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PetroVietnam enjoys good business results despite falling oil prices

PetroVietnam enjoys good business results despite falling oil prices

The Vietnam Oil and Gas Group (PetroVietnam) earned 489.5 trillion VND (over 21 billion USD) in revenue in the first eight months of the year, exceeding the target by 19 percent although the average price of crude oil fell to 58.62 USD per barrel in August compared to the predicted price of 65 USD per barrel.

Implementation of Vietnam-Russia int’l treaties assessed

Implementation of Vietnam-Russia int’l treaties assessed

A delegation of the National Assembly’s Committee for External Affairs paid a working visit to Russia from June 27-28 to evaluate the implementation of international treaties signed by Russia and Vietnam for the 2001-2018 period.

Korea Eximbank opens 2 billion USD credit line to PetroVietnam

Korea Eximbank opens 2 billion USD credit line to PetroVietnam

The Export-Import Bank of Korea (Korea Eximbank) has said that it has agreed to open a 2 billion USD credit line to Vietnam’s State-owned Vietnam Oil and Gas Group (PetroVietnam) in a bid to help more Korean companies venture into the fast-growing economy.

Vietnam prepares for competitive electricity market by 2021

Vietnam prepares for competitive electricity market by 2021

Not much work has been done to prepare for the opening of the competitive retail market, slated for 2021. Under the PM Decision released in October 2013, the competitive electricity market will take shape in a 3-stage roadmap.

Vietnam forecast to face net imports of crude oil

Vietnam forecast to face net imports of crude oil

Vietnam’s self-sufficiency for crude oil could come to an end due to exploitation that could turn the country into a net importer of crude oil for the first time, experts warned.

Vietnam greatly values ties with Malaysia

Vietnam greatly values ties with Malaysia

VOV.VN - Vietnam always treasures its ties with Malaysia, one of the country’s most important partners in the region, said Prime Minister Nguyen Xuan Phuc at a reception for Malaysian Foreign Minister Saifuddin Abdullah in Hanoi on May 16.

Vietsovpetro surpasses production targets in two months

Vietsovpetro surpasses production targets in two months

The Russia - Vietnam oil and gas exploration joint venture, Vietsovpetro, reported an oil and gas production output of 609,700 tonnes in the first two months of the year, exceeding its target by 6.7 percent.

Former executives of oil corporation to be tried for appropriation of property

Former executives of oil corporation to be tried for appropriation of property

The Supreme People’s Procuracy has completed the indictment on a case of abusing position and power to appropriate property at the PetroVietnam Exploration Production Corporation (PVEP) and assigned the Hanoi People’s Procuracy to exercise public prosecution in the first-instance trial of the case.

Ministry to step up SOEs restructuring, equitisation in 2019

Ministry to step up SOEs restructuring, equitisation in 2019

The Ministry of Industry and Trade has announced that its Department of Finance and Enterprise Innovation will step up the restructuring and equitisation of State-owned enterprises (SOEs), together with listing them on the stock market.