas Group (PetroVietnam).