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.
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.
Petrol prices continue to drop Business

Petrol prices continue to drop

The Vietnam National Petroleum Group (Petrolimex) on January 1 announced decreases in petrol prices following a decision jointly issued by the Ministry of Industry and Trade and the Ministry of Finance.
Petrolimex: business on track following restructure Business

Petrolimex: business on track following restructure

Prime Minister Nguyen Xuan Phuc sent a working group to the Vietnam National Petroleum Group (Petrolimex) on September 25 to examine the firm’s implementation of tasks assigned by the Prime Minister and the Government so far.
Petrolimex, JCCP ink second-phase cooperation deal Business

Petrolimex, JCCP ink second-phase cooperation deal

The Vietnam National Petroleum Group (Petrolimex) and the Japan Cooperation Centre Petroleum (JCCP) has signed an agreement for the second phase of a technical cooperation project on operating the petroleum depot at Petrolimex’s headquarters.
Green tax hike on petrol to go ahead Business

Green tax hike on petrol to go ahead

The Ministry of Finance (MoF) is going ahead with its plan to increase environmental protection tax on petroleum from the current 1,000-4,000 VND to 3,000-8,000 VND per litre, despite objections from other ministries and the public.