Thailand prepares to cope with global oil price hike World

Thailand prepares to cope with global oil price hike

The Energy Ministry of Thailand is planning to use 1.5 billion baht (about 49 million USD) from the state Oil Fund to support local oil prices, expected to rise one baht per litre in the short term after drones struck Saudi Arabia’s oil facilities on September 14.
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.
Prime Minister wishes to boost exports to Kuwait Politics

Prime Minister wishes to boost exports to Kuwait

Prime Minister Nguyen Xuan Phuc expressed his wish that Vietnam would be able to export more products to Kuwait during a reception in Hanoi on September 3 for Kuwaiti Minister of Oil and Electricity and Water Khaled Ali Al Fadhel.
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.
State budget collection up 14 percent in five months Business

State budget collection up 14 percent in five months

Total State budget collection in the first five months of this year was estimated at 508.6 trillion VND (21.86 billion VND), fulfilling 43.5 percent of the estimate and up 14.1 percent year-on-year, the General Department of Taxation (GDT) reported.