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Petrolimex

HDBank targets to lead retail market after merging PGBank

Thanks to the ecosystem combined among HDBank, PGBank, Petrolimex and Vietjet, HDBank expects to have around 40 million customers in the future.

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.

Japanese oil giant reveals reason for purchasing only eight per cent of Petrolimex’s shares

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.

Petrolimex to stop selling RON 92 petrol nationwide from January 1, 2018

Vietnam National Petroleum Group (Petrolimex) has announced to replace all Ron 92 petrol with E5 biofuel nationwide from January 1, 2018.

Petrolimex to acquire BRS's stakes and turn into its strategic partner

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 earns an after-tax profit of US$88.5 in the first six months

Petrolimex's consolidated after-tax profit in first 6 months of 2017 reached VND2,015 billion (equivalent to US$88.5) billion, of which VND1,776 billion (roughly US$78 million) is from the parent company's profit.

Petro Vietnam's revenue reached VND241.7 trillion in first half of 2017

According to the plan, Petro Vietnam is assigned to exploit 13.28 million tons of crude oil in 2017.

Petrolimex to earn more than a trillion dong in Q1/2017

Petrolimex's revenue increased sharply as crude oil price rose 54% over the same period last year.

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