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).
pv oil ready to roll out e5 bio fuel nationwide

PV Oil ready to roll out E5 bio-fuel nationwide

PetroVietnam Oil Corporation (PV Oil) is willing to switch from RON A92 petrol to bio-fuel E5 on nationwide from January 1, 2018, according to newswire Cafef.
vung ang 1 power plant caught red handed

Vung Ang 1 power plant caught red handed

PetroVietnam was found in violation when it ignored the prime minister’s directive by permitting the management board of Vung Ang 1 thermal power plant to buy nearly one million tonnes of illegal coal to produce electricity, according to newswire Labour.
what lies behind vietlott ceos resignation

What lies behind Vietlott CEO’s resignation

The abrupt resignation of Tong Quoc Truong, CEO of Vietnam Lottery Co., Ltd. (Vietlott) is rumoured to be related to the violations at PetroVietnam Finance Corporation (PVFC) that took place during his time in office as CEO at PVFC and are currently under investigation.
close up of petrovietnams three major ipos in 2017

Close-up of PetroVietnam’s three major IPOs in 2017

The IPOs of three major oil and gas companies—Binh Son Refining and Petrochemical Company (BSR), Vietnam Oil Corporation (PV Oil), and PetroVietnam Power Corporation (PV Power)—are expected to be the “blockbusters” on the stock market in the last quarter of the year.
pv oil may conduct ipo in fourth quarter

PV Oil may conduct IPO in fourth quarter

PetroVietnam Oil Corporation (PV Oil) may put a 20 per cent stake, equalling 210 million shares, on sale at its initial public offering (IPO), which is expected to occur in the fourth quarter of this year, according to the latest report published on Ho Chi Minh City Securities Corporation (HSC)’s website.