Fitch Ratings has assessed the Vietnam Oil and Gas Group (PetroVietnam)'s Standalone Credit Profile (SCP) at 'BB+', reflecting the company's conservative financial profile, diversification and integration.
The Vietnam – Russia oil and gas joint venture Vietsovpetro is likely to complete all of its yearly targets in revenue, profit and State budget payment right in September thanks to comprehensive and effective measures to promote production.
The PetroVietnam Exploration Production Corporation (PVEP), has surpassed all of its business goals, with the contribution to the State Budget 7% higher than the year’s plan.
The Vietnam Oil and Gas Group (PetroVietnam) reported that its pre-tax profit in the first eight months of the year surpassed the set plan by 177% and tripled the figure for the same period last year, reaching VND30.2 trillion (US$1.32 billion).
VOV.VN - The first eight month of the year saw Vietnam suffer trade deficit of US$3.71 billion, including US$20.36 billion from the domestic economic sector, according to figures provided by the General Statistics Office (GSO).
The Vietnam Oil and Gas Group (PetroVietnam) has been reviewing legal regulations to identify any obstacles to its operations and propose settlement recommendations.
Russian Ambassador to Vietnam Gennady Bezdetko has published an article on the occasion of the Vietnam – Russia oil and gas joint venture Vietsovpetro celebrating its 40th founding anniversary and 35 years since it began oil and gas exploitation.
The US Department of Commerce (DOC) has announced the results of the third administrative review for Vietnam’s oil country tubular goods (OCTG) for the period from September 1, 2018, to August 31, 2019, according to Trade Remedies Authority of Vietnam under the Ministry of Industry of Trade.
The PetroVietnam Exploration Production Corporation (PVEP) reported revenue of VND14.35 trillion (US$623.59 million) in the first six months of 2021, equivalent to 144% of its target.
Deputy Prime Minister Le Van Thanh has asked the Ministry of Industry and Trade to give careful consideration to the proposal of extending the amount of foreign ownership at petrol and oil business to 35%.