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Oil

Finance ministry moves to curb inflation pressure after wage hike

Finance ministry moves to curb inflation pressure after wage hike

Speaking on Monday at the Government''s regular press conference for July, Deputy Minister of Finance Nguyễn Đức Chi said fears that prices would rise ahead of wages have eased in recent years following successive wage adjustments.
Petrovietnam proposes restoration of exploration risk fund

Petrovietnam proposes restoration of exploration risk fund

The proposal comes as many of Việt Nam''s largest oil fields, including Bạch Hổ, Rồng and Đại Hùng, have been producing for decades and are experiencing natural output declines.
Fertiliser exports to soon hit record high of 1 billion

Fertiliser exports to soon hit record high of $1 billion

At the growth rate, the fertiliser industry is likely to surpass the $1 billion mark for the first time and set a new record for export value.
Temporary tax cuts on petrol and oil extended

Temporary tax cuts on petrol and oil extended

Under Resolution No 34/NQ-CP issued on June 30, the government prolonged the exemption of the environmental protection tax, value-added tax (VAT) and most-favoured-nation (MFN) import tariff on petroleum products, fuel production feedstock and aviation fuel for an additional three months.
Energy industry urges reforms to speed up strategic projects

Energy industry urges reforms to speed up strategic projects

The oil and gas industry no longer enjoys the favourable conditions of previous decades, with many major oil and gas fields entering decline while new discoveries are increasingly located in deeper waters, requiring higher investment, more advanced technology and stricter...
Petrovietnam signs two major oil, gas agreements

Petrovietnam signs two major oil, gas agreements

The agreements underscore the commitment of Petrovietnam, the Petrovietnam Exploration Production Corporation (PVEP) and their partners to advancing oil and gas exploration, development and production activities, contributing to national energy security.
Việt Nam, Japan cultivate energy collaboration

Việt Nam, Japan cultivate energy collaboration

Deputy Minister of Industry and Trade Nguyễn Hoàng Long held a working session with Representative Director and Executive Vice President of Japan’s Idemitsu Kosan Co Ltd (IKC) Atsuhiko Hirano in Hà Nội on Friday, saying that he expects the Japanese...
Murphy Oil urged to expand investment in Việt Nam

Murphy Oil urged to expand investment in Việt Nam

The projects are expected to add to domestic oil and gas supply in the coming years.
Fuel prices cut for second consecutive week

Fuel prices cut for second consecutive week

The sharpest decrease was recorded for E5RON92 biofuel.
Retail fuel prices cut from Thursday afternoon

Retail fuel prices cut from Thursday afternoon

Retail fuel prices were simultaneously reduced from 15:00 on Thursday following the latest adjustment by the Ministry of Industry and Trade (MoIT) and and the Ministry of Finance, with E5RON92 biofuel recording the sharpest decline.
Oil price swings reshape profit landscape across energy sector in Q1

Oil price swings reshape profit landscape across energy sector in Q1

First-quarter financial statements released by major listed energy firms showed a deeply divided performance picture as geopolitical tensions and volatile crude prices d contrasting outcomes across the sector.
Ride-hailing firms raise fees as market shifts focus to profitability

Ride-hailing firms raise fees as market shifts focus to profitability

The ride-hailing market in Việt Nam is entering a new phase of competition as major platforms raise service fees and fares after years of relying on subsidies and promotions to attract users.
Fuel prices drop again from April 23 afternoon

Fuel prices drop again from April 23 afternoon

Accordingly, the price of E5RON92 biofuel is capped at VNĐ21,834 (US$0.83) per litre, down VNĐ100, and remaining VNĐ1,046 lower than RON95-III. The price of RON95-III is set at no more than VNĐ22,880 per litre, down VNĐ162.
Việt Nam to roll out special mechanisms for national energy centres

Việt Nam to roll out special mechanisms for national energy centres

Việt Nam needs breakthrough policy mechanisms beyond tax incentives to accelerate plans for a national refining and energy hub at Dung Quất in the central province of Quảng Ngãi, as the country seeks to strengthen energy security amid global volatility.
Dung Quất biofuel plant set for full-capacity operations in April

Dung Quất biofuel plant set for full-capacity operations in April

The Dung Quất Biofuel Plant is accelerating production and is expected to reach full capacity around mid-April, supplying ethanol for nationwide E10RON95 biofuel blending.