Vietnamplus

Head of the Party Central Committee’s Economic Commission Tran Tuan Anh held a working session with the Vietnam National Petroleum Group (Petrolimex) in Hanoi on March 31.

Malaysia’s Petroliam Nasional Bhd (PETRONAS) and the Philippines’ Phoenix Petroleum have inked a memorandum of understanding (MoU) to jointly explore a partnership in downstream marketing business and associated technology solutions in the Philippines.

Deputy Minister of Industry and Trade Tran Quoc Khanh hosted a reception for his Lao counterpart Bunthong Duonsavan on March 13 in Hanoi, during which he affirmed that Vietnam welcomes delegations from Lao ministries and sectors to learn experience in developing trade and industry.

Vietnam needs to seek funds to increase the national reserve of petroleum to deal with urgent situations in the context of fluctuating global markets.

Indonesian Minister of Investment Bahlil Lahadalia has said President Joko Widodo instructed ministers to extensively pursue investment in coal-to-dimethyl ether (DME) downstreaming.

Vietnamese infrastructure developer Deo Ca Group JSC has signed a joint venture agreement with Laos’ Petroleum Trading Lao (Petro Trade) Public Company to develop a railway project linking the two countries.

Right from the beginning of 2023, many banks have announced their plans for merge and acquisition (M&A) deals and capital increase.

Vietnam's industry and trade sector has obtained encouraging results in 2022, contributing to the national socio-economic development. The following is a list of the 10 most outstanding events of the year as selected by the Ministry of Industry and Trade (MoIT).

Insiders are calling for a revision to regulations on conditional business lines as the regulations have caused major hindrances to firms.

The Ministry of Finance (MoF) is taking steps to stabilise domestic gasoline prices and supply while removing difficulties for petroleum traders, said Nguyen Tien Minh, Director of the MoF’s Price Management Department.

Legislators adopted the draft revised Inspection Law and the draft revised Petroleum Law during the ongoing fourth session of the 15th National Assembly in Hanoi on November 14.

The Ministry of Industry and Trade (MoIT) will coordinate with the State Bank of Vietnam to remove difficulties for petroleum enterprises in accessing credit guarantee funds in a bid to prevent disruption in the domestic market.

The PetroVietnam University (PVU) based in Ba Ria city, the southern province of Ba Ria - Vung Tau, has become the first in Vietnam to have petroleum training programmes that meet quality standards set by the US-based Accreditation Board for Engineering and Technology (ABET).

Deputies to the 15th National Assembly (NA) are scheduled to debate the draft Law on E-Transactions (revised) and draft Inspection Law (revised) on October 25 during their ongoing fourth session.

The Ministry of Industry and Trade (MoIT) asked the Ministry of Finance (MoF) and the State Bank of Vietnam (SBV) to review and adjust the cost of importing petrol and oil, standard business costs and profit based on trading realities.

Malaysia has agreed with the recent implementation of oil production cut of 2 million barrels per day by the Organisation of the Petroleum Exporting Countries and allies (OPEC+) with effect from this November.

The Vietnam Oil and Gas Group (PetroVietnam) has made every effort to ensure electricity, gas and petroleum supplies in the context of market tension, affirming its pivotal role in the country's economy.

Thanks to flexible governance measures, especially the governance of uncertainties, the Vietnam Oil and Gas Group (PetroVietnam) has stayed resilient to oil price fluctuations and the COVID-19 pandemic’ impacts over the last three years.

The Petrovietnam LPG Joint Stock Company (PV GAS LPG)’s southern branch, an affiliate of the PetroVietnam Gas Joint Stock Corporation (PV GAS), has officially put into use a liquefied petroleum gas (LPG) extraction and filling station in the central province of Khanh Hoa.

PV GAS Trading, an affiliate of the PetroVietnam Gas Joint Stock Corporation (PV GAS), recently provided the first batch of propane for the southern petrochemical complex of the Long Son PetroChemicals Co. Ltd (LSP).