A number of listed companies have announced lower earnings in April after closing for half of the month.
Prime Minister Nguyen Xuan Phuc on May 21 chaired a meeting with permanent Government members to discuss measures to tackle difficulties faced by the Vietnam Oil and Gas Group (PetroVietnam) and the national flag carrier Vietnam Airlines.
The Vietnam Oil and Gas Group (Petrovietnam) is striving to achieve the “dual goal” in the context of “dual crisis” from the COVID-19 pandemic and the plunge in oil price.
The Vietnam Oil and Gas Group (PetroVietnam)’s exploited crude oil output in the first four months of 2020 reached 7.2 million tonnes of oil equivalent, exceeding its set target by 7.7%, despite difficulties caused by the COVID-19 pandemic and a sharp decrease in oil prices.
PetroVietnam Power Corporation (PV Power) reported revenue of nearly VND7.8 trillion (US$334.7 million) in the first quarter of this year, more than 23% of the annual goal.
PetroVietnam Gas Corporation JSC (PVGas) earned VND17.5 trillion (US$743.4 million) of total revenue in the first quarter of the year.
VOV.VN - PV Power, a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), achieved a milestone of reaching 200 billion kWh of output on April 6, marking itself as the nation's leading electricity supplier after nearly 13 years since beginning operations.
The Vietnam Oil and Gas Group (PetroVietnam) has reported that its exploitation of crude oil in the first quarter of 2020 exceeded the target by 10%.
The Commission for the Management of State Capital at Enterprises (CMSC) must continue to support managers of 12 struggling mega-projects under the Ministry of Trade and Industry with the State’s capital investment, heard a conference in Hanoi on March 19.
The Vietnam Oil and Gas Group (PetroVietnam) has reported that its exploitation in the first two months of 2020 exceeded the set plan by 11.5%.
Regulatory overlapping was the biggest problem at State-owned enterprises (SOEs) since they were handed over to the Commission for the Management of State Capital at Enterprises, officials have said.
Deputy Prime Minister Trinh Dinh Dung on March 3 hosted a reception for Paul Blakeley, President and Chief Executive Officer of Jadestone Energy Inc. - a Singapore-based multinational energy firm.
The successful equitisation and capital divestment of State-owned enterprises (SOEs) would create benefits that boosted the stock market and business performance, experts have said.
The Ministry of Industry and Trade has requested state-owned coal and oil-gas producers to develop plans and measures to response to impact of the acute respiratory disease caused by a new coronavirus (COVID-19) outbreak.
PetroVietnam Power Corporation (PV Power) has said that a consortium of Citibank and Ingbank will arrange funds for the construction of its gas-fired power plants Nhon Trach 3 and 4 in the southern province of Dong Nai.
The Ministry of Public Security’s Security Investigation Agency has proposed prosecuting Dinh La Thang, former Chairman of the Board of Directors of the Vietnam Oil and Gas Group (PetroVietnam) and nine accomplices on charges of violating regulations on construction works, causing serious consequences at the Petrochemical and Bio-Fuel JSC (PVB) - a subsidiary of this group.
Foreign investors bought more Vietnamese stocks than they sold in January, snapping a month-long streak as net buyers after offloading shares in the last five months of 2019.
The Vietnam Oil and Gas Group (PetroVietnam) surpassed many targets, including revenue and state budget contribution in the first month of 2020.
VOV.VN - The past seven decades have seen Russia and Vietnam enjoy sound diplomatic relations as both nations accumulate a wealth of important creative experience in co-operation across multiple fields.
Three large-cap companies that debuted on the Ho Chi Minh Stock Exchange (HoSE) in 2019 saw their shares beaten by the benchmark VN-Index at the end of the year.