It will secure a stake of around 10-20 percent while PetroVietnam Gas will hold a majority state in the joint...

  Gas-fired power plants using Nam Con Son gas account for 40 percent of the electricity capacity in the southern...

Retail prices went up between 5 and 7 percent on Friday

They managed to cheat numerous customers for nearly two years by using electronic chips to rig the meters

The companies are developing Vietnam's second refinery with PetroVietnam

It wants to double its assets to around $5 billion over the next five years

The country's sole refinery has been struggling to compete with cheap imports of oil products

Petrolimex reportedly sold 10 percent stake to Japan's JX

PV Oil expects a continued downturn this year due to oil shock

It claimed cheap imports have driven its refinery to the edge of shutdown

Earnings from crude exports dropped by nearly 57 percent The state budget is now heavily depending on tax collections at...

The oil and gas group threatens a shutdown, saying cheap imports are killing the country's first refinery

Company claims lower input costs will help the country's sole refinery Dung Quat survive amid a flood of cheap...

The move comes after the finance ministry ordered transport firms to take into account cheaper fuel costs  

It is on the verge of 'running out of money' by the end of April