PetroVietnam: 45-year mission of oil exploration Business

PetroVietnam: 45-year mission of oil exploration

Throughout its 45-year history of operation, the Vietnam Oil and Gas Group (PetroVietnam) has faced numerous difficulties and challenges, but with the trust and support of the Party and State, the group has weathered all storms to fulfill its mission and contribute greatly to national socio-economic development.
Oil-gas industry enhances education-popularisation work Society

Oil-gas industry enhances education-popularisation work

Throughout the course of development of the Vietnam Oil and Gas Group, education-popularisation work has always received due attention, helping encouraging and fostering patriotism and work dedication among generations of engineers, workers and other employees in the industry.
PetroVietnam fulfils 2020 increase to oil and gas reserves Business

PetroVietnam fulfils 2020 increase to oil and gas reserves

The Vietnam Oil and Gas Group (PetroVietnam) has announced that its exploration of the Ken Bau-2X well, located in the Red River Basin offshore of Vietnam’s northern continental shelf, helped the firm fulfil its plan of increasing oil and gas reserves in 2020 ahead of schedule.
Ba Ria – Vung Tau steps up for development Business

Ba Ria – Vung Tau steps up for development

The southern coastal province of Ba Ria – Vung Tau has exploited its natural beauty and taken advantages of its oil and gas sector for economic development, turning itself into a sustainably developed region in the Southern Focal Economic Zone of Vietnam.
Adjustments needed for oil and gas sector to overcome hardships Business

Adjustments needed for oil and gas sector to overcome hardships

Currently, the oil and gas industry is suffering from the double impact of the Covid-19 epidemic and decline in oil prices that greatly affects the production and business plan in particular and the operation of the Vietnam Oil and Gas Group (PetroVietnam or PVN) in general.
Indonesia’s budget deficit forecast to reach 2.2-2.5 pct of GDP World

Indonesia’s budget deficit forecast to reach 2.2-2.5 pct of GDP

Indonesia's state budget deficit is expected to reach 2.2-2.5 percent of the country’s gross domestic product (GDP) this year as the new coronavirus-caused acute respiratory disease (COVID-19) has hindered global economic activities, Finance Minister Sri Mulyani Indrawati said.
Listed sectors affected by COVID-19 pandemic Business

Listed sectors affected by COVID-19 pandemic

Among 23 sectors listed on the stock market, four are expected to enjoy positive growth, nine forecast to see negative impacts in the short-term, while 10 others not likely to be affected.
Oil and gas manufacturing affirms stuff in integration Business

Oil and gas manufacturing affirms stuff in integration

At a recent symposium on measures to boost the development of Vietnam’s mechanic sectors, Prime Minister Nguyen Xuan Phuc stressed that the Government will establish a market for mechanic firms to develop, including facilitating the sector to seek for domestic and overseas markets for the country’s oil and gas engineering sector’s products.