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Petrolimex
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PGBank chairman resigns after three months
PGBank Chairman Nguyen Phi Hung has submitted his resignation just three months after taking office, citing personal reasons, as the lender goes through major structural changes.
Retail fuel giants report profits in Q1
Fuel retail giants Petrolimex and PVOIL reported profits in the first quarter, following positive business results last year.
Foreign investors can buy 28% stake in PGBank from Petrolimex divestment
Foreign investors can buy up to a 28% stake in PGBank when its largest shareholder Petrolimex divests from the lender.
March 23, 2023 | 12:07 am PT
Petrolimex posts Q2 loss despite rising fuel prices
Petrolimex reported losses of nearly VND141 billion ($6.04 million) for the second quarter despite surging fuel prices.
August 2, 2022 | 12:32 am PT
Petrolimex welcomes new director general
Deputy Director General of Vietnam National Petroleum Group (Petrolimex) Dao Nam Hai will become its director general (DG), starting Mar. 1.
February 12, 2022 | 05:49 pm PT
Japan's ENEOS increases stake in Petrolimex
Japanese energy giant ENEOS Corporation has registered to buy another 25 million shares of fuel distributor Petrolimex to increase its ownership to 4.87 percent.
May 19, 2021 | 10:05 pm PT
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
Japan’s top energy company to increase Petrolimex stake
Japanese oil giant ENEOS Corporation has registered to buy 25 million shares of fuel distributor Petrolimex on the Ho Chi Minh Stock Exchange.
February 24, 2021 | 07:34 pm PT
Oil distributor Petrolimex profit falls 74 pct
Vietnam’s biggest fuel distributor Petrolimex said its net profits last year of VND1.23 trillion ($53.69 million) were the lowest in five years.
February 3, 2021 | 04:06 pm PT
Japan’s Eneos increases Petrolimex stake
Japanese energy company Eneos Corporation has acquired 13 million shares, or a 1 percent stake, of fuel distributor Petrolimex for an undisclosed amount.
September 20, 2020 | 06:29 pm PT
Japan’s Eneos to buy 1 pct stake in Petrolimex
Japanese energy company Eneos Corporation has registered to buy 13 million treasury shares, or a 1 percent stake, of fuel distributor Petrolimex.
August 24, 2020 | 06:38 pm PT
Allow foreign ownership in fuel distribution, ministry proposes
The Ministry of Industry and Trade has proposed that fuel distributors be allowed to sell a maximum of 35 percent of their stake to foreign investors.
July 13, 2020 | 06:12 pm PT
Merge soon or else: Petrolimex threatens PGBank with capital withdrawal
State-owned petroleum distributor Petrolimex has threatened to pull its capital from subsidiary PGBank if it did not merge with private HDBank before August 31.
June 26, 2020 | 06:00 pm PT
Finance industry crowds Forbes' Vietnam list of top 50 listed firms
Banking, securities and insurance firms dominate Forbes Vietnam’s 2020 list of top 50 listed firms with 10 representatives.
June 2, 2020 | 04:28 pm PT
Vietnam mulls raising foreign ownership cap in local petrol firms
Vietnam is considering raising the foreign ownership cap in petrol companies to 34 percent to attract more investors to the state-controlled energy industry.
December 24, 2019 | 11:05 pm PT
Petrolimex reports increase in profits
Petrolimex, Vietnam’s biggest petroleum retailer, has reported an 8 percent year-on-year increase in pre-tax profits in the first 6 months.
September 3, 2019 | 05:28 pm PT
Vietnamese giants want out from billion-dollar oil refinery projects
Cash-strapped firms are seeking to withdraw from major oil refinery projects, opening the door wider for foreign investors.
September 28, 2018 | 01:16 am PT
Vietnam opens criminal case into ship collision that killed 9
An official report suggests human negligence led to the fatal crash off the southern coast in March.
May 20, 2017 | 02:31 am PT
South Korea's Samsung Fire & Marine Insurance to buy 20 pct stake in Vietnam's Pjico
Parent company Petrolimex has also brokered a strategic partnership between the two firms.
May 8, 2017 | 12:23 am PT
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