Vietnam's top 500 firms named Business

Vietnam's top 500 firms named

State-run Vietnam Oil and Gas Group (PetroVietnam) remains at the top of the 500 Vietnamese biggest enterprises list in terms of revenue (VNR500) this year.
E5 bio-fuel sold nationwide Environment

E5 bio-fuel sold nationwide

The environmentally-friendly E5 petrol is sold across the country from December 1, in accordance with the Prime Minister’s Decision No 53/2012/QD-TTg.
State to encourage use of bio-petrol Business

State to encourage use of bio-petrol

The relevant state offices must ensure supply of E5 grade bio-fuel for the domestic market to sell bio-petrol nationwide from November end, the Deputy Minister of Industry and Trade said.
Petrolimex reports 172 percent rise in profits Business

Petrolimex reports 172 percent rise in profits

Despite a loss in revenue, the Vietnam National Petroleum Group reported after-tax profits of 1.125 trillion VND (50.8 million USD) in the second quarter, an rise of 172 percent from a year earlier.
Gasoline prices rise by six cents Business

Gasoline prices rise by six cents

The ministries of Finance and Industry and Trade on May 20 enabled enterprises to increase gasoline prices by 1,200 VND (six cents) per litre in the wake of increasing global fuel prices.
Business

Vietinbank, PG Bank to merge in Q3

The Vietnam Bank for Industry and Trade (Vietinbank) will merge with Petrolimex Group Commercial Joint Stock Bank (PG Bank) in the third quarter of this year, said Nguyen Van Thang, Chairman of Vietinbank's Board of Directors, at the bank's Annual Shareholders' Meeting.
First fuel price hike in the year Business

First fuel price hike in the year

The Vietnam National Petroleum Group (Petrolimex), the country’s largest fuel wholesaler, raised the retail price of several fuel varieties as of 15:00 pm on March 11, the second adjustment and the first rise this year.