Retail prices went up between 5 and 7 percent on Friday
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...
It is on the verge of 'running out of money' by the end of April
Average crude prices declined 35.4 percent year on year to $32.4 per barrel last month
The sale is expected fetch $20.83 million
The group plans to cut output to 16.03 million tons of oil this year, compared to 18.74 million...
The mega project was first announced in 2013 and has seen quite a few hiccups since