The Vietnam Oil and Gas Group (PetroVietnam) posted 144.9 trillion VND (6.31 billion USD) in pre-tax profit during January-May, 2.3 times higher than the targeted number set for the period and tripling that of 2020.
Hanoi (VNA) - The Vietnam Oil and Gas Group (PetroVietnam) posted 144.9 trillion VND (6.31billion USD) in pre-tax profit during January-May, 2.3 times higher than the targetednumber set for the period and tripling that of 2020.
At an online meeting on June 7, PetroVietnam GeneralDirector Le Manh Hung said in May and over the first five months, the group recordedpositive outcomes in almost all fields following its plans and goals.
Oil exploitation output was a highlight, with the volume exceedingthe target by 18 percent in May, resulting in good growth in financial indexes for thefive-month period.
PetroVietnam reeled in 222.3 trillion VND in revenue, 14percent higher than the target and increasing 16 percent against the same period last year. Thegroup contributed 32.4 trillion VND to the State budget, exceeding the plan by 23percent and up 20 percent on-year.
All member units maintained stable production and businessactivities, with their inventories put under control, according to Hung.
Amid the complicated developments of COVID-19, the outcomes wereattributable to the group’s prompt implementation of specific measures andupdate on pandemic prevention measures.
PetroVietnam and its member companies have to date donated480 billion VND for the nation’s fight against the epidemic./.
The Vietnam Oil and Gas Group (PetroVietnam) has donated 30 billion VND (1.3 million USD) to the COVID-19 vaccine fund in a bid to join hands with the nation to fight the pandemic as well as ensure social welfare and people’s wellbeing.
The Enterprize Energy (EE) on May 27 signed a contract with PetroVietnam Technical (PTSC) G&S and Fugro to supply, install and operate a Floating LiDAR (FLiDAR) at the planned site of a wind power project offshore the south central province of Binh Thuan.
General Director of the Vietnam Oil and Gas Group (PetroVietnam) Le Manh Hung recently chaired a meeting to update the firm’s scientific research programme for 2021 - 2025.
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.
At the meeting (Source: PetroVietnam) 
