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Crude oil revenue shrinks 40 percent in February

State budget revenue from crude oil in February was VND2.7 trillion ($120 million), down 40 percent year on year, according to the Vietnamese government.

Vietnam’s coal, natural gas, LPG output rise; crude oil down in Q1

Vietnam’s estimated production of key energy commodities, comprising coal, natural gas and liquefied petroleum gas, went up but estimated output of crude oil fell in the first quarter of this year, data from the General Statistics Office showed.

Vietcombank lends $90 million to Dung Quat oil refinery operator

Vietcombank has pledged loans worth a total of VND5 trillion ($224 million) to Binh Son Refining and Petrochemical Company, the operator of Vietnam's only working oil refinery and a subsidiary of state-owned oil giant PetroVietnam.
May 09, 2016 | 12:21 pm GMT+7

Global market wrap up: Dollar firms, weaker yen boosts Nikkei

Asian shares got off to a weak start on Tuesday, pressured by weaker crude oil prices, though Japanese shares got a tailwind as the dollar stood tall against the yen. China inflation data awaited after downbeat trade figures. Euro edges up slightly.
May 10, 2016 | 08:41 am GMT+7

Global market wrap up: Asian shares edge down, take cue from Wall Street

Asian shares fell on Thursday following a dismal day on Wall Street, while crude oil futures gave back some of their overnight gains after jumping on an unexpected fall in U.S. crude inventories.
May 12, 2016 | 08:16 am GMT+7

Vietnam spends $2.3 billion to pay back foreign debts during Jan-Apr

Vietnam's government spent $2.3 billion to pay back foreign debts in the first four months of this year, a report by the Finance Ministry showed.
May 13, 2016 | 06:47 pm GMT+7

Top oil distributor generates $50 million amid falling global oil prices

Petrolimex, Vietnam’s biggest oil importer and distributor, earned nearly VND1.4 trillion ($60 million) in the first quarter of this year, according to a financial report published by the company.
May 16, 2016 | 04:45 pm GMT+7

Vietnam extends budget deficit to $3 billion from Jan-May

Vietnam ran a budget deficit of VND66.4 trillion ($2.96 billion) in the first five months of this year, according to the General Statistics Office.
May 30, 2016 | 07:08 pm GMT+7

Vietnam playing catch-up to hit 2016 economic growth target: GSO official

Vietnam could fall well short of its ambitious growth target.
July 05, 2016 | 09:19 am GMT+7

PetroVietnam aims to produce more oil amid modest GDP growth

Contribution from crude oil to the state budget in the first half is estimated to have fallen 45 percent on-year to VND20.3 trillion ($910 million).
July 12, 2016 | 07:58 am GMT+7

Russian-Vietnamese oil giant makes $150 mln profit in first half

The company's profit rose by 9.6 percent on-year despite low oil prices.
August 14, 2016 | 01:58 pm GMT+7

Fish death disaster will hurt Vietnam’s economy for years to come: official

The toxic spill from a Taiwanese steel plant has taken its toll on growth.
September 30, 2016 | 09:49 am GMT+7

PetroVietnam projects falling Q2 oil output as low prices weigh on revenue

Crude oil output from April-June is expected to fall 10 percent from the first quarter.
March 23, 2017 | 02:47 pm GMT+7

Lower fossil fuel output slows Vietnam's economy - govt

Adverse weather and slower growth in the processing and manufacturing sectors have also been blamed for curbing first-quarter growth.
March 31, 2017 | 02:19 pm GMT+7

Vietnam plans to top up oil reserves in bid to improve energy security

The move would help the country enhance its energy security.
July 20, 2017 | 12:06 pm GMT+7
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