PetroVietnam Power Corporation (PV Power) reported a post-tax profit of VND720 billion (over US$31.2 million) in the first quarter of 2021, surpassing the quarterly plan by 6%.

Many Vietnamese companies in the oil and gas field might post positive results in the first quarter of 2021 thanks to the strong rally of crude oil in the international market.

The PetroVietnam Exploration Production Corporation (PVEP), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), has surpassed all of its business goals in the first quarter of 2021, with contribution to the State Budget particularly 41% higher than the year’s plan.

Former Chairman of the Board of Directors of the Vietnam National Oil and Gas Group (PetroVietnam) Dinh La Thang was sentenced to 11 years in prison, during a trial on the case of violating regulations on investment in construction works, causing serious consequences at an ethanol plant in the northern province of Phu Tho on March 15.

A prison term from 12 to 13 years has been proposed for former Chairman of the Board of Directors of the Vietnam National Oil and Gas Group (PetroVietnam) Dinh La Thang, during an ongoing trial on the case of violating regulations on investment in construction works, causing serious consequences at an ethanol plant in the northern province of Phu T

Prime Minister Nguyen Xuan Phuc has affirmed the significant role played by the Vietnam Bank for Social Policies (VBSP) in the country’s poverty alleviation efforts.

Officials from the State Bank of Vietnam (SBV) and the Ministry of Public Security have warned that investment in foreign exchange (forex) trading floors is extremely risky and not protected by the country's law.

PetroVietnam Exploration Production Corporation (PVEP) said it has rolled out measures synchronously to stabilise production and combat the COVID-19 pandemic, thus ensuring safety for its employees and oil and gas projects.

The Vietnam Oil and Gas Group (PetroVietnam) and the Shinkong Synthetic Fibers Corporation (SSFC) – an affiliate of Taiwan (China)’s Shin Kong Group signed a cooperation agreement via a video conference on February 4.

Prime Minister Nguyen Xuan Phuc on January 11 said the Vietnam Oil and Gas Group (PetroVietnam) needs to remain a role model in expanding markets, optimising opportunities, connecting investment, and reviving growth, among other matters.