BSR leader directing the operation of the Dung Quat Oil Refinery PlantBSR - Highlight of IPO Mr. Tran Sy Thanh, 12th PCC member and Chairman of the Board of Members of PetroVietnam, said the biggest success of BSR, PV Oil and PV Pover is the conversion into joint stock companies (JSC) that is considered an opportunity to restructure and tighten the organization to make the group stronger and more professional. BSR always has highlighted optimization work and scientific research, contributing to cost savings for production activities. In the first 7 months of the year, the saving value of the company is VND563.78 billion, exceeding 16.8% of the assigned value (VND482.64 billion). In addition, it researched and applied technical solutions to increase the capacity of the Dung Quat Oil Refinery Plant to 118%. The main targets set for the 2018-2022 period include: safe, stable and effective production towards sustainability; basically completing the research and expansion of the Dung Quat … [Read more...] about IPO of Dung Quat Oil Refinery: New momentum for oil and gas sector
Oil gas mix
Shares mixed as oil, banks slump
Investors on VNDirect Securities Co’s trading floor. The market saw the rotation of blue chips with banking, brokerage and petroleum stocks declining after surging in the previous few sessions. — VNA/VNS Photo Pham Hau Shares moved in opposite directions on the two national stock exchanges yesterday as financial and energy stocks reversed recent gains. On the HCM Stock Exchange, the VN-Index inched up 0.02 per cent to close yesterday’s trade at 978.27 points. The northern market index rose one per cent on Monday. On the Ha Noi Stock Exchange, the HNX-Index slipped 0.61 per cent to end at 109.79 points after rising nearly two per cent in the previous session. The market saw the rotation of the blue chips with the banking, brokerage and petroleum stocks declining after surging in the previous few sessions. The attention shifted to shares with high market prices such as Vinamilk (VNM), Vingroup (VIC), Vinhomes (VHM), Masan Group (MSN), Mobile World Group (MWG), Vietjet … [Read more...] about Shares mixed as oil, banks slump
Large-cap, oil & gas stocks boost VN-Index
An investor views share prices on electronic boards at Tan Viet Securities Company (Photo: VNA) Hanoi (VNA) – VN-Index rose sharply on May 14, driven by large-cap stocks and oil & gas shares, despite low liquidity and foreign investors’ continued net selling. On the Ho Chi Minh Stock Exchange (HOSE), VN-Index increased by 22.13 points to 1,066.98 points when 171 codes saw price hikes, 122 codes experienced declines and 45 others stayed unchanged. HNX Index on the Hanoi Stock Exchange (HNX) inched up 0.51 point to 123.28 points with 95 codes rising, 72 others falling and the remaining 50 unchanged. In the VN30 basket, measuring the 30 largest stocks by market capitalisation on the HOSE, up to 25 stocks witnessed price increases while only two stocks dropped. [Net sells by foreign investors not a worry: analysts] Oil and gas shares fluctuated in line with global oil prices in the beginning of the week when such stocks as PLX, BSR, POW, PVB, PVS, PVC and PVD ended in … [Read more...] about Large-cap, oil & gas stocks boost VN-Index
Foodwise: Cellophane noodles are great for New Year
VietNamNet Bridge – As Tet approaches, a group of gourmets from Hanoi is visiting the northern province of Cao Bang to seek the best mien dong (canna vermicelli) to make cellophane noodles. The rhizomes of the plant are full of starch.“Every year we travel to Nguyen Binh’s Phia Den Village to buy the Cao Bang specialty," said housewife Nguyen Thi Huan from Hanoi’s Dong Da District. “I’ve tried many sorts of mien from the country’s three regions, but the organic product from Phia Den is the most tasty. It has a sweet flavour and is soft but crispy and firm when cooked.”Phia Den Villager Nong Thi Mung, 68, said: “God has given us a cool and temperate climate year round and fertile land suitable for planting maize, cassava and particularly cu dong rieng do (red edible canna) which has the most aromatic flavour.”First, the noodle makers have to choose big and mature dong rieng roots, then clean them and grind them until they … [Read more...] about Foodwise: Cellophane noodles are great for New Year
GAS pushes VN-Index down
GAS pushes VN-Index downKim Ngan By Kim Ngan - The Saigon Times Daily HCMC – The VN-Index on September 3 slid 8.01 points, or 1.42%, to end at 554.3 points as the continued selloff hit heavyweight GAS on tumbling oil prices on world markets. Viet Capital Securities Company said ICE Brent futures have fallen by 7% to US$51 per barrel. At home, GAS shed 3.9% at VND45,700 per share and took away two points from the index of the HCMC bourse. Other petroleum tocks like PVD, PVT and PXS fell by 2.5-3.7% each, worsening the market downtrend. Negative investor sentiment delivered a blow to large caps such as VIC, VCB, MSN and HPG. Just three of the tickers in the VN30 basket gained. Securities stocks edged lower after a few sessions of gains. HCM and SSI lost nearly 5% each. SSI received permission for 100% foreign ownership from September 1 while HCM is still dealing with procedures for foreign ownership expansion. Bank stocks closed mixed as CTG, and EIB gained while MBB, STB, BID and … [Read more...] about GAS pushes VN-Index down
