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Petrolimex focus on divestments and restructuring in 2019

Petrolimex focus on divestments and restructuring in 2019

Việt Nam National Petroleum Group (Petrolimex) will focus on divestments and restructuring in 2019, implementing unfinished tasks from last year, the company’s management board announced at its annual shareholders’ meeting last week.

Petrol prices continue to drop

Petrol prices continue to drop

The Vietnam National Petroleum Group (Petrolimex) on January 1 announced decreases in petrol prices following a decision jointly issued by the Ministry of Industry and Trade and the Ministry of Finance.

Top 500 largest enterprises in Vietnam announced

Top 500 largest enterprises in Vietnam announced

The list of top 500 largest enterprises in Vietnam (VNR500) has been unveiled, showing that Vietnam’s private sector continued to post strong growth with the compounded annual growth rate (CAGR) among private firms rising significantly, reaching 21.8 percent in the 2014-2017 period.

667 SOEs equitized but yet listed

667 SOEs equitized but yet listed

As many as 667 equitized State-owned enterprises (SOEs), including many big names, have yet to list their shares on the stock exchanges so far, said Minister of Finance Dinh Tien Dung on November 21.

Experts talk ways to help businesses improve competitiveness

Experts talk ways to help businesses improve competitiveness

Companies should offer higher-quality products and authorities should provide better business networking opportunities to increase purchase of locally made goods and parts, experts said during a conference on competitiveness held on October 11 in HCM City.

Petrolimex: business on track following restructure

Petrolimex: business on track following restructure

Prime Minister Nguyen Xuan Phuc sent a working group to the Vietnam National Petroleum Group (Petrolimex) on September 25 to examine the firm’s implementation of tasks assigned by the Prime Minister and the Government so far.

Idemitsu Q8 opens third petrol station in Vietnam

Idemitsu Q8 opens third petrol station in Vietnam

Japan-Kuwait joint venture Idemitsu Q8, the first 100% foreign-owned oil & gas retail company in Vietnam, has opened its third petrol station in the northern province of Hung Yen.

Petrolimex plans second treasury stock sale by year-end

Petrolimex plans second treasury stock sale by year-end

The Vietnam National Petroleum Group (Petrolimex) is proceeding to sell a maximum of 60 million treasury stocks on the Ho Chi Minh Stock Exchange, the second sale of its kind since its debut in April 2017.

Petrolimex, JCCP ink second-phase cooperation deal

Petrolimex, JCCP ink second-phase cooperation deal

The Vietnam National Petroleum Group (Petrolimex) and the Japan Cooperation Centre Petroleum (JCCP) has signed an agreement for the second phase of a technical cooperation project on operating the petroleum depot at Petrolimex’s headquarters.

Vietnam's HDBank to absorb PGBank in merger

Vietnam's HDBank to absorb PGBank in merger

Vietnam’s Ho Chi Minh City Development Joint Stock Bank, better known as HDBank, said its shareholders approved on April 21 a plan to merge with the unlisted Petrolimex Group Commercial Joint Stock Bank as it seeks to expand operations in the country.

Ten divestments in spotlight for 2018

Ten divestments in spotlight for 2018

After 2017’s significant state capital divestment deals, the Vietnamese market is expected to see some of the most anticipated sales in 2018.