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Petrovietnam sets sights on global Top 5 with ambitious green growth agenda

Petrovietnam sets sights on global Top 5 with ambitious green growth agenda

At the congress, Prime Minister Phạm Minh Chính praised Petrovietnam’s achievements, saying the group had become a model for transformation, resilience and innovation across the State-owned enterprise sector.
Institutional and financial barriers slow energy transition

Institutional and financial barriers slow energy transition

Themed ''Energy Transition: Vision and Action'', the forum focused on Việt Nam’s need to stay competitive in the global green supply chain while adapting to climate change.
Biofuel plant to restart amid rising E10 demand

Biofuel plant to restart amid rising E10 demand

With an estimated domestic gasoline consumption of 12-15 million cu.m annually, the ethanol demand might amount to 1.2 -1.5 million cu.m per year.
First oil achieved at Kình Ngư Trắng - Kình Ngư Trắng Nam project

First oil achieved at Kình Ngư Trắng - Kình Ngư Trắng Nam project

The project, located in Block 09-2/09, offshore in the Cửu Long Basin off the southern coast of Việt Nam, was completed one day ahead of schedule, meeting all technical and safety standards. 
VN-Index drops below 1,320 points as oil and gas stocks cushion losses

VN-Index drops below 1,320 points as oil and gas stocks cushion losses

The market experienced wide intraday swings, with the session’s low nearing 1,304 points.
Dung Quất refinery helps ensure national defence with locally made military fuels

Dung Quất refinery helps ensure national defence with locally made military fuels

Since 2012, BSR has cooperated with the Ministry of National Defence to develop fuel. Most fuels for defence equipment had previously been imported from abroad.
Rig incident at Sông Đốc oilfield contained, no environmental impact

Rig incident at Sông Đốc oilfield contained, no environmental impact

Emergency crews contained the incident within 30 minutes, with no impact on other oil and gas operations, the field operator said.
Petrovietnam exceeds key targets in four months

Petrovietnam exceeds key targets in four months

Petrovietnam delivered strong results in the first four months of 2025, exceeding most key production targets despite global market headwinds.
HCM City secures US6 bln deal for green energy, oil refinery projects

HCM City secures US$6 bln deal for green energy, oil refinery projects

A landmark US$6 billion investment agreement was signed in HCM City Monday, uniting Vietnam’s KOGI Groun and energy infrastructure in southern Việt Nam.
Fuel prices cut again

Fuel prices cut again

Việt Nam’s retail fuel prices were reduced for the second consecutive time from 3pm on May 8, under an urgent directive issued on the same day by the Ministry of Industry and Trade (MoIT).
Việt Nam expects stronger oil and gas cooperation with Algeria

Việt Nam expects stronger oil and gas cooperation with Algeria

The Algeria-Việt Nam Parliamentary Friendship Group stays ready to act as a bridge to advance Việt Nam’s proposals, contributing to the strong political and diplomatic ties between the two nations.
Prime Minister attends a series of oil and gas and offshore wind events

Prime Minister attends a series of oil and gas and offshore wind events

Prime Minister Phạm Minh Chính attended the oil and gas and offshore wind events with an investment capital of billions of US dollars in Bà Rịa-Vũng Tàu Province on December 1.
Petrovietnam aims for over US39 billion in 2024 revenue

Petrovietnam aims for over US$39 billion in 2024 revenue

Chairman Lê Mạnh Hùng has asked subsidiaries to assess global economic and political situation and trends to seize opportunities.
Petrovietnams nine-month results surpass revenue and budget contribution targets for 2024

Petrovietnam's nine-month results surpass revenue and budget contribution targets for 2024

Petrovietnam''s earned a total revenue of VNĐ736.5 trillion and contributed VNĐ115.2 trillion to the State budget in the first nine months of 2024, surpassing its annual targets by three to four months.
US initiates an administrative review of anti-dumping duties on Việt Nams OCTG

US initiates an administrative review of anti-dumping duties on Việt Nam's OCTG

The Trade Remedies Authority of Việt Nam has announced that the US Department of Commerce recently initiated an administrative review of the anti-dumping duty order on Vietnamese oil country tubular goods (OCTG).