Shares mixed on EFT trading Business

Shares mixed on EFT trading

Shares declined on the HCM Stock Exchange on the last four days this week, but strong demand from local traders cushioned the market.
Petrolimex to launch non-cash payment service Business

Petrolimex to launch non-cash payment service

Domestic ATM card holders of 41 National Payment Corporation of Vietnam (NAPAS) member banks can pay by card at the Vietnam National Petroleum Group (Petrolimex)’s petrol stations nationwide from August 1.
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.
Chevron Vietnam’s factory gets expansion Business

Chevron Vietnam’s factory gets expansion

Petrolimex Engineering JSC and Petrolimex Construction JSC 1 started a project to expand the Chevron Vietnam lubricant oil factory in Dinh Vu Industrial Park, Hai Phong, on April 26.
Caution pulls down blue chips Business

Caution pulls down blue chips

Shares dropped further in the two local exchanges on April 24 as investors remained cautious about market conditions, pulling blue chips down.
Lack of information to keep stocks quiet Business

Lack of information to keep stocks quiet

Vietnam’s stock market outlook will likely remain negative this week as a lack of supporting business information and potential global risks drive investor confidence down, according to analysts.
Petrolimex begins trading on HoSE Business

Petrolimex begins trading on HoSE

The Vietnam National Petroleum Group (Petrolimex) began trading on the Ho Chi Minh Stock Exchange (HoSE) on April 21 with shares, coded PLX, starting at 43,200 VND (1.9 USD).
 PV Oil to expand share in domestic market Business

PV Oil to expand share in domestic market

Petrovietnam Oil (PV Oil) Corp. aims to expand its share of the domestic oil and petrol retail market from 22 percent to at least 35 percent by 2020 through mergers and acquisitions transactions.
Obstacles hinder automated petrol stations Business

Obstacles hinder automated petrol stations

All 2,400 gas stations owned by the Vietnam National Petroleum Group (Petrolimex) are designed to accommodate cash free purchases and can switch to an automated pay model to help reduce labour costs, especially late at night, said Bui Ngoc Bao, Petrolimex’s Chairman.
Vietnam giants post record profits Business

Vietnam giants post record profits

Two giant State-owned corporations, Vietnam National Petroleum Group (Petrolimex) and Vietnam Steel Corporation (VNSTEEL), achieved record profits last year, according to a conference held by the Party Organisation of the Central Enterprises Bloc (CEB).