petrovietnam subsidiaries co operate to increase efficiency to cope with dual crisis

PetroVietnam subsidiaries co-operate to increase efficiency to cope with dual crisis

Leading subsidiaries of PetroVietnam on August 3 signed contracts to strengthen cooperation and share human and information resources as well as experiences to bolster the group's inner strength and cope with the dual crises besetting it.
petrovietnam reports slight increase of revenue in first half of 2020

PetroVietnam reports slight increase of revenue in first half of 2020

Despite facing the double crisis of the COVID-19 pandemic and decreasing oil and gas prices, PetroVietnam is keeping its business stable and has gained a slight increase in revenue in the first half of the year.
petrovietnam bucking trends with positive business results

PetroVietnam bucking trends with positive business results

The easing of the coronavirus situation and the improving global oil and gas prices have helped Vietnam’s state-run oil and gas group PetroVietnam achieve a growing business result in May.
pv power to invest and build nhon trach 3 and nhon trach 4 thermal power plants

PV Power to invest and build Nhon Trach 3 and Nhon Trach 4 thermal power plants

Vietnam's second-largest electricity producer PetroVietnam Power Corporation (PV Power) has officially confirmed its approval of investment for Nhon Trach 3 and Nhon Trach 4 thermal power plants, with a combined capacity of between 1,300 to 1,760MW.
pv power to take a dive into solar power

PV Power to take a dive into solar power

PV Power plans to establish a member company to set foot in the renewable energy sector. At first, the group will construct rooftop solar power systems on the buildings and factories in the holding of PetroVietnam.
petrovietnam proposal to stop importing petroleum refused

PetroVietnam proposal to stop importing petroleum refused

The proposal to either stop or suspend petroleum imports lodged by PetroVietnam was refused as it would impact petroleum importers as well as violate Vietnam's free trade agreement and WTO commitments.
petrovietnam continues to make important economic contributions despite covid 19

PetroVietnam continues to make important economic contributions despite COVID-19

Although facing the double crisis of COVID-19 and the lowest-ever oil price, PetroVietnam has spotted opportunities to consolidate its business and get ready for a new stage of development.
oil and gas groups switch strategies to avert strain

Oil and gas groups switch strategies to avert strain

The latest bout of market turbulence has pushed the price of oil into negative territory, but investors can still turn the state of events to their advantage.
pvx prepares to delist from hnx due to weak performance

PVX prepares to delist from HNX due to weak performance

Tremendous prolonged losses forced PetroVietnam Construction JSC (HNX: PVX) to delist from the Hanoi Stock Exchange.
petrovietnam proposes restriction of oil imports due to covid 19

PetroVietnam proposes restriction of oil imports due to COVID-19

PetroVietnam has proposed restricting or temporarily halting the import of petroleum as aviation and transport are frozen due to the prolonged coronavirus outbreak.
petrovietnam workers put in maximum effort to overcome oil price fall and covid 19

PetroVietnam workers put in maximum effort to overcome oil price fall and COVID-19

PetroVietnam employees are giving their best to overcome the double impacts brought about by the biggest decrease in oil prices in the last 17 years and the global COVID-19 pandemic.
petrol and oil giants lost billions of dollars on plunging oil

Petrol and oil giants lost billions of dollars on plunging oil

The revenues of PetroVietnam and Petrolimex slumped by VND141 trillion ($6.13 billion) and VND12 trillion ($521.74 million) this year due to the dropping oil price and the COVID-19 health crisis.
state owned corporations and groups may lose 13 billion due to covid 19

State-owned corporations and groups may lose $13 billion due to COVID-19

If the COVID-19 pandemic continues to last for a long time and the price of oil cannot recover, the revenue of 19 state-owned groups and corporations will see a plunge of VND279.76 trillion ($12.16 billion) this year, and eight of them will suffer a damage of VND26.32 trillion ($1.14 billion), according to the Committee for Management of State Capital at Enterprises.
petrovietnam suffers sharp drop in first quarter revenue

PetroVietnam suffers sharp drop in first quarter revenue

Due to the poor performance of the general economy, the total first-quarter revenue of Vietnam Oil and Gas Group slid VND13.194 billion ($573,650) against the same period last year.
petrovietnam struggling with dual crisis of covid 19 and sharp decrease of oil price

PetroVietnam struggling with dual crisis of COVID-19 and sharp decrease of oil price

PetroVietnam and its subsidiaries are actively implementing solutions to cope with the double impact of the COVID-19 epidemic and the lowest oil prices in the world market in the last 17 years.