Tag: "petrovietnam"

PM approves plan for loss-making projects

PM approves plan for loss-making projects

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.

Oil and gas sector urged to adjust business strategy

Oil and gas sector urged to adjust business strategy

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.

PetroVietnam chief accountant arrested for economic mismanagement

PetroVietnam chief accountant arrested for economic mismanagement

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.

PV Oil to offer 20% stake in coming IPO: HSC

PV Oil to offer 20% stake in coming IPO: HSC

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.

PVtex to be revived with Indian help

PVtex to be revived with Indian help

Reliance Industry Company from India decided to co-operate with PetroVietnam to restart Dinh Vu polyester plant located in the northern city of Haiphong.

Criminal proceedings launched against violation at PetroVietnam

Criminal proceedings launched against violation at PetroVietnam

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).

Large-scale investments promise FDI breakthrough

Large-scale investments promise FDI breakthrough

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.

PM promises optimal conditions for ExxonMobil

PM promises optimal conditions for ExxonMobil

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.

PV Power raises share-for-sale IPO ratio to 20%

PV Power raises share-for-sale IPO ratio to 20%

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.

Former PVC chairman Thanh gives himself up to police

Former PVC chairman Thanh gives himself up to police

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.