Lower fuel prices no remedy for troubled transport sector

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VietStock FI English 4 day(s) ago

Lower fuel prices no remedy for troubled transport sector

While local petroleum prices have dropped by nearly a quarter of their value since the start of the year, companies operating in the Kingdom’s highly competitive transportation sector insist they have not been able to convert lower fuel costs into higher profits – even when maintaining their fees.

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Nghi Son refinery might prove costly endeavour to investor and state

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Báo Dân Trí English 1 week(s) ago

Nghi Son refinery might prove costly endeavour to investor and state

The newest report released by the State Budget Department under the Ministry of Finance shows that the Nghi Son refinery and petrochemical complex’s 2017 start of operation will dent a hole in both investor PetroVietnam’s finances and the state budget.

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Oil stocks sustain the market

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Báo Đầu Tư English 1 week(s) ago

Oil stocks sustain the market

The benchmark VN-Index inched up 0.1 per cent to touch 658.9 points this morning, propped up by oil and gas stocks, despite the decline of several large-cap stocks.

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FDI records misleading at best, meaningless at worst

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Báo Đầu Tư English 1 week(s) ago

FDI records misleading at best, meaningless at worst

Only three of the billion dollar projects that Vietnam licensed in 2008, the peak of the country in terms of foreign direct investment (FDI) attraction, have been implemented to some degree to date.

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Unclear future for Vung Ro refinery

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Báo Đầu Tư English 1 week(s) ago

Unclear future for Vung Ro refinery

It is unclear whether the Vung Ro refinery project in the central province of Phu Yen will be implemented this year, even though both the authorities of Phu Yen province and the leaders of Vung Ro Petroleum Ltd. said they were determined to start the project in 2016.

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New multibillion-dollar oil refinery to create loss in Vietnam’s state budget

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Báo Tuổi Trẻ English 1 week(s) ago

New multibillion-dollar oil refinery to create loss in Vietnam’s state budget

A multibillion-dollar oil refinery to begin operating next year in north-central Vietnam will cause millions of dollars in loss to state coffers every year, the Department of State Budget has said.

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Petrolimex reports over a trillion in first-half profits

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Báo Dân Trí English 2 week(s) ago

Petrolimex reports over a trillion in first-half profits

The Vietnam National Petroleum Group, or Petrolimex, posted pre-tax profits of VND716bn (USD32.5m) in the second quarter and nearly VND1.6trn in the first half of the year.

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PM agrees to support policy for Binh Son Refining & Petrochemical

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Báo Đầu Tư English 2 week(s) ago

PM agrees to support policy for Binh Son Refining & Petrochemical

Prime Minister Nguyen Xuan Phuc has agreed to support a request by Binh Son Refining & Petrochemical Co Ltd (BSR) to adopt a more favorable policy to help its Dung Quat oil refinery compete with imported petroleum products.

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Oil prices down as OPEC meeting awaited

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Báo Đầu Tư English 2 week(s) ago

Oil prices down as OPEC meeting awaited

NEW YORK: Oil prices fell slightly on world markets on Tuesday (Aug 9), with investors taking profits after consecutive rises in recent days.

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Foreign investors change their minds about oil refineries

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Báo Đầu Tư English 2 week(s) ago

Foreign investors change their minds about oil refineries

Late June Thailand’s largest corporation, PTT Public Company Limited (PTT), postponed plans to build the US$20 billion Victory Nhơn Hội refinery and petrochemical complex in the south-central coastal province of Bình Định.

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Timber baron branches into fuel

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VietStock FI English 3 week(s) ago

Timber baron branches into fuel

Timber baron Try Pheap, who has previously been accused of running large-scale illegal timber operations in protected forest areas and making millions off the Kingdom’s natural resources, held a ribbon-cutting ceremony last Friday to launch a new business venture, PAPA Petroleum Co Ltd.

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Petroleum firms posting first-half flat business results

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Báo Đầu Tư English 3 week(s) ago

Petroleum firms posting first-half flat business results

In the first half of this year, despite surpassing their output targets, most of the exploration and production firms under state-run oil and gas conglomerate PetroVietnam fell short of their other business targets.

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Gas One aims to pipe into demand for LPG

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VietStock FI English 1 month(s) ago

A new Japanese company, Gas One (Cambodia) Co Ltd, aims to tap into the surge of liquefied petroleum gas (LPG) usage in the Kingdom by providing engineering and supply solutions to large-scale developments, its chief executive said yesterday.

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Petrol price plunges for 7th time

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Báo Dân Trí English 1 month(s) ago

Petrol price plunges for 7th time

The retail price of petrol fell VNĐ665 to reach VNĐ15,300 (US 68 cents) per litre at 3pm on July 20, 2016.

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New decree on liquefied petroleum gas

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

New decree on liquefied petroleum gas

Decree 19/2016/ND-CP (Decree 19) on the business of liquefied petroleum gas was issued on March 22, 2016 and replaces Decree No. 107/2009/ND-CP (Decree 107) and Decree No. 118/2011/ND-CP.

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