FDI lays foundation for acceleration of oil and gas sector Business

FDI lays foundation for acceleration of oil and gas sector

Since the Vietnamese Government and Italian contractor AGIP signed the first production sharing contract in 1978, foreign direct investment (FDI) in the oil and gas sector has not only brought large revenue to the country but also laid important foundations for the sector to develop strongly.
Indonesia increases defence budget ASEAN

Indonesia increases defence budget

Indonesia has decided to increase its defence budget to 108.7 trillion IDR (8.25 billion USD), up nearly 10 percent against this year’s initial set budget.
US experts talk security, development in East Sea World

US experts talk security, development in East Sea

Experts at a discussion in the US’s Washington D.C. on October 20 examined recent security developments in the East Sea, underlining the serious impacts of activities that change the status quo.

PVEP exceeds six-month oil exploitation goal

The PetroVietnam Exploration Production Corporation (PVEP) extracted 2.8 million tonnes of oil equivalent in the first half of 2015, representing 101 percent of the six-month target and 48 percent of the annual plan.

PetroVietnam upbeat despite falling oil price

The Vietnam National Oil and Gas Group (PetroVietnam) has said that it will continue monitoring global oil prices closely in order to adjust oil exploration and production, ensuring national energy security as well as the group's economic benefits.

Oil giant completes trifecta of business targets

The national oil and gas group, PetroVietnam, earned a total revenue of 493 trillion VND (23.48 billion USD) in the first nine months of the year, an increase of 47 percent over the same period last year, reported PetroVietnam's Deputy General Director Le Minh Hong at a meeting on Oct. 11.