PetroVietnam’s oil and gas output hit 9.97 million tonnes in 11 months
The Vietnam Oil and Gas Group (PetroVietnam) has reported that its oil and gas exploitation output reached 9.97 million tonnes between January and November, surpassing its target for the entire year by 2.5 percent.
Hanoi (VNA) - The Vietnam Oil and Gas Group (PetroVietnam) has reported that its oil and gas exploitation output reached 9.97 million tonnes between January and November, surpassing its target for the entire year by 2.5 percent.
Of the total, oil output hit 9.72 million tonnes, completing its yearly target 39 days ahead of schedule. The production of fertilizers, petroleum, and other petroleum products also adhered to their plans toward completing and exceeding the set targets.
In the 11-month period, the company contributed 84.7 trillion VND (3.67 billion USD) to the State budget, surpassing the yearly plan by 36 percent and increasing by 27 percent on-year.
The group also had one new oil and gas discovery at its Soi Vang-1X well and put a mine and two facilities into operation.
Meanwhile, the company saved some 2.47 trillion VND, or 90.6 percent of this year’s plan. It donated more than 770 billion VND to the fight against COVID-19, including nearly 455 billion VND to the national COVID-19 vaccine fund.
According to PetroVietnam General Director Le Manh Hung, in order to ensure pandemic safety and maintain production, the group and its member units will administer the third dose of COVID-19 vaccine for its employees and give them with COVID-19 treatment drugs.
At the same time, PetroVietnam will strengthen its forecasting of the macro-economic situation and the market for the remaining time of 2021 and for 2022 in order to develop scenarios and solutions serving its effective operation./.
The Vietnam Oil and Gas Group (PetroVietnam) has reported that it has completed the target of 7.99 million tonnes of oil output set for this year, 42 days ahead of schedule.
The Vietnam Oil and Gas Group (PetroVietnam) organised a series of activities on November 24-25 to celebrate the 60th anniversary of the traditional day of the oil and gas industry (November 27, 1961 - November 27, 2021).
Vietnam Oil and Gas Group (PetroVietnam) remains one of the three largest enterprises in the country in 2021, the 14th year in a row, according to the VNR500 rankings unveiled by Vietnam Report JSC.
The PetroVietnam Power Corporation (PV Power) has signed a cooperation agreement with gas industry company Novatek of Russia, on the development of liquefied natural gas (LNG) and energy projects in Vietnam.
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.
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.
Illustrative photo (Source: VNA) 
