Oil firm bags nearly $4.4 billion in 2019

BSR's Dung Quất plant. — Photo bsr.com.vn

HÀ NỘI — The Bình Sơn Refining and Petrochemical JSC (BSR), a subsidiary of the Việt Nam Oil and Gas Group (PetroVietnam), has reported gross revenue of VNĐ102.82 trillion (nearly US$4.4 billion) last year.

According to a consolidated financial report released on Monday, BSR’s after-tax profit hit more than VNĐ2.75 trillion, contributing over VNĐ9.7 billion to the State budget.

The firm’s equity increased from VNĐ31.37 trillion at the end of 2018 to over VNĐ33.9 trillion last year. Meanwhile, its liabilities decreased nearly VNĐ2 trillion to VNĐ19.5 trillion.

Total assets of BSR stood at over VNĐ53.4 trillion. In the first quarter of this year, the company wants to ramp up operations at the Dung Quất Oil Refinery Plant to its maximum capacity to complete its production targets for the year. — VNS

Tags PetroVietnam

Promising outlook for F&B exporting

Economy

Trade growth between Việt Nam and Americas promoted by FTAs

Economy

Honda Vietnam recalls CR-V vehicles for inspection

Economy

Vietcombank issues VNĐ2 trillion in green bonds, advancing Việt Nam’s green economy

Economy

Tax shift: e-commerce platforms could shoulder seller tax responsibilities

Economy

Long An rolls out red carpet for German investors: conference

More on this story

Economy

Total goods and service retail sales up in January

Total retail sales of goods and services in January were estimated at VNĐ448.1 trillion, up 3.6 per cent over the previous month and up 10.2 per cent year on year, according to the General Statistics Office (GSO).

Economy

Vietnamese shares contract in line with global markets

Shares plunged on both national stock exchanges on Thursday morning – the first trading session after the Tet (Lunar New Year) holiday – due to volatility on the global markets given developments of the virus outbreak in China.

Economy

ADB loan to unlock long-term financing for solar power in Việt Nam

The Asian Development Bank (ADB) signed a US$37.8 million loan deal with TTC Energy Development Investment Joint Stock Company (TTC Energy) to provide long-term financing to develop and operate a 50-megawatt (MW) photovoltaic solar power plant in the southern province of Tây Ninh.

Economy

January FDI surges 179 percent

Việt Nam raked in US$5.3 billion in foreign direct investment (FDI) in the first 20 days of 2020, a year-on-year surge of 179.5 percent, according to the Ministry of Planning and Investment.

Economy

Masan Consumer brings Tết festivities to disadvantaged children

Masan Consumers Joint Stock Company and the Vietnam Cuisine Culture Association have organised a charity programme, Tết trẻ em (Children's Lunar New Year).

Economy

HCM City to foster ICT development

HCM City will continue to promote the development of information and communications technology to develop into an innovative smart city and improve living conditions, authorities have said.

Economy

Registered capital of new enterprises in January hits four-year high

Việt Nam had 8,276 new enterprises established in the first month of 2020, down 17.9 per cent year-on-year, but the total registered capital of the enterprises surged sharply by 76.8 per cent to VNĐ267 trillion (US$11.46 billion), the highest growth rate in four years, the General Statistics Office (GSO) reported.