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petroleum
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First 100 percent foreign-owned company to enter Vietnam's petrol retail market
Japan's Idemitsu Kosan Co. Ltd and Kuwait Petroleum International Ltd have applied to form a 50:50 joint venture company to distribute petroleum products in Vietnam, the Japanese firm said Monday in a statement.
Vietnam plans to increase environment tax on petroleum products
The tax hike would add $690 million to the state coffers if approved.
Vietnamese government approves fuel tax hike proposal in fight against pollution
Pending Vietnam’s parliamentary approval, the hike will go into effect from July 1.
May 16, 2018 | 08:18 pm PT
Proposed environmental tax on coal would inflate electricity price: expert
The environmental tax is hoped to reduce Vietnam’s carbon emissions but industry experts worry it would undermine the coal mining industry.
May 18, 2018 | 08:39 pm PT
Vietnam’s planned environmental tax hike under scrutiny for lack of transparency
While industry experts worry about losses, economists demand to know how the tax money will be spent.
May 19, 2018 | 06:00 pm PT
Vietnam’s fuel deficit to persist despite new refinery
The country's refined fuel deficit will still remain though Nghi Son Refinery's imminent start of production is to improve its self-sufficiency.
August 10, 2018 | 12:27 am PT
Nghi Son refinery seeks permit to export petroleum products
Nghi Son has sought a license to export a few hundred tons of petroleum products at market prices, the trade ministry has confirmed.
September 3, 2018 | 05:05 am PT
Vietnam, Russia to deepen energy and defense relations
Vietnam and Russia have agreed to further strengthen their cooperation in hydrocarbon exploration, extraction and production, as also defense ties.
September 8, 2018 | 12:04 am PT
Dung Quat oil refinery seeks same treatment from government as rival
Authorities in central Quang Ngai Province want more concessions for their Dung Quat oil refinery to match those given to a competitor.
November 7, 2018 | 12:09 am PT
Vietnam Jan coffee exports likely to fall 19.1 pct y/y to 175,000 tonnes
Vietnam’s coffee exports for January are expected to fall 19.1 percent from a year earlier to 175,000 tonnes, while rice exports will likely decline 18.5 percent.
January 28, 2019 | 11:06 pm PT
Vietnam’s top oil executive seeks to resign
PetroVietnam's board of directors has received a resignation letter submitted by the state-owned group's general director Nguyen Vu Truong Son.
March 13, 2019 | 06:24 pm PT
PetroVietnam's troubled billion-dollar investment in Venezuela probed
The Ministry of Public Security's Investigation Agency is investigating possible fraud by PetroVietnam in its Venezuelan oil exploration and production project.
March 16, 2019 | 11:14 pm PT
Petrol shortage fuels discontent among distributors
Some petroleum distributors are grumbling about getting only 50 percent of demand after Vietnam’s biggest refinery halted production early 2019.
March 26, 2019 | 09:13 pm PT
Biofuel fails to make a difference in Vietnam, consumption drops
After being introduced as a more environmentally friendly option in late 2017, E5 biofuel consumption has fallen.
May 13, 2019 | 01:30 am PT
Top rice exporter wants to invest in petroleum
Vinafood II, one of Vietnam’s biggest rice exporters, has announced plans to diversify into oil trading and gasoline retailing.
July 17, 2019 | 04:03 am PT
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