Three institutional investors secure 40 per cent stake in PG Bank

Three institutional investors secure 40 per cent stake in PG Bank

A trio of institutional investors have acquired a combined 40 per cent stake in PG Bank, marking a notable change in its shareholding structure.
Petrolimex readjusts profits to 10 per cent of plan

Petrolimex readjusts profits to 10 per cent of plan

Petrolimex, the petroleum distributor for the domestic retail market, has adjusted its profit target to one-tenth of its original forecasts.
Inspections planned at petroleum distributors and refineries

Inspections planned at petroleum distributors and refineries

On October 13, the Government Inspectorate of Vietnam established a delegation to inspect 15 key petroleum and gasoline trading facilities and two oil refineries
Petrolimex to divest 40 per cent stake from PG Bank this quarter

Petrolimex to divest 40 per cent stake from PG Bank this quarter

Vietnam fuel distributor Petrolimex has officially received the State Bank of Vietnam’s approval to divest a 40 per cent stake in PG Bank.
Petrolimex rolls out Visa contactless payments at petrol stations across Vietnam

Petrolimex rolls out Visa contactless payments at petrol stations across Vietnam

Visa and Vietnam National Petroleum Group (Petrolimex) announced the rollout of Visa contactless payments at its petrol stations across the country on May 31.
Market rebounds on energy stocks

Market rebounds on energy stocks

The market inched higher on Tuesday morning on strong gains of oil, gas and coal stocks.
Japanese giant ENEOS Corporation continues to buy stakes of PLX

Japanese giant ENEOS Corporation continues to buy stakes of PLX

ENEOS Corporation has just registered to buy 25 million shares of Viet Nam National Petroleum Group (Petrolimex, PLX). The deal is conducted through order matching on the stock exchange between May 14 and June 22.
Big names like Petrolimex and Yeah1 listed as non-marginable securities

Big names like Petrolimex and Yeah1 listed as non-marginable securities

The HSX has just announced Petrolimex (HSX: PLX) being named on the list of securities that are not eligible for margin trading, or non-marginable.
Japanese giant ENEOS Corporation registers to buy 13 million shares of Petrolimex

Japanese giant ENEOS Corporation registers to buy 13 million shares of Petrolimex

Japanese giant ENEOS Corporation registered to buy 13 million shares of Petrolimex.
Petrolimex plans to sell 13 million treasury stocks

Petrolimex plans to sell 13 million treasury stocks

Local oil and gas giant Petrolimex once again issued plans to sell millions of treasury stocks due to the impacts of the COVID-19 lockdown.
Foreign firms to gain greater footing in petrol retail market

Foreign firms to gain greater footing in petrol retail market

New policies are in the making to allow foreign firms to gain greater footing in Vietnam's petrol retail market, according to the Ministry of Industry and Trade (MoIT).
Meeting ambitious divestment targets

Meeting ambitious divestment targets

Despite the government’s effort to accelerate state capital divestments and state-owned enterprise equitisation in the second half of the year..
Petrolimex pockets hefty first-quarter loss as oil takes a plunge

Petrolimex pockets hefty first-quarter loss as oil takes a plunge

The global price of oil going into a nosedive has sent the profit of Petrolimex into a free fall in the first quarter of this year.
Numerous SOEs under special financial supervision

Numerous SOEs under special financial supervision

Subsidiaries of SOEs like Jetstar Pacific, Angkor Air, DAP-Vinachem, and Petrolimex Laos will come under special financial supervision.
Revenues plummet amid global health emergency

Revenues plummet amid global health emergency

Unprecedented public health challenges have crimped a hefty sum of profits of both foreign-invested enterprises and domestic counterparts. 
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