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New JV set up to exploit oil & gas in Russia
PetroVietnam and Rosneft will establish a joint venture company to explore and exploit two oil wells at Pechora Sea, north-west of Russia, which have a combined geological reserve of 1 billion tonnes and a recoverable reserve of 200 million tonnes.
BUSINESS IN BRIEF 21/4
Trade deficit hits US$547 million in March; Bilateral trade with India up 40.2pct; Challenges for Vietnamese exports; Instalment plans take advantage of Vietnamese consumers; Up-market housing remains empty
BUSINESS IN BRIEF 15/3
New bond trading system launches; Businesses respond to e-customs procedures; First BPO joint venture established in Southeast Asia; Plans surrounding Vietnam’s largest int’l airport
