Petrolimex reports 50 per cent growth in net profit ahead of listing

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Báo Đầu Tư English 4 day(s) ago 2 related news

Vietnam National Petroleum Group (Petrolimex), the biggest fuel distributor in Vietnam and where JX Nippon Oil and Energy Corporation is the sole foreign investor besides the Vietnamese government, reported a net profit of VND5.16 trillion ($226 million), up 50 per cent on-year, before its planned listing by the end of March.

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Petrol price increases VND300-500 a liter

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SaiGon GP English 1 week(s) ago

The Ministry of Finance and the Ministry of Industry and Trade yesterday afternoon announced VND300-500 increase in the prices of petrol products since 3 p.m.

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Ministry collecting opinions about environmental tax hike on gasoline

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SaiGon GP English 2 week(s) ago 1 related news

The Ministry of Finance is asking ministries, provinces and cities, businesses and citizens’ opinions about its controversial proposal to increase the environmental protection tax frame on gasoline to VND3,000-8,000 a liter.

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Vietnam proposes hiking environmental protection tax on gasoline

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Báo Tuổi Trẻ English 1 month(s) ago

Vietnam’s Ministry of Finance has proposed a draft law that suggests nearly tripling environmental protection tax on oil and gas consumption.

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Oil price up, petrol unchanged

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SaiGon GP English 1 month(s) ago

The Ministry of Industry and Trade and the Ministry of Finance yesterday afternoon decided to keep petrol price unchanged and increase oil prices.

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Vietnam raises retail fuel prices by up to 6.7 pct

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Báo Tuổi Trẻ English 2 month(s) ago

Vietnam has raised the retail prices of gasoline and other oil products by up to 6.7 percent, the largest increase this year, due to recent increases in crude oil, state-owned fuel importer and distributor Petrolimex said on Tuesday.

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Vietnam to replace most popular petrol with E5 biofuel

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Báo Tuổi Trẻ English 3 month(s) ago

Vietnam’s Ministry of Industry and Trade will force consumers to switch from the popular A92 gasoline to the ethanol-mixed biofuel E5, but has yet to decide on an official timeline for the plan, it announced on Tuesday.

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Petrolimex in place for year-end public offering

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Báo Đầu Tư English 3 month(s) ago

Viet Nam National Petroleum Group will complete procedures to list on the stock market by the end of this year, the company said in a public statement.

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Petrolimex doubles profit and about to go public

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Báo Đầu Tư English 3 month(s) ago

Vietnam National Petroleum Group (Petrolimex), in which Nippon Oil and Energy Corporation holds 8 per cent, reported a significant rise in profit in the third quarter and is going to submit all documents needed to list its stocks by the end of this year.

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Gasoline supported by Vietnam demand

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Báo Tuổi Trẻ English 3 month(s) ago

Spot demand from Vietnam and term demand for reformate from Taiwan supported gasoline margins, traders said.

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Vietnam banker suspended for beating female petrol attendant

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Báo Tuổi Trẻ English 4 month(s) ago

A banker in the north-central province of Nghe An has been suspended from work for 15 days after he was filmed beating a female pump attendant at a local gasoline station last week, his boss said on Monday.

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Gasoline price slightly increases

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SaiGon GP English 4 month(s) ago

Gasoline price has increased by VND441 to hit VND16,845 a liter of Ron 92 since 4:45pm yesterday in accordance with an instruction by the Ministry of Industry and Trade and the Ministry of Finance.

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Vietnamese daredevils risk lives for Facebook ‘likes’

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Báo Tuổi Trẻ English 4 month(s) ago

Young enthusiasts of a bizarre yet quickly growing trend in Vietnam are now willing to do almost everything in exchange for a certain number of ‘likes’ on their Facebook pages.

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Gov’t trims diesel cap, gasoline unchanged

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VietStock FI English 5 month(s) ago

The price cap for diesel decreased marginally while premium and regular petrol prices remained the same following the latest government revision yesterday.

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Fuel price caps rise after latest revision

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VietStock FI English 6 month(s) ago

The latest government fuel pricing revision raised the price ceilings on fuel sold at all Cambodian petrol stations from August 22 through September 1.

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