Tags: pvn

PetroVietnam in need of investment capital

PetroVietnam in need of investment capital

Demand for investment capital at the Vietnam Oil and Gas Group (PetroVietnam) and its member units for 2018-20 is estimated to reach 620 trillion VND (26.7 billion USD), PetroVietnam Securities Inc (PSI) recently announced.

Construction starts on one-million-tonne Thi Vai LNG warehouse

Construction starts on one-million-tonne Thi Vai LNG warehouse

The state-owned oil and gas group PetroVietnam (PVN) and its member company, PetroVietnam Gas Corporation (PV Gas) started construction on a liquefied natural gas (LNG) warehouse at Thi Vai Terminal in the southern province of Ba Ria – Vung Tau on October 28.

PVN’s business result exceeds set target

PVN’s business result exceeds set target

The Vietnam Oil and Gas Group (PVN) gained 365.5 trillion VND (15.78 billion USD) in revenue in the first half of this year, or 18 percent higher than its six-month plan, heard a conference held by the group on July 17.

Japanese bank eyes EVN’s energy projects

Japanese bank eyes EVN’s energy projects

The Japan Bank for International Cooperation (JBIC) is interested in investment plans for energy projects of the Vietnam Electricity (EVN) and Vietnam Oil and Gas Group (PVN), unveiled Kazuhisa Yumikura, Managing Executive Officer and Global Head of Infrastructure and Environment Finance Group at JBIC.

An inevitable trend

An inevitable trend

Divestment from State-owned enterprises and groups is an inevitable trend brought about as the consequence of rampant investments through “powerful blows” during the years in the late 2000s and early this decade.

Appeal trial on PVC case: Trinh Xuan Thanh withdraws appeal

Appeal trial on PVC case: Trinh Xuan Thanh withdraws appeal

The Supreme People’s Court on May 7 began the appeal trial of the case on “asset embezzlement” and “deliberately violating State regulations on economic management, causing severe consequences” at PetroVietnam Construction JSC (PVC), a subsidiary of the national oil and gas giant PetroVietnam (PVN).

Limit scrapped for foreign ownership in PVFCCo

Limit scrapped for foreign ownership in PVFCCo

Foreign investors can now acquire more than 49% of shares, the previous limit on foreign ownership, in PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo), the operator of Phu My fertilizer plant.

PetroVietnam to continue with large-scale divestment

PetroVietnam to continue with large-scale divestment

The State-owned Vietnam Oil and Gas Group (PetroVietnam or PVN) has drafted a plan for a comprehensive restructuring until 2025, under which it will continue with large-scale divestment from all of its member corporations and companies.

Binh Son refinery reports high profit

Binh Son refinery reports high profit

The Binh Son Refining and Petrochemical Company (BSR) reported pre-tax profits of VND1.3 trillion (US$57.1 million) in the first quarter of 2018, up 46% compared to the quarterly target.

Trinh Xuan Thanh sentenced to life imprisonment

Trinh Xuan Thanh sentenced to life imprisonment

Former Chairman of PetroVietnam (PVN) Construction Joint Stock Corporation (PVC) Trinh Xuan Thanh on January 22 was sentenced to life imprisonment for his wrongdoings at the corporation.