MoIT proposes 35 percent cap on foreign investment in petrol market

MoIT proposes 35 percent cap on foreign investment in petrol market

The Ministry of Industry and Trade (MoIT) has proposed a 35 percent cap on foreign investment in local oil and petrol businesses, but said it was open to scrapping the regulation.
MoIT proposes to loosen barriers for foreign players in oil and petrol trade

MoIT proposes to loosen barriers for foreign players in oil and petrol trade

Once the proposal of the Ministry of Industry and Trade (MoIT) is approved, the petrol and oil trading scene may see more foreign players.
Gold and oil on the rise after drone attack in Saudi Arabia

Gold and oil on the rise after drone attack in Saudi Arabia

Both gold and oil have been soaring since the attack on the Saudi Arabian oil field, with North Sea Brent Crude recording the strongest increase in 30 years.
E5 RON92 still flying under locals' radars

E5 RON92 still flying under locals' radars

E5 RON92 petrol has performed rather poorly during the two years since its launch, despite the government’s efforts to narrow the price gap with RON95.
Gulf eager to develop $8 billion LNG complex in Ninh Thuan

Gulf eager to develop $8 billion LNG complex in Ninh Thuan

Gulf Energy Development proposed to invest $7.8 billion in the Ca Na LNG project in Ninh Thuan province for the second time, showing its determination.
Need for cleaner air driving strong LNG demand growth

Need for cleaner air driving strong LNG demand growth

Strong demand for cleaner-burning fuel in Asia continued to drive the rapid growth in LNG use in 2018. Shell expects demand to reach 384 million tonnes in 2020.
Nghi Son refinery starts commercial operations in November

Nghi Son refinery starts commercial operations in November

Nghi Son Petrochemical Refinery officially came into commercial operation on November 14, after more than four years of construction.
PetroVietnam flies over 11-month targets

PetroVietnam flies over 11-month targets

In the first 11 months of 2018, PetroVietnam surpassed business targets, including profit, revenue as well as oil and gas production.
Shell wants to become LNG supplier for PetroVietnam

Shell wants to become LNG supplier for PetroVietnam

Shell expressed interest in becoming the LNG supplier of several PetroVietnam projects to reach deeper in the local market.
Petrolimex proposes replacing oil refinery with gas power project

Petrolimex proposes replacing oil refinery with gas power project

Petrolimex has expressed its intention to return to South Van Phong oil refinery with a new project, only a short while after expressing intention to quit.
LPG suppliers in dramatic flight from Vietnam

LPG suppliers in dramatic flight from Vietnam

Rising trade fraud in Vietnam’s LPG market has been the dominant reason behind the shrinkage and withdrawal of a series of gas suppliers.
PetroVietnam exceeds targets by October

PetroVietnam exceeds targets by October

PetroVietnam outperformed its targets for October and the first 10 months of the year alike, setting itself on track for rosy full-year results. 
Dung Quat Bio-Ethanol to resume operations in mid-October

Dung Quat Bio-Ethanol to resume operations in mid-October

Dung Quat Bio-Ethanol Fuel factory will resume operations in mid-October, contributing to increasing E5 fuel supply and decreasing retail prices.
South Van Phong oil refinery to roll with the wind?

South Van Phong oil refinery to roll with the wind?

Petrolimex’s proposal to withdraw from South Van Phong oil refinery opens opportunities for other investors or spells doom for the oil refinery.
Idemitsu Q8 expands foothold via third petrol station in north

Idemitsu Q8 expands foothold via third petrol station in north

Idemitsu Q8 made the next step towards covering north Vietnam with its petrol station network by opening its third station in Hung Yen.
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