Tag: "crude oil"

Exports gain 12.8 percent in Q1

Exports gain 12.8 percent in Q1

Vietnam’s export revenue in the first quarter of 2017 rose 12.8 percent against the same period last year to US$43.7 billion, according to the General Statistics Office of Vietnam.

Oil exploitation exceeds Q1’s target

Oil exploitation exceeds Q1’s target

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.

HCMC budget revenues from crude oil seen declining

HCMC budget revenues from crude oil seen declining

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.

How high is the petroleum consumption in Vietnam?

How high is the petroleum consumption in Vietnam?

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.

Vietsovpetro taps 5.04 million tonnes of crude oil this year

Vietsovpetro taps 5.04 million tonnes of crude oil this year

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.

NA Standing Committee suggests increasing basic salary

NA Standing Committee suggests increasing basic salary

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.

PetroVietnam aims to produce 6.5 mln tonnes of oil in Q4

PetroVietnam aims to produce 6.5 mln tonnes of oil in Q4

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.

Exports plunge in September

Exports plunge in September

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).

Vietnam, Russia boost links in oil and gas production

Vietnam, Russia boost links in oil and gas production

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.

PetroVietnam earns over US$2.4 billion in first half

PetroVietnam earns over US$2.4 billion in first half

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.

Vietnam exports surge, says GSO

Vietnam exports surge, says GSO

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).

Mining-sourced tax collection needs improvements

Mining-sourced tax collection needs improvements

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.

Crude oil exports to China skyrocket

Crude oil exports to China skyrocket

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.

Vietnam records GDP growth slowdown in Q1

Vietnam records GDP growth slowdown in Q1

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).