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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.

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 September 22, 2020, in Hanoi, Mr. Tran Dinh Nhan - General Director of Electricity of Vietnam (EVN) had a working meeting with Mr. Andrew Jeffries – ADB Country Director for Vietnam. Discussing with EVN leaders, ADB representative in Vietnam valued that EVN has effectively used support funds from the global financial institutions including ADB and international partners.

According to the plan, on May 7, 2021, in Ho Chi Minh City, the "International Forum on Finance and Technology for Clean Energy Projects in Vietnam (first time)" and Voting "The TOP prestigious electrical equipment brands in Vietnam in 2020". However, due to complying with the measures to prevent and control the Covid-19 epidemic of the Government and the People's Committee of Ho Chi Minh City, the Forum had to stop right before one day. Faced with the situation of "force majeure" due to the pandemic, the experts and managers discussed and contributed opinions, the Science Council of Vietnam Energy Magazine decided to make a report and recommendations on a number of mechanisms and policies for the sustainable development of clean energy in Vietnam to the Prime Minister, the Head of the Central Economic Commission, the Minister of Industry and Trade as well as related ministries and industries.

On June 22, in Hanoi, took place the signing ceremony of financial commitment between Electricity of Vietnam (EVN) and French Development Agency (AFD) for Hoa Binh Extended Hydropower Project (EHPP).

On February 15 in Hanoi, Mr. Nguyen Hong Dien - Minister of Industry and Trade (MOIT), and Mr. Nguyen Hoang Anh - Chairman of the Committee for the Management of State Capital at Enterprises (CMSCE) co-chaired a meeting with the Electricity of Vietnam (EVN) to discuss a number of investment projects for developing the power plants and power grids, the financial balance of EVN in 2022 - 2023 and develop a plan for the average retail price of electricity in 2023.

The Thai Nguyen Nonferrous Metal Joint Stock Company, a member unit of the Vinacomin - Minerals Holding Corporation (Vimico), has exceeded its annual targets due to prioritization of production mechanization, environmental protection and improvement of labor productivity and working conditions.

In 2020, the socio-economic situation of the country strongly affected by the Covid-19 pandemic and floods in the Central region, Vietnam National Coal and Mineral Industries Group (Vinacomin) had to face with a lot of difficulties. However, with the efforts of the employees, the Group successfully completed the plan with ensuring the production and business targets for 2020 as the proposed Resolution.

In 2018, with a general object as "Safety - Innovation - Development" in 2018, Vietnam National Coal and Mineral Industries Holding Corporation Limited  (Vinacomin) will continue to operate the production in accordance with the market demand, rationally invest in sustainable development of coal, minerals, power, other industrial sector and as well as the appropriate support services; effectively implement the Sector Restructuring Project with a focus on technical restructure and technological innovation, etc…

At the conference on production and business activities in the first quarter of 2018, Vietnam Oil and Gas Group (PVN) informed that from the beginning of the year, despite facing a lot of difficulties and challenges, the group and its member units have deployed the production and business tasks in an effective and safe way, and achieved positive results. The most production targets have been exceedingly completed by 4-15% over the plan of the first quarter.

The inform from the Electricity of Vietnam (EVN) said, in the recent years, the technical manageable assignments of EVN has achieved remarkable achievements, making an important contribution to improving the quality and reliability of power supply, in accordant with the power system with a largest installed capacity in Southeast Asia and 23rd in the world.

The Vietnamese coal industry will focus on strengthening the application of scientific and technological advances in production to increase labor productivity, reduce costs, and ensure worker safety in order to drive towards sustainable development.

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).

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.