Update news PVOIL

Vietnam warned of risks if it buys oil to store

Though domestic petroleum depots are full, the Vietnam Energy Association (VEA)
wants to buy oil to store.

Experts warn about depletion of Vietnam’s largest oil field

Most oil field exploitation in Vietnam is in the final stage. This has led to a decline in oil & gas output. 

20 foreign giants eye stake in Vietnam’s PV Oil

Nineteen companies have registered to buy a stake in PV Oil to become strategic shareholders when PV Oil launches its IPO, slated for early next year, according to a representative from PV Oil. 

Competitive petroleum market? It’s still far away

VietNamNet Bridge - 100 percent foreign-owned filling stations and the sale of a stake in petroleum companies by the state have not been enough to create a competitive petroleum market.

Will Japanese petroleum distributor succeed in Vietnam?

Though Idemitsu Kosan has impressed Vietnamese with high-quality, friendly service, it will still meet difficulties to cement its position in the Vietnamese market, experts say.

Foreign investors pouring more money into petrol market

An MOIT report shows there are 29 petrol distribution chains in Vietnam and the number has been increasing rapidly in the last year with at least five distributors set up this year. 

Domestic materials for E5 fuel in short supply

The Ministry of Industry and Trade (MOIT) estimates that from January 1, 2018, when Vietnam shifts from using RON 92 to RON 95 and E5, total E5 consumption volume would be around 5.357 million cubic meters, or 70 percent of total fuel demand.

Growth, inflation under control: PM

Prime Minister Nguyen Tan Dung has assured the nation that Viet Nam's gross domestic product (GDP) and inflation are still under control and are expected to hit their targeted 6.2 per cent and 5 per cent for 2015.

Ethanol plans still lack spark

 VietNamNet Bridge – The Vietnamese government is boosting preparations for the greater use of ethanol fuels across the country in order to meet an ambitious deadline for implementation.


 Vietcombank to exceed credit limit for PVOil; Vietnam Airlines airs new jets as part of expansion; Cienco 6 sets IPO date; Cao Bang border gate economic zone established; Vietnamese, Russian companies ink LNG deal

Distributor resistance hampers ethanol fuel

VietNamNet Bridge – Deputy Prime Minister Hoang Trung Hai has asked the Ministry of Industry and Trade and related competent bodies to speed up preparations for the use of ethanol fuels in line with the schedule.

Foreign partner withdraws from biofuel project

The Japanese partner in the Ethanol Binh Phuoc project has decided to withdraw from the project on the worry about the slow sale of the biofuel.

Vietnam vows to use green fuels to keep air fresh

The government has decided that E5 biofuels use would be compulsory throughout the country by December 1, 2015. Meanwhile, from December 1, 2014, biofuels must be used by road vehicles in seven provinces and cities.