The Electricity of Vietnam (EVN) and PetroVietnam now account for a half of total investment capital of state groups and corporations under the latest inspection. And two giants will have to cut investment capital within this year according to the government’s Resolution No 11. The statement was made in the Ministry of Planning and Investment’s [...]
Vietnam National Oil and Gas Group (PetroVietnam-PVN) has recently said that as of May 31, Electricity Power Trading Co (EPTC) under Electricity of Vietnam (EVN) owns PetroVietnam Power Corp (PVPower) about 6.436 trillion dong of electricity purchase (excluding 895 billion dong of management and operation costs for Ca Mau power plants No 1 and 2) [...]
The set of indicators will include all subsidiaries under the Vietnam National Oil and Gas Group (PetroVietnam-PVN) which are listing shares on Hochiminh Stock Exchange (STC), Hanoi Stock Exchange (HNX) and UPCoM. PVN-index is built according to the international standards to create reliable reference index, fully reflecting the fund operations of PVN’s offshoots, help local [...]
The government’s plan to pump more fuel into state-run PetroVietnam has hit a snag. Many deputies at the 12th National Assembly’s 9th session, which wrapped up last week, frowned on the government’s scheme to use this group’s net profit worth VND3.5 trillion ($175 million) to reinvest in it this year. Before being tabled at this [...]
The Viet Nam National Oil and Gas Corporation (PVN) and the People’s Committee of Nam Dinh Province agreed on a comprehensive co-operation plan yesterday. The agreement is to make the most of the strengths of both parties, and promote PVN investments in its Nam Dinh-based units. According to the agreement, the petroleum corporation will create [...]
TNK-BP has announced a cooperation agreement in which the Vietnam Oil and Gas Group (PVN) will support Russia’s third biggest oil firm to buy BP’s Vietnam assets. The company said in a statement issued early this week that the agreement outlines “the further steps and activities to be undertaken as part of the (two) companies’ [...]
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