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The Vietnam National Oil and Gas Group (PetroVietnam) has so far launched 2,805 projects that resulted in over 707 trillion VND (30.7 billion USD) in revenue.

Despite various difficulties, the Vietnam National Oil and Gas Group (PetroVietnam) has rolled out measures to keep operations buoyant in the current situation and to engage in energy transition based on the future of the industry.

PetroVietnam Gas Corporation (PV GAS) should make efforts to achieve the target of annual growth of 10 percent in 2022 and following years, General Director of the Vietnam National Oil and Gas Group (PetroVietnam) Le Manh Hung has said.

The Vietnam National Oil and Gas Group (PetroVietnam) has set forth a number of measures for the 2020-2025 period so that major targets are achieved.

The Vietnam Oil and Gas Group (Petrovietnam) is striving to achieve the “dual goal” in the context of “dual crisis” from the COVID-19 pandemic and the plunge in oil price.

The Vietnam National Oil and Gas Group (PetroVietnam) has fulfilled and surpassed most of the production targets set for September and the first nine months of 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.

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.

Politburo member and head of the Party Central Committee’s Economic Commission Nguyen Van Binh on January 25 stressed the need to complete institutions for the development of the oil and gas sector.

Police on January 20 launched criminal proceedings against Dinh La Thang, former Chairman of the Vietnam National Oil and Gas Group (PetroVietnam), for his suspected violations regarding the Petrochemical and Bio-Fuel JSC – a subsidiary of this group.

National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan had a working session with the Vietnam National Oil and Gas Group (PetroVietnam) in Hanoi on January 17, promising to handle difficulties in terms of policies and laws facing this sector.

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.

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.

The Vietnam National Oil and Gas Group (PetroVietnam) has surpassed its key financial targets for this year, thanks to the rise in petrol prices in October.

All the financial targets of the Vietnam National Oil and Gas Group (PetroVietnam) in the past nine months surpassed the plan thanks to the improvement in the price of crude oil, according to insiders.

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.

The State-run Vietnam News Agency (VNA) and Vietnam National Oil and Gas Group (PetroVietnam) signed a cooperation agreement in Hanoi on May 23.

The Vietnam National Oil and Gas Group pumped 4.8 million tonnes of crude oil in the first four months of 2018, exceeding the target by 1.7 percent and accounting for 36.2 percent of its yearly goal.

The Binh Son Refining and Petrochemical Company (BSR) reported pre-tax profits of 1.3 trillion VND (57.1 million USD) in the first quarter of 2018, up 46 percent compared to the quarterly target.