Le Viêt Nam, aujourd'hui

Vietnam has intensified the research on gas hydrate on its waters and continental shelf, a step in its strategy to explore the reserves and choose the technologies for the exploitation of the new type of energy for its socio-economic development and its rights protection in the East Sea.

Vietnam Air Petrol Company (Vinapco), a subsidiary of Vietnam Airlines, has been prosecuted for smuggling and tax evasion worth billions of dong.

HANOI—Vietnam will force state-owned PetroVietnam Oil & Gas to shed money-losing, noncore operations including banking and construction, a major attempt to restructure a sprawling company that has funded a quarter of the government's budget in recent years.

Vietnam is protesting plans by a Chinese oil company to take bids on developing energy deposits in the contested South China Sea, in a fresh sign that territorial disputes in the region may rise as Beijing, Hanoi and other regional claimants push ahead with development plans.

The Ministry of Finance has decided to impose a 4 percent tariff on imported petrol products after maintaining a zero tariff for 11 months to stabilize prices.

Russia's state-owned gas giant Gazprom and PetroVietnam are looking into further upstream cooperation in Vietnam, Russia and other countries, Gazprom said in a statement late Thursday.

Vietnam cut diesel and kerosene prices by as much as 1.9 percent as it strives to tame Asia's fastest inflation.

Vietnamese consumers and fuel dealers are anticipating a retail price cut and a commission hike since global oil prices are declining.

NEW DELHI - India today dismissed Chinese objections over its oil exploration projects in two Vietnamese blocks in the South China Sea, saying its cooperation with Vietnam was as per international laws and it would like the cooperation to grow.

After appearing to make progress in cooling tensions over the South China Sea in recent weeks, Southeast Asia and China face the potential for more trouble ahead as oil and gas companies expand their exploration work in the contested waters.

Vietsovpetro has found oil in Mioxen layer in the northeastern part of Bach Ho oilfield offshore southern Vietnam, said its Geological deputy general director Tran Hoi.

Vietnam has enough supply of fuels, Nguyen Cam Tu, deputy minister of Industry and Trade, told local media after checking on petrol and oil stocks in Hanoi.

Vietnam sold nearly 6.7 million tonnes of crude oil in the first ten months of this year, down 44.3 percent from the same period last year, according to the Vietnam' s General Statistical Office on Monday.

HANOI, - Petrovietnam Gas has signed a deal with Chevron Corp , Japan's Mitsui Oil Exploration Co and Thailand's PTT Exploration and Production PTTE.BK to build a $1 billion gas pipeline in southern Vietnam.

Petroleos de Venezuela SA pulled out as a joint-venture partner to help Vietnam’s state oil company build a third refinery, said Phung Dinh Thuc, chief executive officer of Vietnam Oil & Gas Group.