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oil prices

PetroVietnam maintains growth amid declining oil prices

PetroVietnam maintains growth amid declining oil prices

Crude oil prices ped sharply, negatively impacting the production and business activities of PetroVietnam in May, however, through consistent and proactive management, the company achieved high growth across all financial indicators.
Rising oil prices lifting prospects of oil, gas companies

Rising oil prices lifting prospects of oil, gas companies

Soaring crude oil prices positively affects production and business activities of many oil and gas enterprises.
Upstream oil businesses profit from higher rents and limited supplies

Upstream oil businesses profit from higher rents and limited supplies

Given the tightening of crude supplies in the global market, the oil and gas drilling segment is in high demand, boosting the business prospects of upstream service providers.
MoIT propose adjusting fuel prices every Thursday

MoIT propose adjusting fuel prices every Thursday

According to MoIT, shorter price cycles are better at keeping domestic prices closer to the global oil prices, even during holidays (except Tết) to minimise the risk of market disruptions.
CAAV asks to increase airfare due to oil prices

CAAV asks to increase airfare due to oil prices

To deal with fuel prices, the Civil Aviation Authority of Vietnam (CAAV) just proposed raising air service prices on domestic routes to the Ministry of Transport (MoT).
Petrol-and-oil import enterprises will face severe punishments for violations: MoIT

Petrol-and-oil import enterprises will face severe punishments for violations: MoIT

Enterprises in charge of importing petrol and oil will be strictly punished, and could even be suspended from operating, if found to be illegally holding petrol and oil to sell at a higher price later.
Russia-Ukraine conflict expected to greatly impact seaport enterprises

Russia-Ukraine conflict expected to greatly impact seaport enterprises

Rising international oil prices, due to tensions in Ukraine, will have a great impact on the shipping industry as input costs increase in tandem.
Oil and gas enterprises likely to benefit from higher oil prices in short-term

Oil and gas enterprises likely to benefit from higher oil prices in short-term

Despite negative effects of the COVID-19 pandemic, oil and gas enterprises still recorded a prosperous year thanks to the sharp rise in oil prices. 
Tax cut proposed to stabilise domestic petrol price

Tax cut proposed to stabilise domestic petrol price

Calls have been made for tax cuts to stabilise domestic fuel prices as global oil prices see continual increases.
When higher prices do not translate to better profits

When higher prices do not translate to better profits

Although global oil prices continuously hit new peaks, not all Vietnamese oil and gas companies benefit from the higher prices. 
Energy stocks benefit from higher oil prices

Energy stocks benefit from higher oil prices

Surging oil prices, recovering demand and tighter supplies have boosted energy stocks, supporting the general stock market. 
Oil and gas companies post mixed business results despite higher oil prices

Oil and gas companies post mixed business results despite higher oil prices

Oil prices have continuously increased since the beginning of the year on the production cut agreement of OPEC+ and the global recovery in fuel demand.
Plastic stocks surge in two months, boosted by low production cost

Plastic stocks surge in two months, boosted by low production cost

Listed plastic companies have seen their market values expand 15-50 per cent in the last two months on low oil prices and increased consumption.
Banks, chemical and plastic firms lift market up

Banks, chemical and plastic firms lift market up

Local shares rose on Thursday morning, driven by banking and plastic and chemical sectors.
PV Gas to overcome pandemic in 2020: CEO

PV Gas to overcome pandemic in 2020: CEO

State capital management at PV Gas has recently been transferred from the Ministry of Industry and Trade to the Committee for Management of State Capital at Enterprises.