29/03/2020

  The retail prices of petrol plummeted from 3pm of March 29, making it the sixth consecutive reduction since the beginning of this year. The retail prices of petrol plummeted from 3pm of March 29, making it the sixth consecutive reduction sin..

16/03/2020

  HÀ NỘI – Oil logged its worst week since 2008 after the oil price war, initiated by Saudi Arabia early last week, delivered a double blow to nervous investors already rattled by declines in world stocks due to the spread of the n..

14/02/2020

Despite global oil prices experiencing a tumultuous week due to the huge drop in Chinese oil demand, some Vietnamese oil and logistics businesses remain positive about the future.  Following the coronavirus outbreak, global oil prices have suff..

14/11/2019

Workers pick out gravel from coal at a coal port in Hanoi. Photo by Reuters/Kham. Vietnam’s coal and crude oil imports increased in the first ten months this year as energy demand rose alongside economic expansion. Between January and October..

18/09/2019

  Vietnam will abolish an import tax on crude oil from November, the government said on Tuesday, as the Southeast Asian country becomes more reliant on imported crude for its refineries. The country has required more imported crude to offset s..

05/04/2019

A production line at the Dinh Vu Polyester Fibre Plant in the northern city of Hai Phong. — VNA/VNS Photo Viet Nam’s economy will grow at 6.6 per cent this year, slightly down from last year’s 7.1 per cent, HSBC has forecast in a r..

05/04/2019

Friday, Apr 05, 2019  The Viet Nam-Russia joint venture Vietsovpetro reported that its oil and gas production in the first quarter of 2019 surpassed its target for the period, vietnamplus.vn reports. — Photo vietsov.com.vn The Viet Nam-R..

25/03/2019

The first quarter saw a flurry of interest among foreign investors in LNG-fired power projects in Vietnam. Thailand’s Gulf Energy Development Public Company Limited (Gulf), at a meeting in early March with Ninh Thuan authorities, expressed int..

13/08/2018

Vietnam boosted imports of crude oil in July as the 200,000 b/d refinery at Nghi Son was preparing for trial runs of 100% capacity in September. Vietnam imported 557,393 mt (131,796 b/d) of crude oil in July, up from none in the same month last year..

12/07/2018

Natural gas exploitation reached an estimated 5.3 billion cubic metres in the first six months. — VNA/VNS Photo Crude oil output reached 7.1 million tonnes in the first six months of this year and in doing so hit 54.3 per cent of the annual ta..

30/04/2018

The state-owned Qatar Petroleum (QP) has signed an agreement to supply Vietnam with up to two million tonnes of LPG and Naphtha per year for a period of 15 years, the company’s management announced in statement today. The agreement was signed ..

11/12/2017

SOCAR Trading, a subsidiary of Azerbaijan's state owned oil company SOCAR, agreed with the Vietnamese state owned company Binh Son Refining and Petrochemical Co. (BSR) and state oil trader PV Oil on oil supplies, the BSR reported on Dec. 8. The agre..

02/10/2017

Vietnam’s crude oil output in September is estimated at 1.06 million tonnes (259,000 barrels per day), down 9.9 percent from a year ago, the government said on Friday. Crude oil output in August was revised to 1.095 million tonnes, lower than ..

28/09/2017

The Communist Review, a magazine of the Communist Party of Viet Nam, and the Viet Nam Union of Science and Technology Associations held the seminar to discuss the achievements, opportunities and challenges facing the oil and gas industry and to propo..

07/04/2016

Thanh Nien News   Gasoline prices went up for a second time this year Tuesday -- following a sudden hike two weeks ago -- as global oil prices trended upward.   The price of 92-RON gasoline, the most popular variety in Vietnam, went up ..

18/01/2016

HA NOI (Biz Hub) — Local retail petrol prices could be adjusted daily instead of every fortnight in the future, Do Thang Hai, deputy minister of Industry and Trade, said.   Hai told a press conference in Ha Noi on Tuesday that the most s..

29/12/2015

VOV News English The shares of oil and gas companies have seen a price decrease of 49% by November compared with the same period last year, the sharpest so far.   Dung Quat Oil Refinery not to close Dung Quat oil refinery plant embarks on e..

29/12/2015

Truong Vi HA NOI (VNS) — Vietnamese shares yesterday rose slightly on both local markets as energy stocks benefited from higher oil prices. The benchmark VN Index on the HCM Stock Exchange gained 0.3 per cent to close at 566.17 points aft..

25/12/2015

HA NOI (Biz Hub) — Transport businesses must adjust transport fees in accordance with changes in fuel prices; otherwise, they may have their business license withdrawn, according to a Ministry of Finance document released yesterday. The Mi..

23/12/2015

Vietnam will exempt some state firms from a Pacific trade pact agreed this week and has negotiated to keep export taxes on its crude oil and coal to support an overstretched state budget, its chief negotiator said on Friday.   The nation is se..

