The Vietnam National Petrolimex Group (Petrolimex) has sold 14.4 million shares at 750 billion VND (32.9 million USD) to foreign investors since the group listed its shares coded PLX on April 21.
Hanoi (VNA) – The Vietnam NationalPetrolimex Group (Petrolimex) has sold 14.4 million shares at 750 billion VND (32.9million USD) to foreign investors since the group listed its shares coded PLXon the Ho Chi Minh Stock Exchange (HoSE) on April 21.
Statistics from the HoSE showed that foreign investors splashed out 178 billionVND (7.8 million USD) on purchasing nearly 2.94 million PLX shares during May22-26.
Petrolimex’s foreign ownership capped at 9.31 percent by May 28. Last year, theJapanese JX Nippon Oil &Energy (JXEV) bought 103.5 million stocks, or 8percent of the group’s shares, at 39,000 VND per share.
The group’s market capitalisation value tops 78.4 trillion VND (3.4 billion USD),helping the enterprises surpass Vietinbank, BIDV and ROS to enter the club of fivelargest companies on the HoSE with high capitalisation value.
Last week, Petrolimex announced that it had sold 20 million registered sharesat five times higher than the share’s par value. The move is an opportunity forthe company to step into VN30, top 30 largest firms in terms of capitalisationand equity.
With a large distribution system of 2,400 stores and franchised agentsaccounting for 50 percent of Vietnam’s petrol market share coupled with robustbusiness results in the first quarter of this year, PLX will continue to be anattractive code to foreign investors.
Equitised in 2011, Petrolimex has seen turnover growth in its business ofpetrol, transport, gas and oil. In 2016, the largest fuel importer anddistributor of Vietnam achieved a revenue of 123.1 trillion VND (5.42 billionUSD). Its post-tax profit in the year was 5.1 trillion VND (224.5 million USD),50 percent higher than 2015. Profit on each share reached 4,254 VND, just afterVinamilk and Sabeco.-VNA
The Vietnam National Petroleum Group will officially list 1,293,878,081 shares coded PLX at an initial price of 43,200 VND (1.90 USD) per share, according to the Ho Chi Minh Stock Exchange.
The State Securities Commission (SSC) has endorsed the ceiling foreign ownership level at the Petrolimex at 20 percent as approved by Prime Minister Nguyen Xuan Phuc last year.
The Vietnam National Petroleum Group (Petrolimex) began trading on the Ho Chi Minh Stock Exchange (HoSE) on April 21 with shares, coded PLX, starting at 43,200 VND (1.9 USD).
Japan’s Tasuno company will extend the agreement on technical cooperation and technology transfer signed with the Vietnam National Petroleum Group (Petrolimex) in August 1999, said Petrolimex.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Illustrative image (Source: petrolimex.com.vn) 
