China pressurises Vietnam to cancel, compensate offshore firms operating in South China Sea
Amid the growing Chinese movement in the South China Sea, Vietnam has agreed to pay around a billion dollars to two international companies after cancelling their drill operations following pressure from Beijing, The Diplomat reported.
Vietnam set to slash sweet crude exports as low prices hurt output and sales
PetroVietnam to cut crude output by at least 19% in 2020. Vietnam may offer less Dai Hung, Chim Sao, Bach Ho in spot market. Low crude prices present opportunity to build reserves at low cost
Dwindling oil prices a double-edged sword for Vietnam’s economy
Oil logged its worst week since 2008 after the oil price war, initiated by Saudi Arabia early last week, delivered a double blow to nervous investors already rattled by declines in world stocks due to the spread of the novel…
Powering Vietnam
Fast-growing economy needs to diversify away from coal, with gas expected to play a bigger role.