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Petrovietnam reports record profits

Petrovietnam reports record profits

Oil and gas giant Petrovietnam achieved record consolidated pre-tax profits of VND82.2 trillion (US$3.48 billion) in 2022.
Petrovietnam eyes $18.5 bln refinery

Petrovietnam eyes $18.5 bln refinery

Oil and gas giant Petrovietnam is seeking permission from the government to build a $17-18.5 billion refinery and crude oil storage complex in southern Vietnam amid an expected domestic fuel shortage.
August 18, 2022 | 02:29 am PT
Samsung C&T, Lilama win $940 mln contract for Vietnam's first LNG power plants

Samsung C&T, Lilama win $940 mln contract for Vietnam's first LNG power plants

A consortium of South Korea's Samsung C&T Corp and Vietnam's Lilama Corp has won a $940 million contract to build Vietnam's first LNG-fired power plants, Lilama said in a statement on Tuesday.
March 14, 2022 | 08:39 pm PT
Deputy PM urges Petrovietnam to stop both exporting and importing crude oil

Deputy PM urges Petrovietnam to stop both exporting and importing crude oil

Petrovietnam needs to speed up investment in refining to ensure domestic supply and stop exporting and importing oil at the same time, Deputy Prime Minister Le Xuan Thanh said.
March 11, 2022 | 10:38 pm PT
Vietnam's PV Power picks banks to facilitate $1.4 bln LNG project loans

Vietnam's PV Power picks banks to facilitate $1.4 bln LNG project loans

Vietnam's state-run PetroVietnam Power Corp has signed a deal to allow a consortium of two local banks to arrange a $1.4 billion syndicated loans for two liquefied natural gas (LNG) projects, the government said on Wednesday.
October 5, 2021 | 11:32 pm PT
Former Petrovietnam chairman gets another 11 years behind bars

Former Petrovietnam chairman gets another 11 years behind bars

Dinh La Thang, former chairman of state-run Petrovietnam, was sentenced Monday to 11 years in prison for violations related to an ethanol project in northern Vietnam.
March 15, 2021 | 08:51 am PT
Vietnam refinery trials Russian Sokol crude oil

Vietnam refinery trials Russian Sokol crude oil

The Dung Quat refinery has processed Russian Sokol crude oil on trial basis to diversify resources.
August 10, 2020 | 03:54 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
Vietnam to quarantine 1,300 plus foreign oil experts on arrival

Vietnam to quarantine 1,300 plus foreign oil experts on arrival

The Health Ministry says around 1,330 highly skilled oil industry experts will be quarantined in the coming days as they enter the country.
May 5, 2020 | 06:00 am PT
Petrovietnam profits drop despite revenue surge

Petrovietnam profits drop despite revenue surge

State-owned oil giant Petrovietnam saw consolidated pre-tax profits fall 13.4 percent year-on-year to VND43.8 trillion ($1.89 billion).
January 10, 2020 | 09:00 pm PT
Former deputy director of Petroland declared a fugitive

Former deputy director of Petroland declared a fugitive

The former deputy director of Petroland is absconding and wanted for questioning for actions causing losses of VND100 billion ($4.3 million).
December 13, 2019 | 10:58 pm PT
Overseas investments by Vietnam SOEs suffer increasing losses

Overseas investments by Vietnam SOEs suffer increasing losses

Overseas investment projects of Vietnamese state-owned enterprises made losses of $367 million in 2018, up 265 percent year-on-year, a government report said.
October 18, 2019 | 10:58 pm PT
Foreign companies continue to lead efficiency stakes in Vietnam

Foreign companies continue to lead efficiency stakes in Vietnam

A report on Vietnam’s 500 most profitable companies has found foreign enterprises have better profitability ratios than state and local private firms.
September 27, 2019 | 03:33 am PT
Construction of Vietnam's first LNG terminal to begin next month

Construction of Vietnam's first LNG terminal to begin next month

State-run PetroVietnam Gas Corporation (PV Gas) and its partners plan to start construction of the country’s first LNG terminal in southern Vietnam next month.
September 23, 2019 | 08:45 pm PT
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