Vietnam's oil and gas laws in urgent need of readjustment to current-day realities

Vietnam's oil and gas laws in urgent need of readjustment to current-day realities

The energy transition, volatile oil prices, and limited resources are forcing Vietnam to make oil and gas development more flexible and increase incentives.
Removing roadblocks to oil and gas investment ventures imperative for development

Removing roadblocks to oil and gas investment ventures imperative for development

It is urgent for roadblocks to be removed in time to enable the oil and gas sector to contribute to the national economy and ramp up its charm for investors.
Korean consortium close to winning $4.8 billion Hai Lang LNG power plant

Korean consortium close to winning $4.8 billion Hai Lang LNG power plant

A consortium of Korean power companies and local T&T Group is awaiting the final nod for its $4.8 billion bid for Hai Lang LNG power plant in Quang Tri.
Hyosung Vina Chemicals proposes removing import tax on propane

Hyosung Vina Chemicals proposes removing import tax on propane

Hyosung Vina Chemicals is waiting for the MoF's approval to remove the 2 per cent import tax on propane, a material used for propylene production.
PetroVietnam reports rosy performance leveraging effective management

PetroVietnam reports rosy performance leveraging effective management

PetroVietnam has been promoting preventive measures and vaccination to protect employees while reinforcing production and business in the first seven months.
GE’s HA gas turbine fleet achieves 50 customers and one million operating hours

GE’s HA gas turbine fleet achieves 50 customers and one million operating hours

GE’s H-Class heavy duty gas turbine fleet has secured more than 50 customers across 20 countries and accumulated more than 1 million commercial operating hours.
PV Gas achieves half of financial plan in the first half

PV Gas achieves half of financial plan in the first half

PV Gas has revealed its estimated business results for the first half of 2021 with financial indicators increasing from 3 to 12 per cent over a year.
Binh Son Refinery reports $130 million in profit in first half

Binh Son Refinery reports $130 million in profit in first half

Binh Son Refinery acquired VND3 trillion ($130.43 million) in profit in the first half thanks to the soaring price of West Texas Intermediate oil.
PetroVietnam donates VND400 billion to COVID-19 Vaccine Fund

PetroVietnam donates VND400 billion to COVID-19 Vaccine Fund

State-owned oil and gas group PetroVietnam has recently donated VND30 billion ($1.3 million) to the national COVID-19 Vaccine Fund.
PetroVietnam books robust growth for four-month period

PetroVietnam books robust growth for four-month period

PetroVietnam has outperformed most business targets in the year to date due to drastic measures to boost production and management efficiency.
Nhon Trach 2 Thermal Power Plant under dual pressures

Nhon Trach 2 Thermal Power Plant under dual pressures

Rising gas and dropping gasoline product prices, along with the pressure from renewable energy, are putting Nhon Trach 2 Thermal Power Plant in a tight spot.
Fitch Ratings upgrades PetroVietnam’s outlook to "positive"

Fitch Ratings upgrades PetroVietnam’s outlook to "positive"

Fitch Ratings has revised the outlook for Vietnam’s state-owned oil and gas giant PetroVietnam to “positive” from “stable”.
PV Gas D signs strategic contract with Tokyo Gas Asia

PV Gas D signs strategic contract with Tokyo Gas Asia

PetroVietnam Low Pressure Gas Distribution JSC (PV Gas D) has decided to sign a strategc co-operation contract with strategic shareholder Tokyo Gas Asia.
PVEP to expand oil and gas operations by $380 million in 2021

PVEP to expand oil and gas operations by $380 million in 2021

PetroVietnam Exploration Production Corporation (PVEP) will invest $380 million to explore new oil and gas fields this year.
PetroVietnam strives to overcome difficulties and maintain stable business activities

PetroVietnam strives to overcome difficulties and maintain stable business activities

PetroVietnam was one of the few petroleum firms that managed to maintain stable business amid COVID-19 and the sharp decrease in oil prices.
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