Hanoi (VNS/VNA)ไ – Vietnam Oil & Gas Group (PetroVietnam) will headthe ASEAN Council on Petroleum (ASCOPE) secretariat for the first time.
The group will be the secretariat of the council fromnow until 2024 after the position was handed over from Thai oil and gascompany PTT at a council meeting on November 29 inHanoi. “It is a milestone for Vietnam sinceit joined the council in 1996," Tran HongNam, member of the board of Directors, PetroVietnam Exploration ProductionCorporation (PVEP), told Viet Nam News, the English languagedaily of the Vietnam News Agency. “It is a good opportunity for Vietnam tobenefit from the council thanks to its network of experienced oil and gasenterprises in the region," said Nam, who will serve as the council'ssecretary-in-charge. Nam said Vietnam could learnthe experience from both the well developed countries with oil and gas industryand the newcomers in the field. “There are both challenges and opportunities for theindustry in ASEAN, which consumes and produces a large amount of oil and gasproducts, in the context of growing complicated climate change and thetechnology era," he added. Hosted by PetroVietnam in the capital, the 45thCouncil Meeting is taking place in Hanoi from November 27 to December 1 with the theme 'Regional Cooperation forSustainable Development'. At the meeting, participants discussed the plan of thesubcommittee in promoting the use of liquefied natural gas (LNG), updated eachother on oil and gas projects in recent years, and shared experience ondeveloping LNG markets, among others. Established in 1975, ASCOPE aims to promotecollaboration in the development of the petroleum resources in the regionthrough joint endeavours. It consists of national petroleum companies/nationalentities responsible for oil and gas in the 10 ASEAN member countries./.
Reporting 50.6 trillion VND (2.17 billion USD) in before-tax profit in 2018, the Vietnam Oil and Gas Group (PetroVietnam) has become the most profitable corporation in the country.
The state-owned oil and gas group PetroVietnam (PVN) and its member company, PetroVietnam Gas Corporation (PV Gas) started construction on a liquefied natural gas (LNG) warehouse at Thi Vai Terminal in the southern province of Ba Ria – Vung Tau on October 28.
The Vietnam Oil and Gas Group (PetroVietnam) has exceeded its set yearly targets in terms of revenue, profit and state budget contribution two months before the year-end.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
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.
PetroVietnam's Dai Hung platform (Photo: pvn.vn) 
