Insurer PVI to pay dividend at 22.5 per cent The company has approved the target revenue for 2020 of VNĐ10.1 trillion (US$432.8 million), down 8 per cent from last year.

PVN estimates billions of dollars in lost revenue as oil prices crash Petrovietnam estimated a loss worth up to US$3 billion in revenue this year if crude oil prices remained at rock-bottom levels of $30-35 per barrel as in recent days.

Foreign capital to flow into non-life insurers on hopes of State divestment State divestment is expected to lure foreign investors into and lift Việt Nam’s non-life insurance market.

PVN oil and gas exploitation exceeds 11.5% of the plan The Việt Nam Oil and Gas Group (PVN) said it had surpassed its oil and gas exploitation target by 11.5 per cent in the first two months of this year.

EVN produces one third of total power output

Electricity of Việt Nam (EVN) has produced 7,185 MW of power, accounting for 33.2 per cent of Việt Nam’s total power output in the 2016-20 period, according to the revised Power Development Master Plan (PDP) VII.

State-owned coal, oil producers urged to respond to COVID-19

The Ministry of Industry and Trade has instructed State-owned coal and oil-gas producers to develop measures to respond to impact of the acute respiratory disease caused by the COVID-19 outbreak.

Super committee faces difficulties in checking SOE property

The increasing amount of property and land under State-owned enterprises (SOEs) was mentioned as a factor in their slow equitisation.

PetroVietnam exceeds January targets The Vietnam Oil and Gas Group (PetroVietnam) surpassed many targets, including revenue and State budget contribution in the first month of 2020.

PM urges better coordination in managing State capital

Prime Minister Nguyễn Xuân Phúc urged better coordination between the Commission for the Management of State Capital at Enterprises (CMSC) and ministries, sectors and corporations to avoid delays in key tasks.

PVN records revenue of $31.7b in 2019

The Việt Nam Oil and Gas Group (PVN) earned revenue of more than VNĐ736 trillion (US$31.7 billion) in 2019, marking a year-on-year increase of 17 per cent.