Petec stakes out of reach for foreigners

Petec stakes out of reach for foreigners

The government last week rejected PetroVietnam’s proposal to sell a 43.78 per cent stake in petrol trading subsidiary Petec to foreign partners.

Oil giant’s early listing possible after imminent IPO

Petec Trading and Investment Corporation, the third biggest oil trading firm in Vietnam, is likely to list on the stock market early next year.