Oil and gas enterprises likely to benefit from higher oil prices in short-term

Despite negative effects of the COVID-19 pandemic, oil and gas enterprises still recorded a prosperous year thanks to the sharp rise in oil prices. As oil prices are expected to remain high in the short term, enterprises in the industry are believed to continue benefitting.

Lossmaking plants to afloat thanks to Government scheme

Thanks to a scheme for state-owned enterprise restructuring during 2016-2020, many unprofitable plants in SOEs have been reinvigorated.

Việt Nam steps up energy transition for sustainable development

Việt Nam steps up energy transition for sustainable development

Việt Nam has step up the transition to efficient and renewable energies to tap opportunities for sustainable development but challenges remain, heard a conference held in Hà Nội on Wednesday.

Petroleum sector seeks protective policies to counter contraction Output contraction is an inevitable part of exploiting finite oil and gas fields worldwide. In Việt Nam, most of the active fields have been exploited since 1986.

Domestic demand for gasoline to recover in fourth quarter The demand for gasoline in the domestic market in the fourth quarter of this year will recover compared to the previous quarters but still lower than the same period last year, the Việt Nam Oil and Gas Group (PVN) forecasted.

PetroVietnam strengthens health and safety systems The Vietnam Oil and Gas Group (PVN) is a pioneer in the field of safety, environment and health management, gradually perfecting guidelines for safety, environment and response to occupational incidents, while ensuring compliance with legal regulations in accordance with international practices.

PetroVietnam rolls out measures to ensure operations in new situation Despite impacts of COVID-19, the Vietnam Oil and Gas Group (Petrovietnam) fundamentally fulfilled its set targets in the first eight months of this year.

New decision a legal tool to accelerate equitisation process

The Prime Minister’s newly-issued decision on State capital divestment at enterprises is an important legal tool to accelerate the current sluggish equitisation process of State-owned enterprises (SOEs), said Deputy Minister of Planning and Investment Trần Duy Đông.

HDI Global, IFC join forces to develop PVI Holdings HDI Global SE and International Finance Corporation have entered into a strategic partnership to help strengthen PVI Holdings into a leading insurance company in Việt Nam and Southeast Asia.