Petrovietnam

PetroVietnam in need of investment capital Demand for investment capital at the Vietnam Oil and Gas Group (PVN) and its member units for 2018-20 was estimated to reach VND620 trillion (US$26.7 billion), PetroVietnam Securities Inc (PSI) recently announced.   … [Read more...] about PetroVietnam may buy crude oil to store

Hanoi (VNA) – Among the 10 most profitable firms in the banking – financial – securities sector in 2019, banks continue to be the focus of attention while the “trillions-of-VND” club has seen changes. The Vietnam Report JSC and online newspaper VietNamNet recently held a ceremony to announce the Profit500 2019 list, which names the most profitable businesses of the country this year. The Vietnam Oil and Gas Group (PetroVietnam) tops the rankings. This is the second year that the group has taken the leading position among the top 500 enterprises. Others in the top 10 include Samsung Electronics Vietnam Thai Nguyen Co. Ltd, Viettel Military Industry and Telecoms Group, Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Honda Vietnam, PetroVietnam Gas Corporation, VinGroup, Vietnam Dairy Products JSC (Vinamilk), Vietnam Technological and Commercial Joint Stock Bank (Techcombank), and Hoa Phat Group. Among the 10 most profitable firms … [Read more...] about List of Vietnam’s most profitable banks in 2019 unveiled

The falling oil price will affect the state budget as Vietnam is also an oil exporter In March, Standard Chartered forecast that the global oil price would hover at $29-35 per barrel, while the fresh projection of the International Energy Agency reached $38-43 per barrel, and Morgan Stanley also predicted the price to be around $50 per barrel this year. … [Read more...] about Nosediving oil price deals a blow to state budget

Oil and gas manufacturing affirms stuff in integration The Government will establish a market for mechanic firms to develop, including facilitating the sector to seek for domestic and overseas markets for the country’s oil and gas engineering sector’s products. … [Read more...] about Oil & gas sector bears double effects from Covid-19, oil price plunges

Faros Construction (ROS) will likely be removed from FTSE Vietnam in the March rebalancing On the flip side, Faros Construction (ROS) – a subsidiary specialised in construction and heavy engineering of real estate provider FLC – came under fire due to a strong selling pressure from investors. … [Read more...] about March portfolio rebalancing spells trouble for major tickers