petrovietnam continues to champion the top 500 vietnamese businesses

PetroVietnam continues to champion the Top 500 Vietnamese businesses

After announcing Profit500 2019 which honours the top 500 local businesses with the best profit figures, which named state-owned oil and gas giant PetroVietnam champion, Vietnam Report has just announced the VNR500 tally presenting the 500 largest Vietnamese companies in 2019.
ptsc joint venture company standing on the brink of dissolution

PTSC joint venture company standing on the brink of dissolution

The nosedive in oil price has put the hundred-million-dollar joint venture between Petrovietnam Technical Services Corporation (PTSC, code: PVS) and its Dutch partner on the brink of dissolution.
petrovietnam ranks first in profit

PetroVietnam ranks first in profit

With the pre-tax profit of VND50.6 trillion ($2.2 billion), PetroVietnam overcame Samsung Thai Nguyen complex to become the most profitable enterprise in 2018.
upgrade for petrovietnam after positive credit moves

Upgrade for PetroVietnam after positive credit moves

State-owned conglomerate PetroVietnam has been assigned an upgrade in two credit areas by one of the ‘big three’ ratings agencies, reflecting the group’s high degree of integration, diversification, and conservative financial profile.
petrovietnam reports rosy performance in first eight months

PetroVietnam reports rosy performance in first eight months

PetroVietnam has posted an upbeat eight-month performance, spinning a positive turn for its 44th birthday celebrations.
petrovietnam signs deal with dubai oil company

PetroVietnam signs deal with Dubai oil company

PetroVietnam Oil Corporation has signed a joint venture agreement with a Dubai-based oil conglomerate at its headquarters in Ho Chi Minh City.
vinamilk vietcombank and petrovietnam in top 100 of asia300 ranking

Vinamilk, Vietcombank, and PetroVietnam in top 100 of Asia300 ranking

Covering everything from Indian computer services companies to Indonesian property developers, Asia300 offers a glimpse of the players aiming to be the dominant forces in the 21st century and the multinationals poised to challenge established Western brands, of whom Vietnam contributes five representatives.
samsung ct and petrovietnam to implement thi vai lng storage

Samsung C&T and PetroVietnam to implement Thi Vai LNG storage

Thi Vai LNG storage will be implemented by Samsung C&T and PetroVietnam Technical Services Corporation (PTSC) of Vietnam Oil and Gas Group (PetroVietnam), and, along with Nhon Trach 3 and 4 power plants, will contribute to ensuring the gas and electricity supply for the southeastern key economic region.
korea exim bank opens 2 billion credit line to petrovietnam

Korea Exim Bank opens $2 billion credit line to PetroVietnam

The Export-Import Bank of Korea said on Sunday that it has agreed to open a US$2 billion credit line to Viet Nam’s State-owned Vietnam Oil and Gas Group (PetroVietnam) in a bid to help more South Korean companies venture into the fast-growing economy.
gazprom approved to develop 340mw gas to power plant in quang tri

Gazprom approved to develop 340MW gas-to-power plant in Quang Tri

Gazprom EP International B.V, a subsidiary of Gazprom Group – Russia’s largest natural gas producer – has been approved in principle by the prime minister to develop a gas-to-power plant as proposed by the Ministry of Industry and Trade (MoIT) and the Ministry of Planning and Investment (MPI).
cmsc to supervise finance of 19 state owned groups

CMSC to supervise finance of 19 State-owned groups

The Committee for Management of State Capital at Enterprises (CMSC) will oversee the finance of 19 State-owned groups and corporations this year.
investigation into petrovietnam losses in dinh vu polyester

Investigation into PetroVietnam losses in Dinh Vu polyester

The investigation agency of the Haiphong Police Department has just issued a document to request Vietnam Oil and Gas Group (PetroVietnam) to co-operate and provide information and documents related to PetroVietnam Petrochemical and Textile Fiber JSC (PVTex) and Dinh Vu polyester plant.
hanoi court begins trial on power abusing case at pvep

Hanoi court begins trial on power-abusing case at PVEP

The People’s Court of Hanoi on May 6 opened a trial for the case of “abusing position and power to appropriate assets” that happened at the PetroVietnam Exploration Production Corporation (PVEP).
construction giants report trillions in losses

Construction giants report trillions in losses

In addition to PetroVietnam Construction JSC, which has become a notorious loss-making company during the past years, Song Hong Corporation and Vietnam Industrial Construction Corporation (Vinaincon) have also been reporting huge losses recently.
petrovietnam and petronas work on ca mau gas power fertiliser complex

PetroVietnam and Petronas work on Ca Mau gas-power-fertiliser complex

The co-operation between Vietnam Oil and Gas Group (PetroVietnam) and Malaysia’s Petroliam Nasional Berhad (Petronas) will contribute to ensuring the energy security for the southwest region in general and the Ca Mau gas-power-fertiliser complex in particular.