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.
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.
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.
Laos’ economic growth outlook stable for 2019, 2020 World

Laos’ economic growth outlook stable for 2019, 2020

Economic growth in Laos is expected to remain stable in 2019 and 2020 – backed by the expansion of the agriculture, energy, industry, and service sectors – according to the Vientiane Times’ quoting of the latest report of the Asian Development Bank (ADB) on April 4.
Hanoi city targets 7.4-7.6% economic growth in 2019 Business

Hanoi city targets 7.4-7.6% economic growth in 2019

The Hanoi People’s Committee has set 22 targets for socio-economic development in 2019, focusing on State budget restructuring, improvement of its investment and business environment and promotion of the innovation and startup ecosystem.
Bank stocks expected to drive up market Business

Bank stocks expected to drive up market

Vietnamese stocks are expected to rise further on expectations of positive corporate earnings reports from the financial-banking sector and a strong inflow of foreign investment, analysts said.