PetroVietnam enjoys good business results despite falling oil prices Business

PetroVietnam enjoys good business results despite falling oil prices

The Vietnam Oil and Gas Group (PetroVietnam) earned 489.5 trillion VND (over 21 billion USD) in revenue in the first eight months of the year, exceeding the target by 19 percent although the average price of crude oil fell to 58.62 USD per barrel in August compared to the predicted price of 65 USD per barrel.
Deputy PM applauds JX NOEX’s cooperation proposals Business

Deputy PM applauds JX NOEX’s cooperation proposals

Deputy Prime Minister Trinh Dinh Dung highly evaluated proposals of cooperation in exploring and exploiting oil and gas made by President and CEO of the JX Nippon Oil & Gas Exploration Corp (JX NOEX) Hiroshi Hosoi during their meeting in Hanoi on August 21.
PVN’s business result exceeds set target Business

PVN’s business result exceeds set target

The Vietnam Oil and Gas Group (PVN) gained 365.5 trillion VND (15.78 billion USD) in revenue in the first half of this year, or 18 percent higher than its six-month plan, heard a conference held by the group on July 17.
Japanese bank eyes EVN’s energy projects Business

Japanese bank eyes EVN’s energy projects

The Japan Bank for International Cooperation (JBIC) is interested in investment plans for energy projects of the Vietnam Electricity (EVN) and Vietnam Oil and Gas Group (PVN), unveiled Kazuhisa Yumikura, Managing Executive Officer and Global Head of Infrastructure and Environment Finance Group at JBIC.
National oil group’s six-month business tops plan Business

National oil group’s six-month business tops plan

The Vietnam Oil and Gas Group (PVN) has announced it generated a total revenue of 365.5 trillion VND (15.8 billion USD) in the first half of this year, 18 percent higher than the six-month target and equivalent to 60 percent of the yearly goal.
Unprofitable State projects show signs of recovery Business

Unprofitable State projects show signs of recovery

The Ministry of Industry and Trade (MoIT) has reported some positive signs in the handling of 12 major State-owned projects that have long reported losses, as some have managed to resume operations after suspensions or even record profits.