Petrolimex reportedly sold 10 percent stake to Japan's JX
JX is considering joining Petrolimex in an $8 billion refinery in the central region
Petrolimex expects to earn more than $176 million from the deal, on track to reduce the state ownership
It will make the Vietnamese market more transparent and competitive, benefiting consumers, they say
The fuel giant promises to compensate all affected drivers
Vietnam's merger and acquisition (M&A) deals hit a record $4 billion last year
Petrolimex will continue reducing the state ownership to below 75 percent
10 Vietnamese companies have been named in Asia’s Top 1,000
Seeks to augment capital
The central bank plans to reduce the number of banks to 20-25 in the next two years
The companies are developing Vietnam's second refinery with PetroVietnam
8,815 liters of jet fuel were seized on their way to a gas station, whose owner apparently ignored safety...
Hung Yen authorities suspect it was stolen from a local depot belonging to the Military Petroleum Corporation
The state-owned Vietnam National Petroleum Group (Petrolimex) has signed a memorandum of understanding with Japan's top oil refinery group JX...
Some owners have to pay nearly $9,000 to have their car fixed as tests on the gasoline in question...