Hanoi (VNA) - The PetroVietnam Gas Corporation (PV Gas), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), reported nearly 27.6 trillion VND (1.18 billion USD) in revenue between January and May, more than 6 percent higher than its target for the period. Pre-tax profit stood at over 4.5 trillion VND, exceeding the target by 34 percent. It also contributed close to 2 trillion VND to the State budget, 62 percent higher than expected. According to PV Gas General Director Duong Manh Son, its operations were impacted by the COVID-19 pandemic triggering a fall in oil prices. PV Gas has made every effort to sustain its business, reduce inventory, and clear several construction hurdles, he said. As such, the company produced and distributed nearly 3.8 billion cubic metres of gas in the first five months of this year, meeting its target. Production and distribution of LPG and condensate stood at 720,000 and 26,000 tonnes, respectively, 41 and 10 percent higher than targeted./. … [Read more...] about PV Gas’s Jan-May revenue surpasses goal despite pandemic
Uncanny valley where to meet eve
Budget collection in 2018 exceeded the estimate, budget spending was closely managed, budget overspending and public debt sharply decreased, thus helping to consolidate the national finance and strengthen the country’s capacity in coping with impacts from outside such as the COVID-19 pandemic, he said. … [Read more...] about Finance Minister clarifies socio-economic, budget issues
The age of the Fourth Industrial Revolution is requiring the press and media to develop faster. Press and media agencies have both opportunities and challenges. On one hand, the sector has a good opportunity to apply scientific and technological advances to become a revolutionary, professional and modern force. On the other hand, it has to compete with various information flows, particularly those on social networks. … [Read more...] about Vietnam’s press and media playing a key role in ideological and cultural front
For those who are in the priority list by the Ministry of Foreign Affairs should receive privilege in entry procedures and the criteria for selection must be transparent, the Government Office noted, citing orientations of the PM. … [Read more...] about Vietnam plans to repatriate 14,000 more citizens
Under the resolution, the country will aim to attract foreign investment in a selective manner, focusing on quality, efficiency, technology and environmental protection. Priority will be given to foreign direct investment (FDI) projects that use advanced technology and modern management with high added value, bringing spillover effects to Vietnamese enterprises, especially small and medium-sized enterprises; and the projects must be able to connect to the global production and supply chain. … [Read more...] about Can Viet Nam could take advantage of new foreign investment strategies?