PetroVietnam reaching full-year targets in main business metrics

PetroVietnam reaching full-year targets in main business metrics

Along with budget payment, state-owned oil and gas giant PetroVietnam has attained total revenue and consolidated pretax profit targets after just eight months.
PetroVietnam to develop $19-billion refinery and petrochemical complex

PetroVietnam to develop $19-billion refinery and petrochemical complex

PetroVietnam proposed to develop a $19 billion refinery and petrochemical complex in collaboration with a national oil reserve warehouse in Ba Ria-Vung Tau.
$2-billion Song Hau 1 thermal power plant inaugurated

$2-billion Song Hau 1 thermal power plant inaugurated

The inauguration of the $2-billion Song Hau 1 thermal power plant in the Mekong Delta province of Hau Giang will contribute to ensuring national energy security.
Uncertainty lingers on with global oil and gas investment

Uncertainty lingers on with global oil and gas investment

With a global oil price reaching eye-watering levels, much of Vietnam’s oil and gas potential depends on new-found investments in exploration technology, thus helping boost the country’s state budget.
Petrol law advances tailored for benefits

Petrol law advances tailored for benefits

An amended Law on Petroleum is expected to revive funding opportunities for the oil and gas sector as many fields are reaching their productive peaks or experiencing a state of decline – as long as some outstanding issues are ironed out.
Thai Binh 2 thermal power plant to start operations by May 10

Thai Binh 2 thermal power plant to start operations by May 10

All employees and managers are making an effort to put the first turbine of the Thai Binh 2 thermal power plant into operation by May 10.
Growth advancing in right direction

Growth advancing in right direction

Despite various global uncertainties, efforts to spur business and production have helped recover the country’s economic growth, driven largely by manufacturing and processing activities.
Vietnam to import additional petroleum and adjust tax

Vietnam to import additional petroleum and adjust tax

Increasing petroleum imports and raising related taxes is deemed an effective solution to offset the shortfall in domestic output.
PetroVietnam promoting US partnerships: The future of Vietnam’s energy industry

PetroVietnam promoting US partnerships: The future of Vietnam’s energy industry

On November 23, 2021, a round table discussion between PetroVietnam and US investors took place with the topic of potential energy investment in Vietnam.
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.
Fitch Ratings maintains standalone credit profile of PetroVietnam at BB+

Fitch Ratings maintains standalone credit profile of PetroVietnam at BB+

For the third consecutive year, Fitch Ratings evaluated PetroVietnam's standalone credit rating at BB+.
PetroVietnam resilient amid pandemic with concerted effort for sustainable development

PetroVietnam resilient amid pandemic with concerted effort for sustainable development

Despite the pandemic, state-owned oil and gas group PetroVietnam has shown admirable resiliency to make firm steps towards sustainable growth.
PetroVietnam outperforms 8-month period with continued focus on digital transformation

PetroVietnam outperforms 8-month period with continued focus on digital transformation

PetroVietnam is faring well so far this year, after boosting management efficiency through digital transformation efforts.
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.
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