Total FDI capital poured into new and existing projects and used to contribute capital and buy shares in domestic companies reached US$9.9 billion in Jan-May, down 18.3% year on year.
Irrespective of listed domestic giants like Vingroup and Novaland Group securing substantial sales revenue and profits from the real estate sector in 2017, the 12 medium- and small-scale domestic gas and oil firms which previously poured significant capital into the sector were reported to suffer heavy losses.
Several listed companies on the two national stock exchanges have been punished for tax-related violations.
The US-based power company AES Corporation said it wants to join the PetroVietnam Gas JSC (PV Gas) in the Son My 2 gas-fired thermal power project.
Deputy Prime Minister Trinh Dinh Dung has urged PV Power, a member company of the Vietnam Oil and Gas Group (PVN), to accelerate the implementation of electricity projects.
Vietnam will continue encouraging Russian oil and gas enterprises to expand investment in the country, said Deputy Prime Minister Trinh Dinh Dung.
VOV.VN - Deputy Prime Minister Trinh Dinh Dung met with Zarubezneft General Director Sergey Kudryashov on March 16 in Hanoi to discuss expanding cooperation in oil and gas ventures.
The Vietnam-Azerbaijan Inter-Governmental Commission on Economic-Trade and Science-Technology Cooperation convened its first session in Hanoi on January 16, aiming to boost ties across trade, oil and gas, education-training, tourism and culture.
The Vietnam-Russia Oil and Gas Joint Venture Enterprise (Vietsovpetro) has welcomed the first flow of oil and condensate from TU-6 well of BK-TNG platform in the Thien Ung field.
VOV.VN - China is the key supplier of liquefied gas for Vietnam, accounting for 39% of market shares with 377,000 tons valued at US$157.6 million in the first ten months of this year, up 17.16% in volume but down 5.75% in value over the same period last year.
The National Oil and Gas Group (PetroVietnam) earned VND367.2 trillion (equivalent to US$16.5 billion) in revenues in the first ten months of 2016, 5% higher than the target set for the period and fulfilling 84% of its yearly goal.
VOV.VN - Vietnam needs around 1.84 million tons of gas next year, a year-on-year increase of 8%, according to the Vietnam Gas Association (VGA).
Vietnamese shares were saved on October 11during the late period as higher oil prices helped raise energy firms and steelmakers advanced on expectations for good third-quarter performance reports.
VOV.VN - The Vietnam Oil and Gas Group, whose international transaction name is Petrovietnam, or PVN for short, announced on August 22 that it has signed an agreement with Total E&P Myanmar Ltd to supply oil rigs.
The base prices of RON 92 petrol and E5 bio-fuel fell VND200 per litre as of 3:00 p.m on July 5 under a joint decision issued by the ministries of Industry and Trade, and Finance earlier in the day.
VOV.VN - Romania, is poised to attract huge amounts of foreign direct investment (FDI) in the near future said speakers at a June 15 Vietnam-Romania Business Forum in Ho Chi Minh City.
The retail prices of RON 92 petrol and E5 bio-fuel increased by VND243 and VND239 per litre, respectively, from 3:00pm on May 20.
Vietnam and Russia should step up their legislative ties through the exchange of information and experience in law-making and supervision activities, said Prime Minister Nguyen Xuan Phuc.
The Vietnam National Oil and Gas Group (PetroVietnam) had a working session with Petronas, the national oil and gas company of Malaysia, to foster the implementation of oil and gas projects between the two countries.
Vietnamese Prime Minister Nguyen Xuan Phuc and his Russian counterpart Dmitry Medvedev emphasised the resolve to enhance the countries’ comprehensive strategic partnership during their talks in Moscow on May 16.