pv power sets stage for lng plants

PV Power sets stage for LNG plants

Liquefied natural gas, a solution to Vietnam’s energy shortage, presents new opportunities for power producers and investors alike.
production boosted by new launches

Production boosted by new launches

Some major projects boosting their operations have contributed to the Vietnamese economy’s seven-month industrial growth, which is expected to continue its uptrend until the end of the year.
changing the game with a new breed of turbines

Changing the game with a new breed of turbines

GE Power has led the world in terms of power efficiency and emission reduction with its game-changing HA gas turbines. For nations on the rise like Vietnam, the US firm’s technologies pledge widespread electrification and environmental benefits. Hai Tram reports.
nghi son refinery and petrochemicals heading for insolvency

Nghi Son Refinery and Petrochemicals heading for insolvency

Unless PetroVietnam contributes sufficient capital to its joint venture project, lenders will not disburse and Nghi Son Refinery and Petrochemicals LLC (NSRP) will default.  
chinese investors to take over petrovietnams power plant

Chinese investors to take over PetroVietnam's power plant

The list of thermal power plants in Vietnam having investment capital from China will be extended once Chinese investors are approved to take over Long Phu III thermal power plant located in the Mekong Delta province province of Soc Trang.
appeal court upholds 18 years of imprisonment for dinh la thang

Appeal court upholds 18 years of imprisonment for Dinh La Thang

This afternoon, the court refused Dinh La Thang’s appeal, upholding the penalty of 18 years of imprisonment and VND600 billion ($26.4 million) of compensation.
pv power to sell state stake in single bulk to strategic investors

PV Power to sell state stake in single bulk to strategic investors

Vietnam’s second largest electricity producer, PetroVietnam Power Corporation (PV Power) plans to divest the state-owned stake by putting the shares on sale on the stock exchange in a single bulk.
four former leaders of petrovietnam subsidiaries to be prosecuted

Four former leaders of PetroVietnam subsidiaries to be prosecuted

Four former leaders of Vietnam National Oil and Gas Group (PetroVietnam) subsidiaries have just been prosecuted for “abuse of powers or position for appropriation of property” under Article 355 of the 2015 Criminal Code.
former chairman of pvtex guilty of bribery

Former chairman of PVTex guilty of bribery

After receiving a gift of shares worth VND3 billion, former chairman of PetroVietnam Petrochemical and Textile Fiber JSC (PVTex) has assigned a contractor without organising a bidding.
dinh la thang appeal trial to being on june 19

Dinh La Thang appeal trial to being on June 19

In the appeal letter submitted to the court, Dinh La Thang appealed against the entire first instance verdict in the case of PetroVietnam Construction Corporation (PVC) contributing VND800 billion ($35.2 million) to OceanBank and requested the court to reconsider the charges, penalties, and civil liability.
soai rap petroleum service industrial zone to be revoked

Soai Rap Petroleum Service Industrial Zone to be revoked

PetroVietnam Construction Joint Stock Corporation (PVC) will have its Soai Rap Petroleum Service Industrial Zone revoked due to operation inefficiencies and low occupancy rates.
arrest warrant on former pvtex general director

Arrest warrant on former PVTex general director

The Ministry of Public Security (MoPS) has just issued an arrest warrant on Vu Dinh Duy, former general director of PetroVietnam Petrochemical and Textile Fiber JSC (PVTex).
massive divestments to leave only three state owned groups by 2020

Massive divestments to leave only three state-owned groups by 2020

The equitisation of state-owned enterprises (SOEs) along with the divestment of state capital is an exciting opportunity for domestic and foreign investors to set foot in major fields of the Vietnamese economy.
scg makes final acquisition in long son petrochemical complex

SCG makes final acquisition in Long Son Petrochemical Complex

Leading ASEAN industrial conglomerate SCG has reached an agreement to buy PetroVietnam's 29 per cent in the long-delayed Long Son Petrochemical Complex, leaving it king of the hill.
na report shows soes debts in the quadrillions

NA report shows SOEs debts in the quadrillions

The report of the supervision board of state-owned enterprises (SOEs) shows that the public sector owed VND1.6 quadrillion (nearly $73 billion) between 2011 and 2016.