Trading of shares of the PetroVietnam Oil Corporation (PV Oil), Vietnam's second largest petrol distributor, officially started on the Unlisted Public Company Market (UpCOM) on the morning of March 7, more than one month after its initial public offering (IPO).
PV Oil's petrol warehouse in Ho Chi Minh City's Nha Be district (Source: VNA)
Hanoi (VNA) – Trading of shares of the PetroVietnam Oil Corporation(PV Oil), Vietnam's second largest petrol distributor, officially started onthe Unlisted Public Company Market (UpCOM) on the morning of March 7, more thanone month after its initial public offering (IPO).
PV Oil floated 200.4 million shares on the UpCOM at aninitial price of 20,200 VND (0.89 USD) a piece.
PV Oil’s IPO on January 25 was a success with all its nearly207 million shares on offer sold at an average price of 20,196 VND, compared tothe asking price of 13,400 VND.
The company will sell more than 462 million shares, or 44.72percent of its charter capital, to strategic investors. Under PV Oil’s approvedequitisation plan, it will have charter capital of 10.342 trillion VND (455 million USD)
PV Oil currently operates 540 petrol stations across thecountry. It is among the country’s top oil products retailers with a 22 percentmarket share.
In 2017, PV Oil reported a consolidated revenue of 56trillion VND (2.46 billion USD) with a pre-tax profit of 405 billion VND(178.02 million USD).
This year, the firm expects to earn 41 trillion VND (1.8billion USD) in revenue and 340 billion VND (149.45 million USD) in pre-taxprofit.
PV Oil is the third large-scale firm listing on the UpCOMthis March, following Binh Son Refining and Petrochemical Company Limited(BSR), which was listed on March 1, and PetroVietnam Power Corporation (PVPower) listed on March 6.-VNA
SOEs will make initial public offerings (IPOs) in March, floating 2.5 trillion VND (110 million USD) worth of stakes in the market in the second wave of SOEs IPOs in 2018.
Following the successful IPO in January, PetroVietnam Power Corporation (PV Power) started trading its shares on the Unlisted Public Company Market (UPCoM) on March 6.
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.
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.
PV Oil's petrol warehouse in Ho Chi Minh City's Nha Be district (Source: VNA) 
