Business

PetroVietnam’s State budget contribution surpasses yearly plan by 21 percent

The Vietnam Oil and Gas Group (PetroVietnam) contributed 75.4 trillion VND (3.32 billion USD) to the State budget in the first 10 months of this year, up 23 percent from the same period last year and 21 percent higher than the yearly plan.
PetroVietnam’s State budget contribution surpasses yearly plan by 21 percent ảnh 1Vietnam exploits oil and gas at offshore Bach Ho field. (Photo: VNA)
Hanoi (VNA) – The Vietnam Oil and Gas Group(PetroVietnam) contributed 75.4 trillion VND (3.32 billion USD) to theState budget in the first 10 months of this year, up 23 percent from the sameperiod last year and 21 percent higher than the yearly plan.

During the period, the State-owned corporation exploited9.09 million tonnes of crude oil, surpassing the yearly target by 12.4 percent.It has cut 2.39 trillion VND in costs, equivalent to 80 percent of this year’splan.

The firm has so far donated 784.8 billion VND to help thecountry fight COVID-19, of which 554.9 billion VND went to theCOVID-19 vaccine fund.

PetroVietnam has been focusing on developing oilfieldsBK-18A and BK-19 which are expected to be put into operation over the next fewdays. It has also been working around clock to soon launch Song Hau 1 and ThaiBinh 2 thermal power plants, with turbine No.1 of the Song Hau 1 scheduledto be operational this month./.
VNA
#Vietnam Oil and Gas Group#PetroVietnam#State budget contribution#10 months of 2021#crude oil#Vietnam#Vietnam News#Vietnam Plus#Vietnam News Agency
Follow VietnamPlus

Related News

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.