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PV Oil

Surge in Petrolimex and PV Oil shares following new draft decree on fuel trading

Surge in Petrolimex and PV Oil shares following new draft decree on fuel trading

At the end of March, the Ministry of Industry and Trade unveiled a draft decree on fuel trading and investors were quick to assess that it will be good news for the primary fuel trading companies.
PV Oil estimates 1.54 billion in H1 revenue

PV Oil estimates $1.54 billion in H1 revenue

PetroVietnam Oil Corporation (PV Oil) estimated its consolidated revenue in the first half of 2019 reached nearly VND35.82 trillion (US$1.54 billion), 73.1 per cent of its target for the full year.
PV Oils foreign ownership cap temporary: executive

PV Oil’s foreign ownership cap temporary: executive

PV Oil’s locking of the foreign ownership ratio at 6.6 per cent is a temporary measure before the Government endorses its new capital divestment plan, according to the company’s general director Cao Hoai Duong.
Petroleum firms set out cautious plans for 2019

Petroleum firms set out cautious plans for 2019

Plummeting oil prices in the fourth quarter of 2018 have negatively affected the production and business efficiency of enterprises.
PV Oil estimates 2018 revenue at 2.5b

PV Oil estimates 2018 revenue at $2.5b

PetroVietnam Oil Corporation (PV Oil) estimates its total revenue in 2018 may reach VND57 trillion (US$2.5 billion), beating its forecast by 15 per cent.
PV Oil to sell States stake

PV Oil to sell State’s stake

PetroVietnam Oil Corporation (PV Oil), the second-largest petrol dealer in the country, will sell the State’s stake in a package deal instead of splitting it into different small sales, news site ndh.vn reported.
SK Energy becomes a major investor in PV Oil

SK Energy becomes a major investor in PV Oil

SK Energy Co., Ltd has become a major investor in PetroVietnam Oil Corporation (PV Oil) after the South Korean company completed the purchase of an additional 3.55 million shares of PV Oil to increase its holding from 4.89 per cent...
Vinfast, PV Oil ink deal on charging stations

Vinfast, PV Oil ink deal on charging stations

Viet Nam’s first car manufacturer VinFast and Vietnam Oil Corporation (PV Oil) on Thursday signed a Memorandum of Understanding (MoU) on implementing charging stations and leasing batteries for electronic vehicles.
Equitised SOEs struggle to attract strategic investors

Equitised SOEs struggle to attract strategic investors

 Many State-owned enterprises (SOEs) are finding it difficult to seek strategic investors post-equitisation and have decided to retain the shares or sell them to the public.
Petrol shares positive in 2018 despite volatility

Petrol shares positive in 2018 despite volatility

Despite a volatile market that caused stocks to in recent months, the prospects for shares in the three largest Vietnamese petrol retailers remains positive for 2018, according to Viet Capital Securities Corp (VCSC).
Customers can use QR code to buy petrol

Customers can use QR code to buy petrol

Individual customers will be able pay for petrol using the QR code technology in petrol stations of the PetroVietnam Oil Corporation (PV Oil).
PVOil launches cashless payment app for drivers

PVOil launches cashless payment app for drivers

PetroVietnam Oil Corporation (PVOil) on Tuesday launched PV Oil Easy, an application for smartphones and tablets that allows users to buy petrol and manage their purchases via a QR code.
Govt raises 184m from PV Oil offering

Gov’t raises $184m from PV Oil offering

The Vietnam Oil Corporation (PV Oil) successfully auctioned over 206 million shares in an initial public offering in HCM City on Thursday.  
Strong start for 2018 equitisation

Strong start for 2018 equitisation

Five big State-owned corporations will conduct initial public offerings (IPOs) in the first quarter. Market insiders give their forecast on the IPO prospects, market-absorption capacity and impact on the Government’s equitisation process this year.
PV Oil stakes entice eight foreign investors

PV Oil stakes entice eight foreign investors

Eight investors have registered to become strategic shareholders of the Vietnam Oil Corporation (PV Oil) as of January 10, PV Oil CEO Cao Hoai Duong confirmed on the sidelines of the corporation’s roadshow.