Petrovietnam

More than 30 years ago, the Vietnam – Russia joint venture Vietsovpetro had to bring its rig platform from Baku (Azerbaijan) to the offshore of Ba Ria – Vung Tau province for assembly in service of oil and gas exploration and exploitation in Bach Ho oilfield. But now the oil and gas sector has become able to manufacture, install and operate rigs for oil and gas exploration and exploitation on Vietnam’s continental shelf. Besides, many products of the oil and gas mechanic sector have been exported to the world, helping bring foreign hard currencies to the country. … [Read more...] about Oil and gas manufacturing affirms stuff in integration

Hanoi (VNA) – Prison sentences ranging from 4-9 years have been proposed for two ex-leaders of the Vietnam-Russia oil and gas joint venture Vietsovpetro for “abusing position and power to appropriate assets”. The punishments were proposed at the first-instance trial held by the Hanoi People’s Court on March 21. Accordingly, the Supreme People’s Procuracy suggested a sentence of 8-9 years in prison for Vo Quang Huy (born in 1961, former Chief Accountant of Vietsovpetro) and 4-5 years in prison for Tu Thanh Nghia (born in 1962, former General Director of Vietsovpetro). The procuracy noted that Nghia admitted to receiving a total of over 2.1 billion VND (90,700 USD) in extra-interest that was not stated in Vietsovpetro’s deposit contracts at the Ocean Commercial Joint Stock Bank (OceanBank). The money had been given to him by then General Director of OceanBank Nguyen Minh Thu on three occassions. Meanwhile, Huy said he had received over 4.1 billion … [Read more...] about Prison terms proposed for ex-leaders of Vietsovpetro

In 2019, Techcombank added 1.1 million net new customers to bring the total customers served by the bank to 7.3 million. Customers using e-banking services increased from 56 per cent to 76 per cent year on year. Transaction volume and value through Techcombank’s mobile channels increased to 172 million, up 217 per cent compared with the same period last year and VND2.582 trillion (up 244 per cent year on year), respectively, thanks to the ongoing convenience and preference for the bank’s digital solutions. … [Read more...] about BUSINESS NEWS HEADLINES JAN. 24

According to plan, the two thermal power plants will cover an area of 34 hectares and have a total investment capital of VND33.3 trillion ($1.5 billion), with the generation capacity of 750-800MW each. The projects will use LNG imported from the Thi Vai storage terminal. … [Read more...] about PV Power mobilises capital for Nhon Trach 3 and 4 thermal power plants

HA NOI — Seven big cities and provinces — Ha Noi, HCM City, Hai Phong, Da Nang, Can Tho, Quang Ngai and Ba Ria-Vung Tau—will have to consume petrol E5 beginning in July 2013, according to a resolution being drafted by the Ministry of Industry and Trade. … [Read more...] about Five Vietnamese win Ernst& Young Entrepeneur award