PetroVietnam set to lose $220mn on loss-making shipbuilder

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Báo Tuổi Trẻ English 5 day(s) ago

An investment of nearly US$225 million by state-run PetroVietnam, made to revitalize a struggling shipbuilder, is likely to become money down the drain as the loss-making firm is on the verge of bankruptcy.

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Party Central Committee discusses SOEs reform

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Báo điện tử CP English 3 week(s) ago 11 related news

VGP – The Communist Party of Viet Nam Central Committee (CPVCC) on Monday morning debated on the Project on rearranging, reforming and improving the effectiveness of the State-owned enterprises (SOEs), according to a press release of the CPVCC’s Office.

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Ho Chi Minh City’s top leader removed from Vietnam’s Politburo

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Báo Tuổi Trẻ English 3 week(s) ago 1 related news

The Ho Chi Minh City Party chief Dinh La Thang has been warned and dismissed from the Politburo of the Party Central Committee for multiple financial wrongdoings he had committed when leading Vietnam’s oil and gas behemoth.

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PV Gas and foreign partners to build $1.27bn gas pipeline

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Báo Dân Trí English 1 month(s) ago

A subsidiary of the State-owned oil and gas group PetroVietnam and its foreign partners have secured a license to invest in a natural gas pipeline in the south of Vietnam, making it the largest foreign investment project approved this year.

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Low crude prices pull markets down

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Báo Đầu Tư English 1 month(s) ago 2 related news

Shares fell further in the two local markets on Thursday morning as investor confidence remained low following a sharp drop in crude oil prices.

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PetroVietnam to raise oil extraction target by 1mn tons in 2017

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Báo Tuổi Trẻ English 1 month(s) ago 1 related news

State-run oil and gas giant PetroVietnam (PVN) has announced plans to hike its yearly oil extraction by one million metric tons in 2017, following a government directive aimed at boosting the country’s economic growth.

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PV Power hopes to find strategic investors by the end of August

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Báo Đầu Tư English 1 month(s) ago

PV Power, a wholly-owned subsidiary of state-owned PetroVietnam and the second largest electricity producer in Vietnam after Electricity of Vietnam (EVN) in terms of capacity, hopes to finish its share sale to strategic investors by the end of August.

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PVEP, SK Innovation and Murphy complete agreements for block 15-1/05

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Báo Đầu Tư English 1 month(s) ago

The US Murphy Oil Corporation, Korea’s SK Innovation and their Vietnamese partner PetroVietnam Exploration Production Corp has completed the transaction of participation right on the petroleum sharing contract for block 15-1/05 in Cuu Long basin offshore Vietnam.

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VN Index struggles to rise, banks hit

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Báo Đầu Tư English 2 month(s) ago

Viet Nam’s benchmark VN Index struggled to rise on Monday morning as most of the leading sectors were hit by investor selling.

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Long Son petrochemical complex settles last issues before implementation

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Báo Đầu Tư English 2 month(s) ago

In the afternoon of March 29, 2017, PetroVietnam and other involved parties in Long Son Petroleum Limited Company (LSP) has signed important documents related to LSP, including a joint venture contract, a company charter, and a capital transfer contract between Qatar Petroleum International Vietnam (QPIV) and Siam Cement Group (SCG), as well as finalised the project’s capital at $5.4 billion. LSP’s operations are expected to start in 2021.

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VN Index narrows gains, steel stocks stay positive

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Báo Đầu Tư English 2 month(s) ago 1 related news

The VN Index on the HCM Stock Exchange was up slightly on Friday morning, driven by steel producers and some large-cap stocks.

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Bank and oil stocks drive market down

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Báo Đầu Tư English 2 month(s) ago

Shares edged down on Tuesday morning, driven by losses of banks and oil companies.

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PetroVietnam, Exxon Mobil ink $10bn gas project agreement

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Báo Tuổi Trẻ English 2 month(s) ago

PetroVietnam and U.S. Exxon Mobil Corp have signed an investment agreement on a major gas project off the central province of Quang Nam, the Vietnamese state-run energy group said on Monday.

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PVN shakes hand with US oil supermajor

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Báo Đầu Tư English 2 month(s) ago

The Vietnam Oil and Gas Group (PetroVietnam) and the US-based Exxon Mobil Corporation (Exxon Mobil) signed an investment agreement concerning the Blue Whale natural gas well, under the supervision of Prime Minister Nguyen Xuan Phuc.

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Stocks up on banking-finance sector

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Báo Đầu Tư English 2 month(s) ago

Finance-banking stocks were the most important factor that lifted Vietnamese shares again on the two local exchanges on Friday morning.

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