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Diesel price gains

Diesel price gains

Diesel price rose marginally while gasoline prices stayed unchanged Monday afternoon.
Petroleum imports rise 50% in 2022

Petroleum imports rise 50% in 2022

Vietnam has imported 5.65 million tons of oil products for US$5.95 billion so far this year, half more than in the same period last year.
August 22, 2022 | 01:00 am PT
Petrolimex reports $44 mln profit

Petrolimex reports $44 mln profit

Petrolimex has reported pre-tax profits of over VND1 trillion ($44 million) in the first quarter thanks to the Covid-19 pandemic being contained and rising global oil prices.
May 6, 2021 | 07:20 pm PT
Work underway on first ever national energy master plan

Work underway on first ever national energy master plan

The Ministry of Industry and Trade is set to draft a national energy master plan as Vietnam shifts from being an energy exporter to a net importer.
August 28, 2020 | 07:17 pm PT
Businesses’ profit margins forecast to fall across the board

Businesses’ profit margins forecast to fall across the board

Construction and building materials, tourism and entertainment, and petroleum will have the lowest profit margins this year, according to financial data provider FiinGroup.
July 18, 2020 | 12:00 am PT
Ministry says no to suspension of petroleum imports

Ministry says no to suspension of petroleum imports

The trade ministry has rejected a proposal that Vietnam stops importing petroleum, saying large domestic inventories cannot negate other factors like international commitments.
May 16, 2020 | 02:21 am PT
Nghi Son Refinery occupies third of domestic petroleum market

Nghi Son Refinery occupies third of domestic petroleum market

Vietnam’s second oil refinery produced 4.6 million tons of petroleum in its first year running, or about 33 percent of domestic consumption.
December 12, 2019 | 02:30 am PT
ExxonMobil petroleum projects in central Vietnam ongoing as planned

ExxonMobil petroleum projects in central Vietnam ongoing as planned

Petroleum projects being executed jointly by PetroVietnam (PVN) and America’s ExxonMobil in central Vietnam are proceeding as scheduled.
September 12, 2019 | 05:43 am PT
India, Vietnam concur on East Sea oil and gas cooperation

India, Vietnam concur on East Sea oil and gas cooperation

India and Vietnam are on the same East Sea page and keen to continue oil and gas cooperation, senior officials say.
August 4, 2019 | 08:47 pm PT
Top rice exporter wants to invest in petroleum

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
Biofuel fails to make a difference in Vietnam, consumption drops

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
Petrol shortage fuels discontent among distributors

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
PetroVietnam's troubled billion-dollar investment in Venezuela probed

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
​Vietnam’s top oil executive seeks to resign

​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
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