Russian oil company signs MoU with PetroVietnam

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Báo Đầu Tư English 2 month(s) ago

ZARUBEZHNEFT, a Russian State-controlled oil company based in Moscow, and PetroVietnam Exploration Production Corporation (PVEP) signed a memorandum of understanding (MoU) on June 30.

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Markets decline as bank and energy stocks slump

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Báo Đầu Tư English 2 month(s) ago

Both market indices fell on Tuesday morning as large-cap stocks, particularly from the energy sector, lost momentum.

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Ho Tram Strip inks $63 milion natural gas deal

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Báo Đầu Tư English 3 month(s) ago

Ho Tram Project Company (HTP) and PetroVietnam Low Pressure Gas Distribution Joint Stock Company (PVGasD) has inked a memorandum of understanding that will see the Ho Tram Strip move to cleaner, greener and more efficient power within the next 15 months.

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Stocks gain slightly on bargain hunting

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Báo Đầu Tư English 3 month(s) ago

Shares rose slightly on both local markets on Wednesday morning on late bargain hunting by investors.

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Five prosecuted for massive losses at state-run firm

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Báo Đầu Tư English 3 month(s) ago

The Ministry of Public Security’s Investigative Agency has decided to prosecute five former executives of the textile factory of the State-run giant, PetroVietnam, and a subsidiary, for causing considerable economic losses.

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PV Power to invest in nine gas power projects

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Báo Đầu Tư English 3 month(s) ago

PetroVietnam Power Corporation (PV Power) is preparing to implement the construction of nine gas-fired power plants with total output of 5,250MW, PV Power general director Nguyen Xuan Hoa said.

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Four arrested, one at large, as Vietnam probes massive losses at state-run firm

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Báo Tuổi Trẻ English 3 month(s) ago

Vietnamese police have initiated criminal proceedings against five people responsible for sending a well-invested state-run enterprise into steep losses, officers announced on Tuesday.

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Stocks retreat on poor market sentiment

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Báo Đầu Tư English 4 month(s) ago

Shares went down in both local markets on Friday morning as blue chips were driven down by poor market sentiment.

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U.S. companies sign billions in deals with Vietnam

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Báo Tuổi Trẻ English 4 month(s) ago 1 related news

SEATTLE/WASHINGTON – U.S. industrial companies General Electric Co and Caterpillar Inc made deals with Vietnam worth billions of dollars as Vietnamese Prime Minister Nguyen Xuan Phuc continued his three-day trip to the United States.

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

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Báo Tuổi Trẻ English 4 month(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 5 month(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 5 month(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 5 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 5 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 5 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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