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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.
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’s ex-chairman nabbed as corruption crackdown widens

PetroVietnam’s ex-chairman nabbed as corruption crackdown widens

The arrest takes place concurrently with that of a disgraced Communist Party official who used to head PetroVietnam.
December 8, 2017 | 06:49 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
PetroVietnam seeks resumption of suspended thermal power project

PetroVietnam seeks resumption of suspended thermal power project

PetroVietnam is seeking permission to restart work on a coal-fired power plant which was suspended following the arrest of officials for wrongdoing.
July 23, 2019 | 11:27 pm PT
Declining investment limits Vietnam’s oil and gas industry

Declining investment limits Vietnam’s oil and gas industry

Declining investment, dwindling reserves, high taxes and red tape are combining to limit Vietnam’s oil and gas industry.
July 19, 2019 | 11:32 pm PT
Three Vietnamese firms among Asia’s top 100 power performers

Three Vietnamese firms among Asia’s top 100 power performers

Five Vietnamese firms are among Asia’s 300 biggest and fastest and three of them are in the top 100.
July 13, 2019 | 06:04 pm PT
PetroVietnam subsidiaries told not to close OceanBank deposits

PetroVietnam subsidiaries told not to close OceanBank deposits

Several PetroVietnam subsidiaries are struggling to maintain cash flow after being told not to withdraw their deposits with the ailing OceanBank.
May 21, 2019 | 07:10 pm PT
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