Telecommunications, IT and retail firms took the lead in terms of profitability last year on the list of Profit 500 – the top 500 firms with the highest profits in Vietnam.
The Prime Minister recently issued a decision outlining solutions for loss-making projects under the management of the Ministry of Industry and Trade. The aim is to turn them into efficient projects by 2020, at the latest, or let them be dissolved.
The oil and gas sector needs to adjust its production and business strategy so that it could compete with foreign rivals locally and internationally, said participants at a seminar in Hanoi on September 26.
The Ministry of Public Security’s Investigation Agency on September 26 detained and launched legal proceedings against chief accountant of the Vietnam National Oil and Gas Group (PetroVietnam) Le Dinh Mau for intentionally violating State regulations on economic management causing consequences.
PetroVietnam Oil Corporation (PV Oil) may double the amount of shares offered as part of its initial public offering (IPO), which is scheduled in the fourth quarter of this year.
Reliance Industry Company from India decided to co-operate with PetroVietnam to restart Dinh Vu polyester plant located in the northern city of Haiphong.
More than 96% of SOEs slated for equitization have been equitized, but only 8% of the state’s capital has been transferred to the private sector.
The Investigation Police Agency under the Ministry of Public Security on September 1 issued a decision launching criminal proceedings against the suspected deliberately violation of State regulations causing serious consequences at the Vietnam National Oil and Gas Group (PetroVietnam).
Agreements on wellhead gas prices and transport costs for Block B – O Mon gas project were signed in Hanoi on September 1.
The PetroVietnam Drilling & Well Service Corporation (PV Drilling) has signed a contract worth over 6 million USD to offer jack-up drilling services to Singapore-based KrisEnergy
Many large-scale investment projects and cooperation agreements have been signed for the near future, promising a breakthrough in foreign direct investment (FDI) attraction in Vietnam.
The Government of Vietnam will create favourable conditions for the US oil and gas group ExxonMobil to successfully implement cooperation programmes and projects in Vietnam, Prime Minister Nguyen Xuan Phuc has said.
The Vietnam National Oil and Gas Group (PetroVietnam) and the Siam Cement Group (SCG) of Thailand have just signed an agreement on accelerating the progress of a petrochemical project in southern Vietnam.
Vietnam National Oil and Gas Group (PetroVietnam) will complete the divestment from several subsidiaries by 2020, according to newswire Petrotimes.
The PetroVietnam Power Corporation (PV Power), the country’s second-biggest power provider, will offer 20% of its total shares for sale at an initial public offering (IPO) in December.
The Republic of Korea (RoK)’s Hyundai Engineering and Construction Company (HEC) has won a US$320 million contract to build facilities at the Long Son Petrochemical Complex.
VOV.VN - Thai based construction material conglomerate, Siam Cement Group, together with PetroVietnam have unveiled plans to joint venture a US$5.6 billion petrochemical complex.
The Vietnam National Oil and Gas Group (PetroVietnam) produced 9.23 million tonnes of oil in the first seven months of 2017, the group reported to Prime Minister Nguyen Xuan Phuc in Hanoi on August 5.
VOV.VN - Tokyo Gas Asia Pte Ltd, a wholly owned subsidiary of Tokyo Gas Co, Ltd, has acquired a 24.9% equity interest in PetroVietnam Low Pressure Gas Distribution JSC, a subsidiary of the PetroVietnam Gas JSC.
Trinh Xuan Thanh, former Chairman of the PetroVietnam Construction Corporation (PVC), gave himself up to the Investigation Security Agency under the Ministry of Public Security after nearly one year of evading international arrest warrant, the ministry reported on July 31.