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Vietnam Oil and Gas Group (PVN) has completed over two months for the 4 targets in year plan as increasing the oil and gas reserves, total turnover, state budget payment and consolidated after- tax profits.

According to the information from Vietnam Oil and Gas Group (PVN), the group has exceeded many plan targets right in January 2020 as: the turnover of the group reached 66,300 billion VND (16.2% over the plan), State budget payment – 8,300 billion VND (17% over the plan), oil and gas exploitation with 8.5 % over the plan, producing 147,300 tons of nitrogenous fertilizer (2.5% over the plan) and 1.2 million tons of gasoline (5.3 % over the plan).

The Vietnam National Oil and Gas Group (PetroVietnam) has surpassed its key financial targets for this year, thanks to the rise in petrol prices in October.

In the first 9 months of 2020, although severely affected by the double crisis of Covid-19 pandemic and falling oil prices, but with the drastic and timely facing measures, the Vietnam – Russia Joint Venture Vietsovpetro has organized good pandemic control, ensured safety of the health for employees and maintained stable production and business activities.

The Vietnam Oil and Gas Group (PVN) informed that its financial targets in the first quarter of 2020 could not reach as planned because of “double impact” from Covid-19 pandemic and low oil prices.

On Jan 1st, 2015, Chairman Le Minh Chuan, President and CEO Dang Thanh Hai has co-chaired the online conference on production in January, 2015.

The State Capital Management Committee at Enterprises has just issued the Decision No. 237 / QD-UBQLV dated May 21, 2020 on approving the planned targets on production, business and development investment of Vietnam Oil and Gas Group (PVN) in 2020.

Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin), the country’s top miner targets to produce and consume 9 to 10 million tons of coal in the second quarter of 2014.