The Vietnam Oil and Gas Group (PetroVietnam) on September 1 reported an oil equivalent output of 7.76 million tonnes in the first eight months of this year, 8.2% higher than the set target.
Ho Chi Minh City’s foreign trade totalled more than US$60.48 billion in the first eight months of this year, down 0.03% against the same period of 2019.
PetroVietnam Technical Services Corporation (PTSC) announced revenue of VND5.47 trillion (US$238 million) in the second quarter of this year, up 13.4% year-on-year.
The Vietnam Oil and Gas Group (PetroVietnam) reported total revenue of VND283.5 trillion (US$12.2 billion) in the first half of this year, contributing VND32 trillion to the State budget.
An estimated VND577 trillion (US$24.86 billion) was collected for the State budget in the first five months of the year, equal to 38.2% of the estimate and down 9.2% compared to the same period last year.
Ho Chi Minh City posted export revenue of more than US$3.38 billion in May, an increase of 10% against April, the city’s Customs Department has said.
The Vietnam Oil and Gas Group (PetroVietnam)’s exploited crude oil output in the first four months of 2020 reached 7.2 million tonnes of oil equivalent, exceeding its set target by 7.7%, despite difficulties caused by the COVID-19 pandemic and a sharp decrease in oil prices.
Vietnam’s fruit and vegetable exports to Thailand were US$50.51 million in the first quarter of 2020, shooting up 308.77% from the same period last year, according to the General Department of Vietnam Customs.
The plummeting world crude oil prices will not have too great impact on Vietnam’s State budget revenue, said Vo Thanh Hung, head of the State Budget Department under the Ministry of Finance.
Disbursement of public investment was low in January due to impacts of the week-long Tet holiday, according to the General Statistics Office (GSO).
With a record trade surplus of 9.12 billion USD over the first 11 months and year-on-year export growth of 7.8 percent, experts believe that 2019 will be the fourth straight year Vietnam will post a trade surplus.
Vietnam shipped abroad more than 3.72 million tonnes of crude oil worth over 1.87 billion USD in the first 11 months of 2019, up 3.3 percent in volume but down 8.4 percent in value year-on-year, according to the General Department of Vietnam Customs.
The Vietnamese side in the Vietnam – Russia oil and gas joint venture Vietsovpetro earned 722.3 million USD in profit in the first nine months of this year, surpassing the plan for the period by 22.7 percent.
Vietnam’s self-sufficiency for crude oil could come to an end due to exploitation that could turn the country into a net importer of crude oil for the first time, experts warned.
Vietnam shipped 719,259 tonnes of crude oil abroad for 337.3 million USD in the first two months of 2019, up 7.1 percent in volume but down 7.9 percent in value compared to the same period last year.
VOV.VN - Vietnam’s exports rose by 14.2% to US$200.27 billion in the first 10 months of this year, of which the domestic sector made up US$56.82 billion (up 16.8%) and the foreign direct investment (FDI) sector, including crude oil, accounted for US$143.45 billion (up 13.2%).
VOV.VN - A conference on Singapore-Vietnam business connectivity was held in Ho Chi Minh City on October 15, drawing representatives of 12 Singaporean businesses including two groups - Sembcorp and NTUC, who are on a Vietnam trip from October 15-19 to seek trade and investment opportunities.
All the financial targets of the Vietnam National Oil and Gas Group (PetroVietnam) in the past nine months surpassed the plan thanks to the improvement in the price of crude oil, according to insiders.
Vietnam earned more than US$3.7 billion from exports to Thailand as of August 2018, up 21% year on year, higher than the country’s average of 16.7%, according to the General Statistics Office.
Total budget collection in the January-August period was estimated at VND871.8 trillion (US$37.3 billion), or 66.1% of the yearly estimates, an increase of 13.8% year on year, according to the Finance Ministry.