23/12/2015

As oil prices continue to fall, oil and gas giant PTT Plc has said it will delay three oil refinery and facility projects worth an estimated US$3 billion each in Vietnam, Myanmar and Indonesia, Thai media reported Thursday.   Chansin Treenucha..

22/12/2015

Experts at the Ministry of Planning and Investment's Center for Economic and Social Information and Forecast made the prediction as oil prices have been on a downward slope since the beginning of this year, falling 33 percent for the year to around $..

22/12/2015

Retail gasoline prices in Vietnam decreased by more than two percent on Friday in the last fuel price adjustment of this year, following the global downward trend.   Vietnam's most popular gasoline grade 92-RON now sells at VND16,405 (73 US ce..

22/12/2015

A graphic image of Long Son petrochemical complex in the southern province of Ba Ria - Vung Tau. Photo credit: baobariavungtau.com.   SCG Chemicals Co, a subsidiary of Thai industrial conglomerate Siam Cement Group, has been in talks with seve..

22/12/2015

Retail gasoline prices in Vietnam decreased by more than two percent on Friday in the last fuel price adjustment of this year, following the global downward trend.   Vietnam's most popular gasoline grade 92-RON now sells at VND16,405 (73 US ce..

16/12/2015

The Tam Dao 05 jack-up rig is launched in southern Ba Ria-Vung Tau Province. — VNA/VNS Photo Manh Duong   BA RIA-VUNG TAU (VNS) — A ceremony was held in the southern province of Ba Ria-Vung Tau yesterday to launch Tam Dao 05 offsho..

07/12/2015

Vietnam’s gas prices drop again following global trend Vietnam on Thursday cut gasoline prices for the fourth consecutive time since mid October, this time by 1.5 percent. The retail price for the most popular grade 92-RON was reduced by VND2..

24/11/2015

According to inter-ministries of finance and industry & trade’s requirement, the retail prices of RON 92 and E5 petrol were reduced by VND 178 per liter as of 3pm yesterday.According to inter-ministries of finance and industry & trade’s r..

26/10/2015

* State firms in "national security" areas exempt * Export taxes remain on coal, crude, ores * ILO requirements on unions will be followed * Vietnam seen as one of the biggest gainers from TPP ADVERTISING   By Martin Petty an..

26/10/2015

Gazprom is considering entry into Vietnam’s energy market and constructing an LNG terminal in Dong Nai – according to news website Vietnam News. In an article it states that Russia’s gas giant Gazprom met with Dong Nai provincia..

26/10/2015

VOV News English  The domestic retail price of petroleum was reduced by VND136, bringing it to VND18,003 (80 US cents) per litre as of 3pm on October 19, the Ministry of Industry and Trade said. Petrol prices cut by nearly VND1,200 pe..

09/10/2015

Tax authorities have ordered the exploration arm of the state-owned PetroVietnam to pay VND80.1 billion (US$3.56 million) of back taxes and penalties after inspectors found a misdeclaration of profit.  PetroVietnam Exploration Production Corpor..

08/10/2015

Vietnam on Saturday increased gasoline prices again after only two weeks, as the Ministry of Industry and Trade said global fuel prices have seen “irregular fluctuations.” Facebook Twitter 0 vote(s) Comment Save this news Gas prices wen..

08/10/2015

The National Financial Supervisory Commission (NFSC) reduced its forecast of inflation to below 2 % while forecasting gross domestic product (GDP) growth at 6.5 % for 2015. Those expectations were the important contents of the commission's rep..

01/10/2015

The national oil and gas group PetroVietnam has asked the government to apply necessary measures to restrict petrol imports so as to ensure the sale of products to be produced by the Nghi Son and Dung Quat oil refineries. In a document to the Pri..

22/09/2015

HA NOI (VNS) — The Ministry of Finance would speed up the collection of tax arrears in September as a part of the efforts to fulfil the budget collection goal amid plunging oil prices. The ministry said that this month tax departments plan..

17/09/2015

Power prices stable for 2015 HA NOI (VNS) — The Electricity of Viet Nam (EVN) and the Viet Nam Coal and Mineral Industries Group (Vinacomin) have assured electricity prices will remain unchanged until the end of the year. The commitment w..

17/09/2015

VN mixed; oil bolsters shares HA NOI (VNS) — Vietnamese shares were mixed yesterday while higher global oil prices helped boost local energy companies. At the end of the trading session, the VN Inde..

14/09/2015

VietnamNet English VietNamNet Bridge – Petroleum prices in Viet Nam are lower than those in its neighbouring countries like Laos, Cambodia, and even China, according to the Ministry of Industry and Trade (MoIT). FacebookTwitter0 vote(s) Co..

14/09/2015

The Next Commodity Boom The OPEC Thanksgiving 2014 decision not to cut production was the right one. Saudi Arabia's decision to ramp up production to retain market share was not necessary and is costing the Ki..

09/09/2015

New York - September 08, 2015 Platts Survey of Analysts Crude oil stocks up 300,000 barrels Gasoline stocks unchanged Distillate stocks up 700,000 barrels Refinery utilization, or run rate, down 0.5 percentage points to 92...

