Hanoi (VNA) – The Vietnam Oil and Gas Group (Petrovietnam) is taking strong measures to earn 1 quadrillion VND (39.4 billion USD) in revenue this year.
Petrovietnam General Director Le Ngoc Son said basing on the results recorded during the first 10 months, the group and its subsidiaries will continue ensuring safety for their facilities and factories while accelerating key projects. Concrete measures will be adopted to reduce costs, prevent wastefulness, and better the efficiency of facilities and factories. Any incident arising will also be handled in a timely manner.
For the remainder of this year, Petrovietnam Chairman Le Manh Hung asked subsidiaries to assess global economic and political situation and trends so as to devise response measures and seize opportunities.
They were also requested to enhance decentralised governance and control to boost growth. Besides, they have to step up the application of scientific and technical advances to all activities to foster growth momentum and raise labour productivity.
During January - October, the State-owned firm basically achieved and surpassed all of its targets by 0.1 - 18.3%, including many aspects posting year-on-year growth such as fertiliser, electricity, and petrol production.
⛦It also spent more than 514 billion VND on various social security activities such as 🥂house building for the poor and educational and health programmes./.
The Vietnam National Oil and Gas Group (Petrovietnam) has fully completed all of its six financial targets for 2024 assigned by the Commission for the Management of State Capital at Enterprises (CMSC) and the group’s Council of Members, ahead of schedule by 3 to 5 months.
A delegation of officials and experts from Gazprom visited Vietnam-Russia joint venture Vietsovpetro from September 26-27 as part of an annual cooperation training programme between the Russian gas giant and Vietnam Oil and Gas Group (Petrovietnam).
Member units of the Vietnam Oil and Gas Group (Petrovietnam) need to focus on enhancing professional competence and efficiency in governance and operation activities that will contribute to the national economy’s growth, Chairman of Petrovietnam’s Council of Members Le Manh Hung has said.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
