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 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).

The Vietnam Oil and Gas Group (PetroVietnam) has been reviewing legal regulations to identify any obstacles to its operations and propose settlement recommendations.

The Ministry of Health on August 20 received 200 high-flow ventilators donated by the Vietnam Oil and Gas Group (PetroVietnam) to support southern localities in treating COVID-19 patients.

Bien Dong Petroleum Operating Company (Biendong POC), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), has reported that its revenue in the first six months of 2021 exceeded the set plan by 4%.

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.

The Vietnamese Embassy in Malaysia on July 3 handed over 100 gift packages donated by the PetroVietnam Technical Service Joint Stock Corporation (PTSC) to Vietnamese people in Penang state who are facing tough challenges amid the COVID-19 pandemic.

The Oil and Gas Group (PetroVietnam) on June 18 welcomed the first flow of gas from Su Tu Trang (White Lion) oil field in phase 2A.

Surging international crude oil price on improving demand has helped many oil and gas companies record big profits in the first quarter of this year, after losing in 2020.