VOV.VN - The Vietnam National Oil and Gas Group (PVN) produced about 6.45 million tonnes of crude oil in the first quarter of this year, exceeding its three-month plan by 5 percent.
Budget collections from crude oil exports in HCMC are expected to continue falling to VND12.4 trillion (US$546 million) this year, heard the city government’s conference on socio-economic tasks for 2017.
The Ministry of Industry and Trade has said that it could not find exact statistics about the annual consumption of petroleum products in Vietnam when it was drafting the program on the crude oil and petroleum product storage system.
The Vietnam-Russia joint venture Vietsovpetro expects to tap 5.04 million tonnes of crude oil as targeted this year, heard the 47th meeting of Vietsovpetro’s Council recently held in the southern province of Ba Ria – Vung Tau.
The Binh Son Refining and Petrochemical Company (BSR) will produce more than 1 million tonnes of products between now and the year-end, increasing its total yearly output to 6.91 million tonnes of products, 100,000 tonnes higher than the 2015 volume.
Some members of the National Assembly’s Finance and Budget Committee suggested the government increase monthly basic salary by 7 percent to VND1.3 million (US$59) in 2017 at the fourth session of the NA’s Standing Committee in Hanoi on October 17.
The Vietnam National Oil and Gas Group (PetroVietnam) plans to exploit 6.49 million tonnes of oil equivalent, including 3.88 million tonnes of crude oil and 2.61 billion cubic metres of gas in the remaining months of this year.
VOV.VN - The country’s exports in September is estimated to reach US$15 billion, down 6.8% compared to August, according to the latest statistics from the General Statistics Office of Vietnam (GSO).
Vietsovpetro, a Vietnam – Russia joint venture, held a ceremony in the southern province of Ba Ria-Vung Tau on August 12 to mark its 35th founding anniversary and 30 years since its first tonne of crude oil was exploited.
The Vietnam National Oil and Gas Group (PVN) earned US$11.3 billion in revenue and paid VND50.7 trillion to the State budget in the first seven months of this year.
The industrial production index rose 7.2% year-on-year in July, the General Statistics Office has announced.
Russian President Vladimir Putin has signed a federal law on ratifying the Agreement between the Russian and Vietnamese Governments on cooperation in geological survey and production of oil and gas in Russia within the framework of the joint venture Rusvietpetro.
The National Oil and Gas Group (PetroVietnam) garnered more than US$2.4 billion from selling 8.68 million tonnes of crude oil and condensate in the first half of this year, fulfilling 37.15% of the yearly target.
By the end of June, if the investor of the giant Nhon Hoi petrochemical project cannot finalize the investment plan, the authorities of Binh Dinh province will invite other investors or change the project.
The country generated more than US$67.7 billion from exports in the first five months of this year, surging 6.6% against the same period last year, according to the General Statistics Office (GSO).
A recovery in prices in April was not enough to prevent a sharp fall in Vietnam's oil revenues.
Tax collected from the mining of natural resources, excluding crude oil, accounted for between 0.9% – 1.1% of the total state tax collections in the 2011-2013, according to the Ministry of Finance.
VOV.VN - Vietnam shipped 1.2 million tons of crude oil to China to get US$323 million in the first quarter of this year, up 253% in volume and 130.5% in value against the corresponding period last year, according to the General Department of Vietnam Customs.
Gross domestic product (GDP) expanded by 5.46% in the first quarter, slower than the 6.12% during the same period last year, according to the General Statistics Office (GSO).
The total State budget revenue topped VND160 trillion (US$7.27 billion) in the first two months of this year, up 2.4% annually, according to the Finance Ministry.