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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.

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.

PetroVietnam assigned $863 mln profit target

State-owned oil giant PetroVietnam has a profit target of VND20 trillion ($863 million) this year, up 17 percent from last year.
July 15, 2019 | 12:10 pm GMT+7

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 22, 2019 | 10:10 am GMT+7

Ministry of Finance cracks the whip on PetroVietnam divestment

The Ministry of Finance has reiterated that the loss-making oil and gas group PetroVietnam has to divest from non-core sectors. 
March 23, 2019 | 07:38 am GMT+7

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 17, 2019 | 02:14 pm GMT+7

​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 14, 2019 | 09:24 am GMT+7

Petrovietnam reports 26 percent hike in revenues last year

Vietnam National Oil and Gas Group has announced its 2018 results, which show it exceeded its revenue and state budget contribution targets.
February 06, 2019 | 09:00 am GMT+7

Jailed PetroVietnam chief faces another criminal probe

Dinh La Thang will be investigated for losses incurred by a biofuel plant in the northern province of Phu Tho.
January 21, 2019 | 11:48 am GMT+7

PVN wants deposits unfrozen to fund delayed, cash-strapped power plant

PVN is seeking to withdraw $5.5 million worth of frozen deposits its subsidiaries have in OceanBank to finance its much-delayed Thai Binh 2 plant.
August 20, 2018 | 02:06 pm GMT+7

A question mark over $9 billion refinery

PetroVietnam, a principal investor in Vietnam’s largest oil refinery, said that it is finding it “almost impossible” to comply with new investment capital regulations.
July 22, 2018 | 08:08 am GMT+7

Fallen PetroVietnam chief appeals jail sentence in million-dollar graft case

Dinh La Thang claims he is not liable for the $26 million he has been asked to return as a result of losses.
April 17, 2018 | 10:51 am GMT+7

Vietnam's runaway oil exec appeals second life sentence for embezzlement

Trinh Xuan Thanh claimed he did not commit embezzlement as convicted by the Hanoi court last month.
March 01, 2018 | 09:52 pm GMT+7

Former PetroVietnam chief to stand 2nd trial for role in banking graft case in March

Dinh La Thang is facing another 10-20 years in prison for his role in the infamous multi-million-dollar graft case at OceanBank.
February 24, 2018 | 08:48 am GMT+7

Runaway bigwig's second trial suspended pending verification in Vietnam

Prosecutors have asked for more time to look into one of the companies Trinh Xuan Thanh was involved with.
January 28, 2018 | 03:16 pm GMT+7
 
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