petrovietnam to reduce stake in pvcombank

PetroVietnam to reduce stake in PVcomBank

The Vietnam Oil and Gas Group (PetroVietnam) is set to significantly diminish its stake in PVcomBank as part of a broad restructuring scheme aimed at adapting to evolving market trends and enhancing its competitiveness.
smbc nikko securities fully divests from petrovietnam securities

SMBC Nikko Securities fully divests from PetroVietnam Securities

SMBC Nikko Securities Inc. has sold more than 8.9 million PSI shares since October 6, accounting for a just-under 15 per cent stake in the brokerage, according to the Hanoi Stock Exchange.
more companies embrace sustainable development

More companies embrace sustainable development

Increasingly, companies across Vietnam are embracing corporate responsibility, sustainability, and building community relations. The presence of names such as Samsung, PetroVietnam, Sabeco, BRG, SeABank, Vingroup, Sun Group, Coninco, Kinderworld, and Gelex in community activities over the years is obvious.
petrovietnam sets ambitious targets

PetroVietnam sets ambitious targets

Riding on positive growth, state-run Vietnam Oil and Gas Group (PetroVietnam) has set high-pressure goals for the last three months of 2023 to ensure sustainable development in the long term.
petrovietnam invests in o mon iii and iv thermal power plants

PetroVietnam invests in O Mon III and IV thermal power plants

PetroVietnam has taken over the O Mon III and IV gas-fired power plants after a recent decision promulgated by Can Tho People’s Committee.
bsrs initial rating results in positive bb

BSR's initial rating results in positive BB

Binh Son Refining and Petrochemical JSC (BSR) has just been assigned a rating of BB – the outlook is positive – and a standalone credit profile of BB-.
vietnams 500 most profitable firms for 2023 unveiled

Vietnam's 500 most profitable firms for 2023 unveiled

The latest PROFIT500 rankings, released on September 8 in partnership with Vietnam Report and Vietnamnet, highlight the 500 most profitable companies in Vietnam for 2023, with industry titans like Vietnam Oil and Gas Group (PetroVietnam) and Samsung Electronics topping the chart.
ptsc and sembcorp secure clean energy export licence

PTSC and Sembcorp secure clean energy export licence

Vietnam's Petrovietnam Technical Services Corporation (PTSC) and Singapore's Sembcorp Utilities Pte Ltd (Sembcorp) secured a crucial licence on August 29 to advance its offshore renewable energy project in Vietnam, with ambitions to export clean energy to Singapore.
pv power asong invest and pvcb capital sign mou on green industry

PV Power, Asong Invest, and PVCB Capital sign MoU on green industry

On August 25 in Hanoi, PetroVietnam Power Corporation (PV Power), along with Asong Invest and PVCB Capital, signed an MoU signing to co-invest and collaborate on green industry in Vietnam.
flaws in infrastructure hinder plans for lng

Flaws in infrastructure hinder plans for LNG

The possibility that electricity generated from liquefied natural gas will replace coal-fired power is some way off, with infrastructure concerns regarding import operations coming to the fore.
thi vai terminal receives first lng shipment

Thi Vai Terminal receives first LNG shipment

As PetroVietnam Gas (PV Gas) works to secure a long-term fuel source for further liquefied natural gas (LNG) gas power facilities, the future stable operation of power facilities in Vietnam is being hampered by a lack of infrastructure to import and store sufficient liquefied natural gas.
vietnam pushes for transfer of skypec from vietnam airlines to petrovietnam

Vietnam pushes for transfer of Skypec from Vietnam Airlines to PetroVietnam

The Vietnamese government has instructed the State Capital Management Committee (CMSC) to facilitate the transfer of the Aviation Fuel Company (Skypec) from Vietnam Airlines to Vietnam Oil and Gas Group (PetroVietnam) . This directive was issued during a meeting held on June 23 between the government, CMSC, and 19 prominent business corporations.
petrovietnam to take over two gas fired power projects from evn

PetroVietnam to take over two gas-fired power projects from EVN

PetroVietnam is approved to take over the two gas-fired power projects from EVN: O Mon III and IV.
pvs in talks with foreign investors for renewable energy investments

PVS in talks with foreign investors for renewable energy investments

PetroVietnam Technical Services Corporation (PVS) has revealed an overview of the company's successful bidding and contract acquisition for offshore wind power projects in various international markets, while emphasising the company's potential to lead in Vietnam's offshore wind power sector.
shell to provide first shipment to thi vai lng facility

Shell to provide first shipment to Thi Vai LNG facility

PetroVietnam Gas JSC (PV GAS) has signed a confirmation notice with Shell, under which the latter will provide the first liquefied natural gas (LNG) shipment to Vietnam.