PVN receives high praise from Deputy Prime Minister

The Việt Nam Oil and Gas Group (PVN) needs to master oil and gas exploration and exploitation at home and abroad to help ensure national energy security and be an economic leader in the country, Deputy Prime Minister Trương Hòa Bình has said.

Robust earnings improve AM Best’s ratings outlook for PVI Insurance

Global credit rating agency AM Best has revised the outlook for PVI Insurance Corporation to positive from stable and kept ratings unchanged at B++ (Good) for Financial Strength Rating and bbb+ for Long-Term Issuer Credit Rating.

PetroVietnam explores oil and gas reserves Exploration findings at Kèn Bầu-2X in 2020 and Kèn Bầu-1X in 2019 affirmed the existence of oil and gas reserves in the area and adjacent blocks.

Sông Hậu 1 Thermal Power Plant to begin commercial operation in 2021 The Sông Hậu Thermal Power Plant Project 1 has two machine units with a total capacity of to produce a total output of 7,800 GWh per year. Its commercial power output is estimated to reach 7,301 GWh per year.

PVN gains $12.2 billion in January-June period The Việt Nam Oil and Gas Group (PVN) recorded revenue of more than VNĐ283 trillion (US$12.2 billion) in the first half of this year, contributing VNĐ32 trillion to the State budget.

Bình Sơn Refining and Petrochemical faces revenue slump

The company suffered a loss of VNĐ4.25 trillion in the first half of the year while it enjoyed a post-tax profit of VNĐ704 billion in the same period in 2019.

Thermal, nuclear power key to Việt Nam’s energy security: expert Dr Nguyễn Mạnh Hiến, former head of the Energy Institute under the Ministry of Industry and Trade, talks to Hải Quan (Customs) newspaper about Việt Nam’s energy security.

PetroVietnam’s oil equivalent output up in 5 months The Vietnam Oil and Gas Group (PetroVietnam)’s oil equivalent output reached 8.99 million tonnes in the first five months of this year, 4.4 per cent higher than its target.

Bình Sơn Refining and Petrochemical files for HNX listing The company plans to list more than 3.1 billion shares on the northern stock market, representing its charter capital of VNĐ31 trillion (US$1.34 billion)

PV Power to pay cash dividend, develop solar energy PetroVietnam Power Corporation plans to pay a 2019 cash dividend of 3 per cent instead of paying in shares at a rate of 6 per cent as planned previously.