Leading Russian energy group Gazprom and leading Vietnamese oil and gas group PetroVietnam have reached an agreement on operating and developing Vietnam’s Dung Quat oil refinery.

 VietNamNet Bridge – Russian firm Rosneft will provide six million tonnes of oil annually via the Kozmino terminal during the 2014-39 period for the Dung Quat Oil Refinery in Viet Nam.

 VietNamNet Bridge – Viet Nam backed co-operation in the field of oil and gas between US businesses and their Vietnamese partners, President Truong Tan Sang has declared.

 VietNamNet Bridge - A number of key leaders of state-owned enterprises will retire this year, according to Deputy Minister of Industry and Trade Do Thang Hai. The appointment of new chairs will be decided by Prime Minister Nguyen Tan Dung.

VietNamNet Bridge – The Vietnam National Oil and Gas Group (PetroVietnam) has voiced vehement protest against the China National Offshore Oil Corporation (CNOOC) for violating Vietnam’s sovereign right and jurisdiction.  

VietNamNet Bridge – PV Oil – the wholly owned subsidiary of the state-run PetroVietnam – recently said it was considering negotiating with Itochu and Licogi 16 to buy out a 71% stake in the joint venture to build an $80 million ethanol factory

VietNamNet Bridge – The US group Exxon Mobil has accelerated the pace of its investment in a 20-billion-USD gas-electricity complex in Vietnam.

 VietNamNet Bridge – The Vietnamese government recently gave PetroVietnam the go-ahead to buy its US partner Chevron’s 42.38 per cent stake in the $4.3 billion Block B and 48/95 gas projects.

 VietNamNet Bridge – Facing capital shortages, Electricity Viet Nam (EVN) has asked national coal group Vinacomin and PetroVietnam to invest in power plants, EVN deputy general director Dinh Quang Tri tells Vnexpress.

 VietNamNet Bridge – Prime Minister Nguyen Tan Dung has ordered PetroVietnam to accelerate its divestment from non-core businesses this year to make its operations more effective.

 VietNamNet Bridge – Exxon Mobil and Viet Nam National Oil and Gas Group will build a gas and power plant in central Viet Nam to supply gas and power along the East Sea.

 Dairy sector looks to triple cattle population; HCM City petition targets capital transfers; Induction stoves popular as gas prices rise; Cashew exports reach $1.5bn annual target

VietNamNet Bridge – The Vietnam National Oil and Gas Group (PetroVietnam) once again tops the list of the 500 largest enterprises in 2013.

 VietNamNet Bridge - For years, the word "restructuring" has become so familiar to many people, but not many people have seen the results of restructuring. Experts say that they have just heard about restructuring, not seen it.

The Deputy Director of the Vietnam Oil and Gas Group (PetroVietnam) has said the group’s total investment in non-core fields is about VND5.8 trillion, mainly in banking and finance, insurance and real estate fields.

 PetroVietnam divests on schedule; WB guarantees new Masan loan; Taiwan is top destination for Vietnam labourers abroad; M&A market boasts huge development potential

Ninety percent of the source of income of the Quang Ngai province comes from the Dung Quat Economic Zone which is comprised of an oil refinery. This explains why many other localities in the central region dream of having such refineries.

VietNamNet Bridge – Economists and authorities of Binh Dinh Province have supported the implementation of a USD27-billion oil refinery and petrochemical project despite strong opposition from PetroVietnam.

Chairman of the Vietnam Oil and Gas Group - Phung Dinh Thuc – has said that the Japanese partner in the Binh Phuoc Ethanol Project wants to withdraw from the project, while the group does not want to buy back the shares.

 VietNamNet Bridge – Only three Vietnamese bonds are listed on the international market, and their liquidity remains low.