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.
80 percent of State-owned economic groups earn profits Business

80 percent of State-owned economic groups earn profits

Up to 80 percent of the 19 State-owned economic groups and corporations under the management of the Committee for Management of State Capital at Enterprises (CMSC) earned profits in the first half of this year, fulfilling more than half of their yearly targets, according to the 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.
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.
Forbes Vietnam announces top 50 firms Business

Forbes Vietnam announces top 50 firms

Forbes Vietnam has announced Vietnam’s 50 top listed companies for 2018, which account for 70.8 percent of total market capitalisation on the HCM and Hanoi stock exchanges.
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.