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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.

Former petrochemical executives receive 4-8 years in prison

Former petrochemical executives receive 4-8 years in prison

Four former executives of Binh Son Refining and Petrochemical JSC (BSR) on January 22 were sentenced to four to eight years in prison for charges of “abusing position and power to appropriate assets”, following a two-day trial.

PetroVietnam requested to regain growth engine role

PetroVietnam requested to regain growth engine role

Prime Minister Nguyen Xuan Phuc attended a meeting of the Vietnam National Oil and Gas Group (PetroVietnam) in Hanoi on January 11, asking the firm to overcome ups and downs to re-establish the sector as a growth engine of the country.

Challenges ahead for oil industry

Challenges ahead for oil industry

Vietnam’s oil industry needs to overcome four big challenges to maintain its position as a leading economic sector.

PV Power cancels UPCoM listing this week

PV Power cancels UPCoM listing this week

The PetroVietnam Power Corporation (PV Power) will cancel the trading of more than 467.8 million shares on the Unlisted Public Company Market (UPCoM) on December 28, the Hanoi Stock Exchange (HNX) has announced.

PetroVietnam surpasses production targets for 11 months

PetroVietnam surpasses production targets for 11 months

The Vietnam National Oil and Gas Group (PetroVietnam) has reported an oil and gas production output of 22.1 million tonnes in the first 11 months of 2018, surpassing its target by 5.4% and fulfilling 96.8% of its yearly plan.

An Phat, PVTEX introduce new product at Dinh Vu plant

An Phat, PVTEX introduce new product at Dinh Vu plant

An Phat Holdings JSC (APH), An Son Textile Fiber JSC and PetroVietnam’s Petrochemical and Textile Fiber Joint-Stock Company (PVTEX) officially introduced the new AnPoly yarn at Dinh Vu polyester fibre plant on November 16, paving the way to re-opening the whole plant in 2019.

FDI lays foundation for acceleration of oil and gas sector

FDI lays foundation for acceleration of oil and gas sector

Since the Vietnamese Government and Italian contractor AGIP signed the first production sharing contract in 1978, foreign direct investment (FDI) in the oil and gas sector has not only brought large revenue to the country but also laid important foundations for the sector to develop strongly.