Essential Foods for Tet holidays
(Cinet)- Food plays a major role in the Lunar New Year celebration. Some traditional dishes served on this event are square sticky-rice cake, boiled chicken, sausage, and different kinds of Tet jams, ect. Banh Chung ( Square sticky-rice cake): Square sticky-rice cake is unique to Vietnam's Tet holiday. Banh Chung is a food made from glutinous rice, mung bean and pork, added with many other ingredients. Banh Chung is covered by green leaves (usually banana leaves) and symbolizes the Earth, invented by the prince Lang Lieu from Hung King dynasty. Besides traditional reason, Banh Chung is chosen as the main food for Tet holiday because of it can last long for days in the severe weather of Vietnam (Banh Chung can survive at room temperature for nearly 1 month). Vietnamese sausage: Vietnamese sausage is another traditional food in Tet holiday, and usually served with Xoi (sticky rice) and Banh Chung. Gio is … [Read more...] about Essential Foods for Tet holidays
E5 RON92 bio-fuel officially sold nationwide Most Recent News
NDO/VNA – The Vietnam National Petroleum Corporation (Petrolimex) and PetroVietnam Oil Corporation (PVOil) on December 15 officially supplied E5 RON92 bio-fuel for sale nationwide to replace RON 92 petrol, 15 days before a Government deadline. Petrolimex said the firm has operated E5 fuel mixers at repositories in Hanoi, Hai Phong, Da Nang, Ho Chi Minh City and Can Tho to prepare for the move. In 2018, the company will invest in two more mixers in Binh Dinh and Nghe An, lifting its total capacity to 1.8 million cu.m per year. PVOil General Director Cao Hoai Duong said the company has upgraded and expanded its storage system and operates 11 mixing stations nationwide. According to a statement released by the Government, the ban of RON 92 grade is in line with the Government’s effort to boost consumption of environmentally friendly E5. The shift will also help ensure energy security, reduce dependence on fossil fuels and implement commitments made by the Vietnamese Government … [Read more...] about E5 RON92 bio-fuel officially sold nationwide Most Recent News
Shares open higher on both exchanges
Shares opened higher on the two stock exchanges and maintained the upward trend towards the end of Monday’s morning trade. The VN-Index on the HCM Stock Exchange increased 1.7 per cent to 951.12 points, while on the Ha Noi Stock Exchange, the HNX-Index edged up 1.3 per cent to 113.05 points. Large caps improved and lifted the two markets. Twenty four of the top 30 largest shares by market value and liquidity on HCM City’s bourse gained value and only four declined. Energy stocks led the market gain with most large oil and gas shares growing substantially, including PV Gas (GAS), up 6.7 per cent; PetroVietnam Technical Services (PVS), up 5.7 per cent; PetroVietnam Southern Gas (PGS), up 5.3 per cent; and PetroVietnam Drilling and Well Services (PVD), up 2.3 per cent. Banks were mixed. The two largest lenders, Vietcombank (VCB) and Vietinbank (CTG), increased 3.7 per cent and 2.3 per cent, respectively, however BIDV (BID) remained unchanged and Vietnam International Bank … [Read more...] about Shares open higher on both exchanges
Official nationwide sale of E5 RON92 biofuel begins
The Viet Nam National Petroleum Corporation (Petrolimex) and PetroVietnam Oil Corporation (PVOil) on Friday officially began the supply of E5 RON92 bio-fuel for sale nationwide.The biofuel will replace RON 92 petrol, 15 days before the Government’s stipulated deadline. Petrolimex said the firm has operated E5 fuel mixers at repositories in Ha Noi, Hai Phong, Da Nang, HCM City and Can Tho to prepare for the move.In 2018, the company will invest in two more mixers in Binh Dinh and Nghe An, lifting its total capacity to 1.8million cu.m per year.PVOil General Director, Cao Hoai Duong, said the company had upgraded and expanded its storage system and operated 11 mixing stations nationwide. According to a statement released by the Government, the ban on RON 92 grade was in line with its effort to boost the consumption of the environmentally friendly E5.The shift will also help ensure energy security, reduce dependence on fossil fuels and implement commitments made by the Vietnamese … [Read more...] about Official nationwide sale of E5 RON92 biofuel begins
Breakfast @ Tuoi Tre News – December 10
Have a nice Sunday! Society-- Vietnamese police on Saturday arrested and launched legal proceedings against Dinh Manh Thang, former chair of Petro Song Da JSC Co., to serve an investigation into a serious economic case. His elder brother, Dinh La Thang, had also been apprehended and investigated for his role in the losses of US$35.24 million in state-run oil and gas giant PetroVietnam’s investment in OceanBank.-- The People’s Council of the south-central Khanh Hoa Province has approved a proposal put forward by the provincial People’s Committee to prospect for and exploit mineral ores on a total area of 7,800 hectares. -- Police in the southernmost province of Ca Mau have confirmed they had arrested a 52-year-old male suspect for attacking the owner of a shrimp farm in Phu Tan District and leaving him to drown after trying to steal the aquatic products. -- Huynh Duc Tho, deputy secretary of the central Da Nang City’s Party Committee and chairman of … [Read more...] about Breakfast @ Tuoi Tre News – December 10