News

Petrovietnam basically fulfills targets of the first 6 months

PET – ALE has performed successful load out of Diamond topside

On 15th April at PVCMS yard Vung Tau, PETROSETCO – Ale Heavy transportation and lifting join stock Comapany, to be under PetroVietnam General Services Join Stock Corporation ( PETROSETCO ) has performed succesfull load out of Diamond Topside 1.900 te weigh. The Project’s Investor is Petronas.

PSMT has signed a contract to sell two hotels in Quang Ngai

On March 4th 2014, Mien Trung Petroleum  Services & Trading Joint Stock Company (PSMT) – a subsidiary of PETROSETCO in which PETROSETCO holds 90% stakes – has signed a contract to sell Petro Song Tra and Petro Tower hotels in Quang Ngai city with value of VND 100 billions.

East-West Economic Corridor hits roadblocks

Red tape and inconsistent trade and immigration policies are hindering the development of the East-West Economic Corridor, a 1,450km highway linking 19 provinces in Viet Nam, Laos, Thailand and Myanmar, says the former director of the Institute of World Economics and Politics, Luu Ngoc Trinh.

Ba Ria-Vung Tau raises the maritime bar

Ba Ria-Vung Tau is muscling up investment into supporting industries, seaports and logistics development.
 
Promoting investment has benefitted the province's international economic integration and attracted foreign direct investment, with support from provincial management and businesses setting up shop in the province.