Thanks to the ecosystem combined among HDBank, PGBank, Petrolimex and Vietjet, HDBank expects to have around 40 million customers in the future.
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.
When it comes to mergers and acquisitions (M&A), investors often prefer to take over 50% of the shares to become controlling shareholder; however, the Japanese oil giant JXTG has not intended to acquire majority stake in Petrolimex.
Vietnam National Petroleum Group (Petrolimex) has announced to replace all Ron 92 petrol with E5 biofuel nationwide from January 1, 2018.
Vietnam National Petroleum Group (Petrolimex) and Binh Son Refining and Petrochemical Co., Ltd (BRS), operator of Dung Quat refinery, entered a joint cooperation agreement on pushing up the consumption of petroleum products of Dung Quat refinery.
Petrolimex's revenue increased sharply as crude oil price rose 54% over the same period last year.
