Outperformers in a challenging 2022

Outperformers in a challenging 2022

Despite a challenging 2022, many businesses beat the headwinds and ended the year with a bang.
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.
Pandemic restricting local oil groups

Pandemic restricting local oil groups

The return of coronavirus in Vietnam is once again dragging down local oil businesses as a silver lining for their recovery has been rocked.
Foreign firms to gain greater footing in petrol retail market

Foreign firms to gain greater footing in petrol retail market

New policies are in the making to allow foreign firms to gain greater footing in Vietnam's petrol retail market, according to the Ministry of Industry and Trade (MoIT).
PVOil reports loss of VND538 billion ($23.4 million) in first quarter

PVOil reports loss of VND538 billion ($23.4 million) in first quarter

The lowest oil price during 11 years fueled by COVID-19 has worsened the performance of local petroleum giant PVOil that see the loss of nearly VND538 billion ($23.4 million) in this year’s first quarter.