PetroVietnam Gas Joint Stock Corporation (PV Gas) on Monday signed contracts on the building of a liquefied natural gas (LNG) warehouse and the provision of the product for two thermal power plants, vietnamplus.vn reported.
Local and regional market sentiment recovered slightly as market expectations focused on the possibility that the Fed might lower interest rates twice this year.
Shares fell at the last trading minutes on Tuesday, dragged down by slump of Vinamilk (VNM) and PV Gas (GAS), as investors remained sluggish amid rising escalation in the US-China trade war.
PetroVietnam Gas Corporation (PV Gas) has announced its post-tax profit in the first quarter was up 16 per cent year on year to VNĐ3.03 trillion (US$130.2 million).
Shares declined further on Thursday amid rising investor caution, but foreign investors took the chance to increase their holdings.
Shares tumbled on Tuesday on the two national stock exchanges, dragged down by underperforming large caps, especially Vingroup and its subsidiaries.
Vietnamese shares ended the week on a negative note as strong gains in oil prices were not enough to counter strong selling that weighed heavily on large-cap companies.