pvc misused trillion dong advance payment

PVC misused trillion-dong advance payment

Almost all of the $6.6 million and VND1.3 trillion ($59 million) that PetroVietnam paid to PVC as advance payment to implement the engineering, procurement, and construction (EPC) contract for the $1.7-billion Thai Binh 2 thermal power plant was used to pay for PVC’s loans in banks.
new chairman of petrovietnam officially takes office

New chairman of PetroVietnam officially takes office

This morning, Prime Minister Nguyen Xuan Phuc attended the announcement ceremony and handed over the decision to appoint Tran Sy Thanh as Secretary of the Party Committee and Chairman of Vietnam National Oil and Gas Group (PetroVietnam). 
pv gas hit with 5 million in tax arrears

PV Gas hit with $5 million in tax arrears

PetroVietnam Gas Joint Stock Corporation (PV Gas) will have to pay VND106 billion ($4.67 million) in tax arrears, including missed tax payments and the resulting fine.
pv power and bsr posting high profit before ipo

PV Power and BSR posting high profit before IPO

The two subsidiaries of Vietnam's oil and gas group PetroVietnam reported high profits in 2017.
trial of dinh la thang and 21 others to start on january 8

Trial of Dinh La Thang and 21 others to start on January 8

On January 8, 2018, the Hanoi People’s Court will open the first instance hearing of the trial of Dinh La Thang and 21 other defendants in relation to serious economic crimes at PetroVietnam Construction Corporation (PVC), according to newswire Vnexpress.
new petrovietnam chairman appointed after nearly a year of vacancy

New PetroVietnam chairman appointed after nearly a year of vacancy

On December 24, 2017, Tran Sy Thanh, member of the Central Party Committee and Secretary of the Lang Son  Party Committee, was appointed by the Politburo as chairman of Vietnam National Oil and Gas Group (PetroVietnam) and Deputy Chairman of the Central Party Committee's Economic Commission. 
pv power to launch ipo in january 2018

PV Power to launch IPO in January 2018

PetroVietnam Power Corporation (PV Power) will put more than 468.3 million shares of its charter capital for sale in its initial public offering (IPO) on January 31, 2018.
former pvn general director to be prosecuted

Former PVN General Director to be prosecuted

The police on Tuesday decided to prosecute former General Director of the Viet Nam National Oil and Gas Group (PetroVietnam) Phung Dinh Thuc for causing serious economic loss.
bsr offers 49 per cent to strategic investors

BSR offers 49 per cent to strategic investors

Investors interested in becoming strategic investors of Binh Son Refining and Petrochemical Company Limited (BSR), currently operated by PetroVietnam, are offered to buy a maximum of 1.52 billion shares, equalling 49 per cent of the chartered capital.  
dinh la thang arrested and facing legal proceedings

Dinh La Thang arrested and facing legal proceedings

Dinh La Thang - a member of the Party Central Committee and deputy chairman of the committee's Economic Commission, was arrested on December 8, 2017 by the Investigation Police Department in relation to two serious economic crimes during his chairmanship of the Member Council of Vietnam's oil and gas group PetroVietnam.
pv oil to roll out bio fuel e5 ahead of deadline

PV Oil to roll out bio-fuel E5 ahead of deadline

PetroVietnam Oil Corporation (PV Oil) will start to switch from RON A92 petrol to bio-fuel E5 nationwide on December 15. This is 15 days sooner than the official date approved by the government.
pvcombanks third attempt to divest top industrial insurer

PVcomBank’s third attempt to divest top industrial insurer

Vietnam Public Joint Stock Commercial Bank (PVcomBank) proceeded with the registration of selling two million shares of PVI Holdings, insurance subsidiary of Vietnam National Oil and Gas Group (PetroVietnam), running up to the third attempt to divest the insurance firm over the past four months.
pv oil issues hard criteria for strategic investors

PV Oil issues hard criteria for strategic investors

Issuing criteria asking investors to consume products manufactured by Dung Quat and Nghi Son refineries for ten years is creating difficulties for those interested in becoming strategic investors of PetroVietnam Oil Corporation (PV Oil).
aes signs on with pv gas for son my lng project

AES signs on with PV Gas for Son My LNG project

PetroVietnam Gas JSC inked a memorandum of understanding with AES Corporation on November 12, during US President Donald Trump’s state visit to Vietnam.
pv power shares to be sold at vnd14400 per share

PV Power shares to be sold at VNĐ14,400 per share

PetroVietnam Power Corporation (PV Power) shares may be sold at an initial price of VND14,400 (63 US cents) per share at its initial public offering (IPO). The Ministry of Industry and Trade (MoIT) has submitted to the Prime Minister Nguyen Xuan Phuc the plan for privatisation of PV Power under the Viet Nam National Oil and Gas Group (PetroVietnam).