A rig on the Su Tu Trang (White Lion) oil and gas field (Photo: pvn.vn)
Hanoi (VNA) – The Vietnam Oiland Gas Group (PetroVietnam) continued to top the Profit500 list, which names the 500 most profitableenterprises in Vietnam, in 2020.
This is the third year that the group hastaken the leading position among the top 500 enterprises.
The list, announced by the Vietnam Report JSC and online newspaper Vietnamnet, also contains manyenterprises in the oil and gas sector, such as PV Gas (7th place), Vietsovpetro, PV Powers, PetroVietnamTechnical Services Corporation (PTSC), PetroVietnam Drilling & Well Service Corporation (PVDrilling), Ca Mau Fertiliser Plant (PVCFC), to name just a few.
VietnamReport said this year the ROA (Return on Assets) of companies on the listaveraged 11.4 percent, slightly down from the 11.9 percent recorded last year.However, the ROE (Return on Equity) ratio improved to 21.7 percent from 20.9percent in 2019.
ౠ It also took noteof changes in top priority strategies of enterprises from now to the end ofyear, with 71.7 percent of them paying attention to sales, 58.3 percent focusingon seeking new markets and expanding existing ones, 49.2 percent looking toresearching and developing new products and 42.6 percent planning to cut costs./.
The PetroVietnam Drilling & Well Service Corporation (PV Drilling)’s rig PV Drilling III will implement its contract to drill five new wells for Kris Energy in Cambodia for three months, starting October.
The Vietnam Oil and Gas Group (PetroVietnam) on September 1 reported an oil equivalent output of 7.76 million tonnes in the first eight months of this year, 8.2 percent higher than the set target.
Throughout its 45-year history of operation, the Vietnam Oil and Gas Group (PetroVietnam) has faced numerous difficulties and challenges, but with the trust and support of the Party and State, the group has weathered all storms to fulfill its mission and contribute greatly to national socio-economic development.
The PetroVietnam Exploration Production Corporation (PVEP) extracted 2.6 million tonnes of oil equivalent in the first eight months of this year, surpassing the target by 2 percent and equivalent to 68 percent of the yearly plan.
Deputy Prime Minister Truong Hoa Binh has urged the Vietnam Oil and Gas Group (PetroVietnam) to enhance its capacity in petroleum exploration and exploitation to develop the marine economy in the new context.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
A rig on the Su Tu Trang (White Lion) oil and gas field (Photo: pvn.vn) 
