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PVN sets the target for "stable development" even when oil price falling to 30 USD / barrel
13:00 | 11/06/2020
At the Party Congress of the Vietnam Oil and Gas Group (PVN) in 2020-2025 term, on June 9,2020, in Hanoi, Mr. Le Manh Hung - PVN General Director proposed a target to decrease average cost of the crude oil exploitation for being able to stand steady (even if the crude oil price falling to 30 USD / barrel).
Why PVN can’t buy oil at “bottom price” for reserve?
14:50 | 23/04/2020
According to Vietnam Oil and Gas Group (PVN), it is not feasible to buy oil with “bottom price” because we do not yet have mechanisms and policies on risks for this activity (buying oil at “bottom price” leads to losses). On the other hand, at present, in Vietnam there are no national oil reserve depots, while the crude oil storages of Dung Quat and Nghi Son refinery plants can only meet production needs of these plants. It is also not feasible to rent an oil tanker (at least at this time), because of difficulty of our financial potential.
Stable profits of PV Drilling in the oil price volatility
12:12 | 23/09/2015
PetroVietnam Drilling & Well Services Corporation (PV Drilling) (Securities Code: PVD) said that it is estimated that business results in the 3rd quarter of 2015, in which profit after tax is estimated at 567 billion VND, decrease 5.0% over the same period (Q3 / 2014) but increased by 7.9% comparing to the previous quarter (Q2 / 2015).
Binh Son Oil Refinery Company have been allowed self-control in price mechanism
15:33 | 09/09/2016
The Prime Minister allows Binh Son Single Member Ltd – The Dung Quat Oil Refinery Management Company to have the self-control in price mechanism for import oil competition.
Expand opportunities for importing crude oil for Dung Quat oil refinery
14:29 | 17/09/2019
From September 9 to 12, 2019, the delegation of Binh Son Petrochemical Joint Stock Company (BSR) led by General Director Bui Minh Tien attended the 35th APPEC Conference in Singapore. This is an opportunity for BSR to contact and discuss with partners to expand opportunities for importing crude oil for Dung Quat Oil Refinery.
Vietnam determines to expand the Dung Quat oil refinery Plant despite oil prices fall
16:23 | 24/02/2016
At the working meeting with the key leaders of Quang Ngai province on Feb 22, President Truong Tan Sang affirmed: Although the crude oil prices in the world continue sharp fall, Vietnam still is determined to upgrade and expand Dung Quat oil refinery Plant in coming time.
Proposal to invest in an oil refinery complex and Vietnam's national crude oil and petroleum storage depot
11:47 | 18/08/2022
In fact, Because the capacity for producing gasoline and oil products is much lower than its consumption demand, Vietnam still has to spend billions of dollars to import petrochemical products for domestic demand and according to the demand forecast, Vietnam will lack a large amount of gasoline and oil products in the future...
Prista Oil to co-operate on oil recycling plant
17:06 | 14/04/2014
Bulgaria’s Prista Oil will co-operate with the state-run PetroVietnam to set up an oil recycling plant to manage and treat used oil in Vietnam.
Electricity price to go up
14:13 | 19/12/2014
The State-run EVN plans to increase the power price by 9.5 per cent next year, from VND1,508.85 ($0.07) per kWh to VND1,652.19 ($0.072) per kWh. A plan for the increase will be submitted to the Electricity Regulatory Authority of Vietnam under the Ministry of Industry and Trade (MoIT).
The new framework on average retail electricity price
13:08 | 07/02/2023
The Prime Minister has just issued a decision on the average retail electricity price(excluding value-added tax) as follows: The minimum average retail price of electricity is 1,826.22 VND/kWh; The maximum average retail price of electricity is VND 2,444.09/kWh (Decision No: 02/2023, dated February 3, 2023).
About the electricity price of the rooftop solar project
09:07 | 08/01/2020
The Ministry of Industry and Trade (MOIT) has just issued a document for agreement with the proposal of Electricity of Vietnam (EVN) on continuing to receive and deal with requirements about the electricity sale from the rooftop solar power projects (SPPs).
Electricity price adjustment increases consumer benefit
17:43 | 16/06/2014
The electricity price was adjusted on June 1 in favor of individual and organization consumers, with the average price (VND1,508.85/kWh) kept unchanged.
Increasing electricity price for the biomass energy projects
09:11 | 12/03/2020
The Prime Minister has just issued Decision 08/2020/QD-TTg on amending and supplementing a number of articles of Decision No. 24/2014/QD-TTg dated March 24 / 2014 by the Prime Minister on the mechanism to support developing the biomass power projects in Vietnam.
Promulgating 2019 range of price of electricity generation
16:31 | 21/02/2019
The Ministry of Industry and Trade (MOIT) has just promulgated Decision No. 281 on 2019 range of price of electricity generation, applicable for negotiating PPAs (as stipulated in Article 1 of Circular No. 57/ 2014/TT-BCT dated December 19, 2014 of the Minister of Industry and Trade).
The price policy for the solar power electricity has been changed
15:32 | 13/01/2019
On January 11, 2019 The Prime Minister issued the Decision to amend and supplement a number of articles of the Decision No. 11/2017 / QD-TTg of the Prime Minister dated April 11, 2017 on incentive mechanism for developing solar power projects in Vietnam. In which, there is modification of the regulations on electricity prices for the rooftop solar power projects.