A ceremony to celebrate the 5th anniversary of Lao PetroVietnam Oil (PV Oil Laos), a subsidiary of the PetroVietnam Oil Corporation (PV Oil), was held in Vientiane on November 30.
Vientiane (VNA) - A ceremony to celebrate the 5th anniversary of Lao PetroVietnam Oil (PV Oil Laos), a subsidiary of the PetroViet﷽nam Oil Corporation (PV Oil), was held in V🀅ientiane on November 30.
The event was attended by Vietnamese Ambassador to Laos Nguyen Manh Hung and Vice President of the Vietnam National Oil and Gas Group Nguyen Sinh Khang, along with Lao officials and Vietnamese businesses in Laos.
Speaking at the ceremony, chairman of PV Oil Laos’ board of directors Huynh Nguyen Bach Tuyen expressed his gratitude to the Lao Party and Government for facilitating conditions for the company to operate.
PV Oil Laos will enlarge its retail network and develop its petrol business, making contributions to Laos’ socio-economy and tightening the special relations between the two countries, Tuyen highlighted.
With initial charter capital of 3 million USD, PV Oil purchased Shell du Laos Co in late 2009 and put PV Oil Laos into operation on December 1, 2010.
Despite difficulties caused by the global economic crisis, PV Oil Laos has made stellar achievements and become a leading subsidiary of PV Oil.
From 70 petrol stations in 11 out of 17 provinces and cities in the early days, the company has increased its presence to 15 provinces with 104 petrol stations. PV Oil Laos has become popular among Lao residents, resulting in revenue of over 100 million USD every year.
The company also proactively takes part in charitable activities in Laos.
PV Oil Laos’ success has backed PV Oil’s sound strategy of expanding its investment in foreign countries to bring its services to international markets.-VNA
The top 12 women’s and men’s teams will take part in the PV Oil Volleyball League, which will open in the northern provinces of Phu Tho and Yen Bai on April 4.
The Vietnam National Oil and Gas Group, better known as PetroVietnam, launched a synthetic oil service port system and a bonded fuel warehouse on Phu Quoc Island in the southern province of Kien Giang on June 28.
President Truong Tan Sang had a meeting with more than 100 outstanding female workers of the Vietnam National Oil and Gas Group (PetroVietnam) in Hanoi on October 7.
The relevant state offices must ensure supply of E5 grade bio-fuel for the domestic market to sell bio-petrol nationwide from November end, the Deputy Minister of Industry and Trade said.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
PV Oil's petro supply system (Source: VNA)
