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Competition between PV Oil and Petrolimex toughly attributed to Japanese strategic partners' participation

The competition for petrol market shares between Petrolimex and PV Oil has been lasting over a long period of time and becoming more intense with the participation of JXTG Nippon Oil & Energy and Idemitsu Kosan, the two Japanese giant petroleum companies.

Vietnam raises US$308 million from PV Power's IPO

The Government of Vietnam has raised US$308 million (VND6.996 trillion) after selling 20 per cent of PetroVietnam Power (PV Power) in an initial public offering (IPO) on the Hanoi Stock Exchange on January 31.

PV Oil draws eight strategic investors for its upcoming IPO

According to PetroVietnam Oil Corporation (PV Oil), to the date, there have been eight investors including six foreign investors and two local investors registering to purchase PV Oil’s shares via IPO on January 25, 2017.

PV Oil can be valued at half a billion US dollars after being listed on bourse in early 2018

PetroVietnam Oil Corporation (PV Oil) will be listed in the first quarter of 2018, and the company's value is estimated at US$520 million, according to Ho Chi Minh City Securities Corporation (HSC).

MoIT values PV Oil at $456 million

Valuation made as at January 1, 2016, with IPO to be conducted later this month.

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