08/09/2015

Vietnam produced 12.3 million tons of crude oil between January and August, up 8.7 percent year on year even though the government has been urged to cut oil production given sharp decline in global prices this year. August oil output reached 1.5 mil..

08/09/2015

news.xinhuanet.com HO CHI MINH CITY, Sept. 6 (Xinhua) -- The operations of Vietnam' s only refinery Dung Quat, and other facilities to be built in the future, will not help reduce the retail prices of petroleum products domestically, local online ne..

08/09/2015

naturalgasasia.com Rosneft and Japan Drilling Co. (JDC) have signed an agreement to drill for oil and gas offshore Vietnam. “Rosneft Vietnam B.V., a company of Rosneft Group, and Japan Drilling Co., Ltd. (JDC) represented by its subsidiar..

08/09/2015

English.news.cn HO CHI MINH CITY, Sept. 4 (Xinhua) -- The Vietnam Stock Index or VN-Index, a capitalization-weighted index of all the companies listed on the Ho Chi Minh City Stock Exchange, dropped this week due to oil prices fell. There were..

08/09/2015

By Michael Place Vietnam will invest in Venezuelan food production in exchange for cut-price crude oil imports, under a deal struck by the country's leaders. The accord aims to "facilitate business operations across energy, oil and gas, agricu..

08/09/2015

By , Reuters Vietnam's benchmark VN Index .VNI closed down 1.42 percent on Thursday, the third fall this week, dragged by the losses of banks and energy stocks due in part to lower global oil prices. The fall on Thursday, making Viet..

07/09/2015

By Manh Quan, Thanh Nien News HANOI - Thursday, September 03, 2015 15:36 An employee keys in the price of petrol at a pump at a petrol station in Hanoi, Vietnam September 3, 2015. Photo: Reuters/Kham An employee keys in the price of petrol at a pum..

07/09/2015

Thanh Nien News HO CHI MINH CITY - Thursday, September 03, 2015 14:26 A man refills his motorbike with biofuel E5 at a station in Ho Chi Minh City. Photo credit: Petrolimex A man refills his motorbike with biofuel E5 at a station in Ho Chi Minh Cit..

07/09/2015

Thanh Nien News A file photo of a Vietnamese oil rig While some officials have proposed an increase in Vietnam's crude output to counter the falling oil prices and achieve an economic growth of 6.2 percent, the government is not yet sure if that ..

07/09/2015

Terming India's plans to conduct oil exploration off Vietnam coast in the South China Sea as "illegal", a state-run Chinese daily today said it is an "unwise move" that may "sabotage" positive momentum in ties. BEIJING: Terming India's plans to c..

07/09/2015

By Michael Place - Tuesday, September 1, 2015 Venezuela, Vietnam sign oil-for-food pact Source: AFP Vietnam will invest in Venezuelan food production in exchange for cut-price crude oil imports, under a deal struck by the country's leaders. T..

01/09/2015

By Robert Brelsford OGJ Downstream Technology Editor   Binh Son Refining & Petrochemical Co. Ltd. (BSR), a subsidiary of state-owned Vietnam National Oil & Gas Group (PetroVietnam), has awarded a contract to Amec..

01/09/2015

By Ngan Anh, Thanh Nien News The Bach Ho Oil Field in southern Vietnam. Photo: Vietnam News Agency Vietnam, an energy exporting country, is struggling to deal with the negative impacts of lower oil prices as revenue shortfalls make..

01/09/2015

The company had applied for a third extension of the exploration licence in May In 2011, Beijing had warned OVL that its exploration off the Vietnam coast was illegal and violated China’s sovereignty. Photo: Bloomberg New Delhi..

24/08/2015

Offshore staff LONDON – Production from the Te Giac Trang field offshore southern Vietnam has been averaging 33,600 boe/d. This is below expectations, according to partner SOCO International, and caused partly by drilling delays. Output m..

24/08/2015

Offshore staff LONDON – First oil and gas has flowed from the H5 wellhead platform (H5-WHP) on the Te Giac Trang (TGT) field in the Cuu Long basin offshore southern Vietnam. According to partner SOCO International, start-up was over a mon..

24/08/2015

Offshore staff TOKYO – JOGMEC has agreed to provide equity financing to two Japanese oil companies for exploration offshore Vietnam. Earlier this week Idemitsu and Sumitomo signed a production-sharing contract (PSC) with PetroVietnam for ..

24/08/2015

EBR Staff Writer Talisman Energy has awarded front end engineering and design (FEED) contract to Wood Group for the subsea development of the Ca Rong Do field offshore Vietnam. Under the contract, Wood Group Kenny (WGK) will conduct comprehensi..

24/08/2015

Wood Group has been awarded the FEED contract for the subsea development of the Talisman Energy Ca Rong Do Field offshore Vietnam, the company said in a news release. The field is estimated to contain about 67 million barrels of oil equivalent. ..