Five local enterprises have striven to the Asia300 Power Performers, with three have got to the top 100.
National Oil and Gas Group (PetroVietnam) has sold the remaining 29 per cent stake in Long Son Petrochemicals project to Thailand-based Siam Cement Group at price of VND2,052 billion or equivalent to $90.3 million.
Petrovietnam Power Corporation (PV Power), Vietnam's second-largest electricity producer, is becoming an investment target of Teakwang Korea, with a deal value of up to VND12 trillion (US$528 million).
Nghi Son refinery, Vietnam’s second oil refinery, is ready for commercial start-up from February 28, according to the latest announcement released by the Vietnam National Oil and Gas Group (PetroVietnam).
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.
Siam Cement Group has expressed interest in acquiring the remaining 21 percent stake currently held by PetroVietnam in the Long Son petrochemical complex.
The Hanoi People’s Court today opened the first instance hearing of the trial of Dinh La Thang and 21 other defendants accused of serious economic crimes at PetroVietnam Construction Corporation (PVC).
The equitization plan of three subsidiaries of Vietnam Oil and Gas Group (PetroVietnam), namely Binh Son Refining and Petrochemical Company Limited (BSR), PetroVietnam Oil Corporation (PVOil) and Electricity Corporation Vietnam Petroleum (PV Power), has been approved.
Viettel tops the list while Samsung Electronics Vietnam and Vietnam National Oil and Gas Group (PetroVietnam) rank second and third, respectively, according to the list of 500 most profitable companies in Vietnam in 2017, briefly called Profit500 list just announced.
In the first 9 months of 2017, the crude oil extraction in Vietnam exceeded its plan by 297,000 tons, contributing significantly to the economic growth of the country.
According to the Investigative Police, the receipt and use of unofficial payments at Vietsovpetro (VSP), Binh Son Refining and Petrochemical Company Limited (BSR) and PetroVietnam Exploration Production Corporation (PVEP) are acts of law violation.
An inappropriate anticipation of the market context has become the main reason that the national oil and gas group PetroVietnam may have to face a payoff.
Prime Minister (PM) Nguyen Xuan Phuc demanded PVN leadership to justify and come up with solutions for five loss-making projects.
