Petrovietnam

Petrovietnam Board Chairman Hoang Quoc Vuong and the group’s other executives at the meeting Positive results In the first six months of the year, Petrovietnam closely followed market developments and exceeded most key targets. The group completed its oil exploitation target for the first six months in May. Crude oil and condensate output surpassed the plan by 15 percent in the first half, helping the group reach an exploitation output of 9.68 million tonnes of oil equivalent. Petrovietnam also surpassed the set figures for petroleum and fertilizer production. The group’s total accumulated revenue reached VND299.3 trillion, exceeding the plan by 20 percent, an increase of 22 percent compared to a year ago, while consolidated pre-tax profit stood at VND21.3 trillion, exceeding 165 percent of the plan, a three-fold increase compared to a year ago. In addition, the group contributed VND45.2 trillion to the state budget, exceeding 42 percent of the plan, an increase of 33 …

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Vaccination for workers (Photo: PetroVietnam ) Hanoi (VNA) - As many employees of the Vietnam Oil and Gas Group (PetroVietnam) have not been vaccinated against COVID-19, the group's production and trade as well as projects and plants have met with many difficulties and challenges, and above all, the employees' safety and health are at high risk. Workers at Nhon Trach 2 power plant test for COVID-19 (Photo: PetroVietnam) PetroVietnam now has over 50,000 managers, experts and workers. In order to ensure their safety and health, PetroVietnam and its affiliates have actively sought COVID-19 vaccine supplies and registered vaccination for their staff, apart from implementing strict prevention and control measures such as “three on the spot”, “a road – two destinations” rules. Workers at PV Gas seriously follow COVID-19 prevention and control regulations (Photo: PetroVietnam) COVID-19 case is found there, many workers will be put under concentrated quarantine …

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A ship loading LPG at PVGas's Vung Tau Port. — Photo pvgas.com.vn PetroVietnam Gas JSC (PVGas, GAS) reported profit after tax of more than VND2.3 trillion (US$100.1 million) in the second quarter of 2021, resulting in a rise of 4.3 per cent in profit after tax in the first six months of this year. In its second-quarter financial statement, PVGas witnessed a gain of 34.4 per cent year-on-year to more than VND22.7 trillion ($988 million) in the second quarter. With slower pace in its cost of goods sold growth, the company’s gross profit reached over VND3.78 trillion, up 57.4 per cent over last year. During the second quarter, income from financial activities halved to VND204.4 billion, while its expenses for financial activities jumped 230.3 per cent. The company’s sale expenses and general and administrative expenses surged 10.9 per cent and 162.2 per cent over the same period last year in the second quarter. Deducting expenses and taxes, PVGas recorded profit after tax of …

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Customers and Vietcombank employees wearing masks during transactions. The bank shares posted the biggest losses in market capitalisation yesterday. Photo portal.vietcombank.com.vn HÀ NỘI — Shares settled lower on Wednesday as selling force overweighed bullish sentiment gathering in the previous session. Foreign investors also net sold a great value of shares. On the Hồ Chí Minh Stock Exchange (HoSE), the market benchmark VN-Index fell 0.2 per cent to close on Wednesday at 1,270.79 points. The index reclaimed nearly 30 points in Tuesday's trade as investors' risk appetite returned. The trend continued in Wednesday's morning trade, then reversed course in the afternoon. The market’s breadth was still positive with 171 stocks declining, while 185 stocks climbed. Meanwhile, the liquidity was weaker as VNĐ16 trillion (over US$694 million) was poured into the market, worth a trading volume of nearly 452 million shares. The index’s reversal was mainly due to losses in …

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The index followed an upward trend throughout the day, rising nearly 23 points. It has gained 4 percent since its previous bottom on July 19. Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, gained 6 percent to VND17 trillion ($739.3 million). The bourse saw 308 tickers gain and 79 lose. The VN30 basket, comprising the 30 largest capped stocks, saw 29 tickers gaining and one unchanged, led by KDH of real estate firm Khang Dien House with a 7 percent increase. FPT of IT giant FPT Corporation rose 3.2 percent to a near two-week high, while VRE of retail real estate arm Vincom Retail gained 2.9 percent. VHM of real estate giant Vinhomes rose 2.8 percent, its third gaining session in a row. Other notable gainers include GAS of state-owned Petrovietnam Gas and TPB of private TPBank, both up 2.3, and PNJ of Phu Nhuan Jewelry, up 2.1 percent. Foreign investors were net sellers for the fourth straight session to the tune of VND508 billion, …

