Trang chủEnegry News' Vietnam

Ministry announces petrol price cut

Ministry announces petrol price cut

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 per litre Petrol prices change for 14th time since January The price of E5 RON 92 biofuel has also fallen by VND26 to VND17,618 ...

PetroVietnam's exploration arm dishonest about profit, owes huge taxes: inspectors

PetroVietnam's exploration arm dishonest about profit, owes huge taxes: inspectors

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 Corporation (PVEP) has been paying the common corporate tax rate of 25 percent on a large profit that it claimed had come from bank ...

Vietnam raises gasoline prices slightly

Vietnam raises gasoline prices slightly

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 went up 1 percent on October 3. Photo credit: Thanh Nien Gas prices went up 1 percent on October 3. Photo credit: Thanh Nien Vietnam on ...

Vietnam's GDP likely to grow 6.5% in 2015

Vietnam's GDP likely to grow 6.5% in 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 report on the domestic economy in September and the first nine months of this year released by the commission on October ...

PetroVietnam fears oversupply of petrol products, wants to restrict imports

PetroVietnam fears oversupply of petrol products, wants to restrict imports

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 Prime Minister some days ago, PetroVietnam admitted that it has met difficulties in finding consumers for petrol products from the two ...

Ministry seeks debtsto boost tax collection

Ministry seeks debtsto boost tax collection

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 planned to collect more than 50 per cent of the total tax arrears from 600 companies whose names had been publicised under Document 9901/BTC-TCT on ...

Power prices stable for 2015 - Economy

Power prices stable for 2015 - Economy

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 was made following public concern about the possible electricity price hike after these groups reported a loss caused by fluctuations in foreign ...

VN mixed; oil bolsters shares - Economy

VN mixed; oil bolsters shares - Economy

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 Index on the HCM Stock Exchange rose 0.2 per cent to close at 563.27 points. Meanwhile, the Ha Noi Stock Exchange's HNX Index dropped 0.2 ...

VN’s fuel prices cheaper than in neighbouring countries

VN’s fuel prices cheaper than in neighbouring countries

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). Facebook Twitter 0 vote(s) Comment Save this news   Petrol prices were cut five times in succession ...

The Saudis Should Take Another Look At What's Happening With U.S. Production

The Saudis Should Take Another Look At What's Happening With U.S. Production

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 Kingdom tens of billions. Mission accomplished, U.S. production is well into a decline. To continue ...

Platts Pre-Report Survey of Analysts’ EIA/API Suggests a 300,000-Barrel Build in U.S. Crude Oil Stocks

Platts Pre-Report Survey of Analysts’ EIA/API Suggests a 300,000-Barrel Build in U.S. Crude Oil Stocks

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 92.3% NEW YORK, September 8, 2015 - Platts - U.S. commercial crude oil stocks are ...

Vietnam oil output rises

Vietnam oil output rises

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 million tons, posting a 3.5 percent month-on-month increase, according to the Ministry of Industry and Trade's latest report. Vietnam targets to ...

Vietnam's sole oil refinery, plus future plants, not meant to lower fuel prices - Xinhua

Vietnam's sole oil refinery, plus future plants, not meant to lower fuel prices - Xinhua

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 newspaper Tuoi Tre (Youth) News reported Sunday. "We have never said domestic gasoline prices will go down thanks to Dung Quat Oil Refinery. All ...

Rosneft, Japan Drilling Co to drill offshore Vietnam

Rosneft, Japan Drilling Co to drill offshore Vietnam

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 subsidiary Hakuryu 5, Inc. signed an agreement on provision and operation of the marine drilling rig HAKURYU-5, for the purposes of drilling exploration ...

Vietnam index drops as oil prices fall

Vietnam index drops as oil prices fall

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 three consecutive losing sessions during the week. The index finished at 556.81 points on Friday. Volatile global oil prices undermined the ...