Vietnam insurer to pay $3.5mn compensation for crashed military chopper

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Báo Tuổi Trẻ English 1 month(s) ago

PVI Holdings, the insurance arm of state-run oil and gas giant PetroVietnam, will pay US$3.5 million in compensation for the damages of the Airbus EC 130 T2 helicopter that crashed during a training flight last week.

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Energy shares lift VN Index again

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Báo Đầu Tư English 1 month(s) ago

The benchmark VN Index on the HCM Stock Exchange extended gains this morning, driven again by the energy sector on expectations of an oil output curb deal.

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Pay up PVI-Bibica’s $5.16 million insurance claim enforced

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Báo Đầu Tư English 1 month(s) ago

Insurer PVI, a PetroVietnam member company, is going to pay a total compensation of VND115.2 billion ($5.16 million) to customer Bibica in a claim that has been going for three years.

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Extensive net of violations detected at PetroVietnam subsidiary

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Báo Đầu Tư English 1 month(s) ago

Vietnamese state-run oil and gas group PetroVietnam and Vietnam National Textile and Garment Group (Vinatex) were found to have committed a series of violations when investing state capital into Dinh Vu Polyester Fibre and Yarn Factory.

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USD359-million loss-making polyester plant investigated

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Báo Dân Trí English 1 month(s) ago

The Government Inspectorate has urged the Ministry of Public Security to investigate PetroVietnam's USD359-million polyester manufacturing plant after it made huge losses.

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EVN to replace PetroVietnam and Inter RAO to develop thermal power plants

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Báo Đầu Tư English 1 month(s) ago

State-run Electricity of Vietnam (EVN) has been chosen to take over the thermal power plants Quang Trach I and II, both of which are located in Quang Trach Power Centre in Quang Binh, according to information published on the Government Portal.

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Vinashin to sell entire stake in PV Shipyard

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Báo Đầu Tư English 1 month(s) ago

Shipbuilding Industry Corporation (SBIC), previously known as Vinashin, will sell its entire holding of nearly 4.48 million shares, equivalent to 7.53 per cent stake, in PetroVietnam Marine Shipyard (PV Shipyard).

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Shares advance on global oil price rise

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Báo Đầu Tư English 1 month(s) ago

Shares advanced this morning in the two markets, led by energy stocks, which were driven by the rise in global oil prices.

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Shares remain volatile, pulled down by energy producers

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Báo Đầu Tư English 1 month(s) ago

Shares struggled to end positive this morning as gains in speculative stocks covered losses that energy producers incurred on sliding crude prices.

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PetroVietnam's oil beats target

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Báo Đầu Tư English 1 month(s) ago

The Viet Nam National Oil and Gas Group (PetroVietnam) will strive to exploit more than 6.49 million tonnes of oil by the year's end, including 3.88 million tonnes of crude oil and 2.61 billion cubic metres of natural gas, to achieve total output of 27.59 million tonnes of oil.

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Vietnamese loss-making firm undergoes inspection while ex-chairman remains at large

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Báo Tuổi Trẻ English 2 month(s) ago

While the international manhunt for its ex-chairman continues, a subsidiary of state-run oil and gas giant PetroVietnam is undergoing a state inspection due to massive losses the company incurred a few years ago.

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MoIT refuses to move polyester import tax

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Báo Đầu Tư English 2 month(s) ago

The Ministry of Industry and Trade (MoIT) has refused Vietnam Textile and Apparel Association (Vitas)’s proposal to move the 2 per cent import tax to zero per cent on polyester synthetic fibre products.

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PetroVietnam continues 3 year floundering

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Báo Đầu Tư English 2 month(s) ago

National oil and gas group PetroVietnam posted an on-year decrease in revenue in the first nine months of this year, continuing the negative trend of the past three years.

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Business highlights – September 19-25

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Báo điện tử CP English 2 month(s) ago 3 related news

VGP – Deputy PM Vuong Dinh Hue asserting Party’s guideline to support startup, Deputy PM Trinh Dinh Dung pledging support to Russian oil companies, fuel prices increasing slightly and Vietin Bank opening another branch in Laos are economic highlights from September 19-25.

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DPM’s busy activities in Russia

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Báo điện tử CP English 2 month(s) ago 4 related news

VGP – Deputy PM Trinh Dinh Dung led a Vietnamese delegation to visit Zarubezhneft , one of Russia’s largest oil companies and a long-standing strategic partner of the Viet Nam National Oil and Gas (PetroVietnam).

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