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Animal feed exports see surge in H1 Luc Ngan lychee of Bac Giang province is protected geographical indication in Japan. Vietnamese firms are urged to pay more attention to register for intellectual property protection in foreign markets. (Photo baochinhphu.vn) Vietnam’s animal feed exports hit nearly 523.88 million USD in the first six months of 2021, up 52.7 percent year-on-year, according to the General Department of Customs. China remains the biggest importer of Vietnam’s animal feed, with turnover reaching 188.3 million USD in the reviewed period. In June alone, China spent 36.62 million USD on importing animal feed from Vietnam, up 47.3 percent from the same period last year. Vietnamese exports of animal feed to Cambodia in January-June rose 41.7 percent to 74.81 million USD, maintaining Vietnam’s second largest importer. Meanwhile, the US surpassed India to become Vietnam’s third biggest importer of livestock feed with turnover hitting 56.42 million …

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Inside a factory of Việt Nam Rubber Group. The company's shares rose 4.3 per cent yesterday, supporting the market's rally. VNA/VNS Photo HÀ NỘI — Việt Nam’s stock market closed higher on Thursday, boosted by gains of many large-cap stocks across all sectors. However, the market liquidity continued to drop. The market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) rebounded and inched closer to 1,300 points after falling slightly on Wednesday afternoon. Accordingly, the index soared 22.88 points, or 1.8 per cent, to 1,293.67 points. The market’s breadth was positive with 308 stocks increasing while 79 decreased. Meanwhile the liquidity remained at a lower level as more than 536.4 million shares were traded on HoSE, worth just over VNĐ17 trillion (US$740.2 million). Analysts from Saigon-Hanoi Securities JSC (SHS) said that as the market is recovering from the sell-off, the lower liquidity is normal. The index was boosted by gains in pillar stocks from all …

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The index was on a downward trend throughout the day and closed with a near 25-point drop, the largest of the past four sessions. VCB of state-owned lender Vietcombank, VHM of real estate giant Vinhomes and HPG of steelmaker Hoa Phat Group contributed most to VN-Index’s loss with surging at-the-close selling value. Together these three tickers brought the index down by 5.6 points. In the VN30 basket, comprising the 30 largest capped stocks, VRE of retail real estate arm Vincom Retail led the fall with a 4.3 percent drop. The ticker continued its downward trend from its previous historic peak in January, having lost 28 percent since. VPB of private lender VPBank dropped 3.8 percent, while TCH of real estate company Hoang Huy Investment Financial Services lost 3.4 percent. Other losers included MSN of conglomerate Masan Group, down 3.2 percent, and SSI of leading brokerage SSI Securities Corporation, down 3.1 percent. But four blue chip tickers ended in the green, led by …

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Over 1 million tonnes of goods channelled through Quang Ninh’s Mong Cai border gate A site for goods examination of the Mong Cai International Border Gate in Mong Cai city, Quang Ninh province. Despite serious impacts from the COVID-19 pandemic, border trade activities in Mong Cai city of northern Quang Ninh province, which borders China, have been well maintained with a surge in the volume of import and export goods compared to the figure in 2020. According to the Mong Cai International Border Gate Management Board, as of July 18, the total volume of commodities imported and exported through the border gate had reached more than 1 million tonnes, up 89.2 percent over the same period last year. The collected fees were totalled at more than 34 billion VND (1.47 million USD), up 58 percent year-on-year and equal to 62.7 percent of the yearly target. Specifically, the number of vehicles crossing Bac Luan bridge border gate reached 28,358, including 12,806 …

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Vincom centre's entrance in District 1, HCM City. Vinhomes shares lost more than 3 per cent yesterday as risk appetite declined. — Photo vinhomecentralpark.com Shares settled down on the last trading day of the week as investors returned to profit-taking activities, while foreign investors continued to net sell on the market. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) plummeted 24.84 points, or 1.92 per cent, to 1,268.83 points. The fall took back all recovery efforts of Thursday's trade which gained nearly 23 points. The market’s breadth was negative as 282 stocks declining while 97 climbed and 38 ended flat. Meanwhile, the liquidity was higher with nearly 582.3 million shares traded on the southern bourse, worth more than VND19.3 trillion (US$839.4 million). The index fell sharply due to a strong division of large-cap stocks in all sectors. The 30 biggest stocks tracker VN30-Index dropped 26.95 points, or 1.89 per cent, to 1,401.53 points. In the VN30 basket, …

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