Temporarily halting petrol and oil imports must be considered carefully: ministry

The proposal of temporarily halting the import of petrol and oil must be carefully considered to ensure national energy security and harmonise benefits between producers and consumers, Deputy Minister of Industry and Trade Đỗ Thắng Hải said.

Pandemic speeds up M & A deals as companies become cheap

In the first quarter of the year, Việt Nam foreign investors acquired stakes worth US$2 billion in local companies.

PVN proposes halt of petrol imports to support refineries amid tumbling domestic consumption The Việt Nam Oil and Gas Group (PVN) has asked relevant ministries to halt petrol and oil imports as domestic sales struggle due to travel restrictions to prevent the spread of COVID-19 pandemic.

PTSC Quảng Ngãi to list on UPCoM The Hà Nội Stock Exchange (HNX) has allowed PTSC Quảng Ngãi Petroleum Services Joint Stock Company to list 30 million shares on the Unlisted Public Company Market (UPCoM) under stock code PQN.

Việt Nam forecast to face net imports of crude oil Việt Nam’s self-sufficiency for crude oil could come to an end due to exploitation that could turn the country into a net importer of crude oil for the first time, experts warned.

Dung Quất refinery earns $26m in Q1 post-tax profit In Q1, the factory turned out more than 1.7 million tonnes of products and earned over VNĐ23.05 trillion in revenue.

Petrol imports to be reduced this year

Petrol imports this year should be sharply reduced as the Nghi Sơn Refinery comes into operation and the output of Dung Quất Refinery meets most of the local demand, said Deputy Minister of Industry and Trade Đỗ Thắng Hải.

Dung Quất wants equal incentives to Nghi Sơn Refinery

The central province of Quảng Ngãi urged the Government to provide policy incentives for Dung Quất Refinery equal to those enjoyed by Nghi Sơn Refinery to ensure fair competition.

Ministries propose revisions to petrol trading decree

The country should revise Decree 83 on petrol trading, especially regulations related to the calculation of output prices to ensure a transparent petroleum market, said Đỗ Hoàng Anh Tuấn, deputy minister of Finance Ministry.

Nghi Sơn Refinery permitted to export petrol during trial run

The Ministry of Industry and Trade has given permission for Nghi Sơn Oil Refinery and Petrochemical LLC to export fuel products from its new plant, which is operating on a trial basis.