Zarubezhneft, Gazpromneft seek opportunities from 1st Vietnam oil refinery
Two Russian companies, Zarubezhneft and Gazpromneft, have sent their working missions to Petrovietnam-owned Dung Quat Oil Refinery to explore investment cooperation opportunities.
The three-day visit at the end of June came while Binh Son Refining and Petrochemical JSC (BSR), which manages and operates the $3 billion oil refinery, is planning an upgrade and expansion project for the major facility in the central province of Quang Ngai.

Dung Quat Oil Refinery in Quang Ngai province, central Vietnam. Photo courtesy of Binh Son Refining and Petrochemical JSC.
The two major Russian oil companies and BSR, a subsidiary of the state-run Petrovietnam, discussed cooperation possibilities in the upgrade and expansion project.
The Dung Quat facility was inaugurated in 2009 as Vietnam’s first oil refinery. Its current refining capacity is 6.5 million tons per year, or 148,000 barrels of crude oil a day, with all products meeting Euro 5 standards. Project upgrading is expected to increase capacity to 7.6 million tons per year, equivalent to 171,000 barrels of crude oil a day.
Zarubezhneft is a state-controlled oil and gas company specializing in the exploration, development, and operation of oil and gas fields outside Russia. In Vietnam, Zarubezhneft has cooperation projects with joint ventures Vietsovpetro and Rusvietpetro.
Meanwhile, Gazpromneft - a Gazprom Group subsidiary - is intensifying cooperation with Petrovietnam in oil and gas exploration and refining.
- Read More
Brazil’s leading food group JBS eyes turning Vietnam into global production hub
JBS, the world’s leading food processing company, is looking to transform Vietnam into a global and regional distribution and production center.
Industries - Wed, July 9, 2025 | 9:51 am GMT+7
Brazilian-backed payment solutions firm Alterosa MK plans expansion in Vietnam
Alterosa MK, a joint venture between Brazil’s Alterosa Group and MK Group of Vietnam, said it expects to receive more support from the two governments for investment expansion.
Finance - Wed, July 9, 2025 | 9:00 am GMT+7
USD price may reach VND26,400 in Q3, VND26,200 in Q4: UOB
Singaporean bank UOB's updated USD/VND projections are 26,400 in Q3/2025, 26,200 in Q4/2025, 26,000 in Q1/2026, and 25,800 in Q2/2026.
Economy - Wed, July 9, 2025 | 8:41 am GMT+7
Vietnam's stock market moving toward sustainability, professionalism: exec
The quality of investors in Vietnam has significantly improved as more and more investors start to adopt asset management strategies and disciplined investing, instead of merely engaging in short-term trading, said Nguyen Hoang Yen, chairwoman of Mirae Asset Securities.
Finance - Tue, July 8, 2025 | 11:40 pm GMT+7
Vietnam's credit growth hits record high since 2023
Vietnam’s total credit outstanding surpassed VND17.2 quadrillion (about $658.31 billion) in the first half of 2025, marking a 9.9% increase from the end of 2024 and a 19.3% rise year-on-year, the highest growth rate since 2023.
Banking - Tue, July 8, 2025 | 11:26 pm GMT+7
Foreign investors net buy for fifth consecutive session
Foreign investors' transactions on the Ho Chi Minh Stock Exchange (HoSE) continued to be a highlight as they net bought for the fifth consecutive session on Tuesday, to the tune of over VND7,679 billion ($293.88 million).
Finance - Tue, July 8, 2025 | 6:08 pm GMT+7
Northern Vietnam province opens bid for $2 bln tourism-casino complex project
Quang Ninh, a coastal province in northern Vietnam, is seeking investors for a large-scale tourism and casino complex valued at VND51.5 trillion ($2 billion) in its strategic Van Don Economic Zone.
Real Estate - Tue, July 8, 2025 | 4:37 pm GMT+7
The Investor to hold seminar on raising investor awareness towards stock market status upgrade
The Investor and its Vietnamese-language sister Nhadautu.vn will host a seminar titled “Raising investor awareness towards stock market status upgrade” in Hanoi on July 17.
Finance - Tue, July 8, 2025 | 4:02 pm GMT+7
Many uncertainties over exchange rates: Vietnam's central bank
There are many "unknowns" with monetary policy and exchange rates in the coming time, said Pham Chi Quang, director of the State Bank of Vietnam's (SBV) monetary policy department.
Banking - Tue, July 8, 2025 | 3:53 pm GMT+7
World's largest iron ore, nickel producer wants to expand business in Vietnam
Prime Minister Pham Minh Chinh has asked Vale Group, a multinational Brazilian corporation in the fields of metals, mining, and logistics, expand business in Vietnam.
Industries - Tue, July 8, 2025 | 1:52 pm GMT+7
Vietjet appoints new managing director
Vietjet Aviation Joint Stock Company (HOSE: VJC) has appointed Nguyen Thanh Son as its new managing director, succeeding Dinh Viet Phuong.
Companies - Tue, July 8, 2025 | 8:10 am GMT+7
First turbine rotor installed at expanded Hoa Binh hydropower plant in northern Vietnam
The rotor of the first turbine at the expanded Hoa Binh Hydropower Plant project was successfully installed on Sunday in Phu Tho province, formerly Hoa Binh province, northern Vietnam.
Companies - Tue, July 8, 2025 | 8:07 am GMT+7
Singapore heavily penalizes nine financial institutions for money laundering
The Monetary Authority of Singapore (MAS) has fined nine financial institutions SGD27.45 million ($21.55 million) for breaches related to the 2023 money laundering case involving more than SGD3 billion in assets.
Southeast Asia - Tue, July 8, 2025 | 7:58 am GMT+7
Foreign cash flows push VN-Index past 3-year peak
With positive sentiment from both domestic and foreign investors, VN-Index on Monday surpassed the 1,400 mark after more than three years. The last time the benchmark index reached this level was on April 19, 2022.
Finance - Tue, July 8, 2025 | 7:28 am GMT+7
Japan's Granja Fujikura eyes developing large-scale, high-tech agriculture in Vietnam
Granja Fujikura Group wishes to receive favorable conditions in Vietnam to develop large-scale, high-tech agriculture.
Economy - Mon, July 7, 2025 | 11:22 pm GMT+7
Vietnam's Maritime Bank plans 20% stock dividend payout
Vietnam Maritime Commercial Joint Stock Bank (MSB) plans to issue up to 520 million shares as stock dividends, equivalent to 20% of its outstanding shares at the record date.
Banking - Mon, July 7, 2025 | 5:30 pm GMT+7