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PVFC summed up business results of 2011 
On Dec 23rd 2011, PVFC has successfully held the meeting summing up its tasks of Communist Party’s work, business performance in 2011, preparing 2012’ plan, and discussing on PVFC’ staffs’ working regulation.
2011 is the marking year to all PVFC’ system: every staff worked their best to overcome the difficulty of economic and financial condition; the Corporation finally got supporting results (revenue: VND 7,642 billion, equivalent to 106% of year plan; collective profit: VND 399 billion, equivalent to 110% of year plan; chartered capital successfully reached VND 6 billion by issuing bonus shares…).
At the same time, PVFC well restructured its investment portfolio, effectively managed Petrovietnam’ trusted fund, drastically renovated capital mobilizing competence, got remarkable achievements in fund arrangement, CDM project development, CERs trading businesses…
PVFC’ key task in 2012 is to restructure to enhance asset and capital quality. Target revenue is VND 7,094 billion, profit VND 695 billion, total arranged fund at least: VND 20,000 billion, foreign exchange reaches 110% in comparison to 2011. The high light is changing PVFC to a joint stock commercial bank.
(PVFC)
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04/01/2012 01:50:11 PM | | Latest Articles: Information about PVFC’s trading certificate renewalOn November 28th 2011, PVFC has added the performance of “trading corporate bonds” in its License of Establishment and Operation, at the same time changed its trading certificate for the 10th time. Petrovietnam successfully celebrated the 50th anniversary of the Petroleum industryUnder the slogan “50 years the Petroleum industry follow Uncel Ho’s wish” (November 27th 1961 – November 27th 2011), on Saturday, in HaNoi, the Viet Nam Oil and Gas Group (PetroVietnam) has solemnly held the celebration with every member companies’ delegations and honour guests coming from the State Offices and Central Departments, Ministries… PVFC held “Finance companies vs the 2010 Law for non-banking finance institutions’ business” workshopIn late November, at PVFC Head Office, Mr. Doan Thai Son – Deputy Director of Law Department, State Bank has attended and talked at PVFC’ workshop about how finance companies perform abiding new rules for them (2010 Law for non-banking finance institutions’ business). PVFC has approved to trade corporate bondsVietnam State Bank Governor on November 14th issued the Decision No. 2481/QĐ-NHNN supplementing “perform the skill of buying, selling corporate bonds” in PVFC’ Lisence of Eshtablishment and Operation (at point 5.4, term 5, clause 1, Lisence No. 72/GP-NHNN dated March 17th 2008 granted by SBV). Nhon Trach power plant No.2 officially began operationPetroVietnam Power Corporation on Saturday November 12th officially brought its Nhon Trach Power Plant No. 2 into operation in the southern province of Dong Nai. President Truong Tan Sang sent congratulation letter to Petrovietnam’ staffs2011 is an important year to the whole country and specifically Petrovietnam Group. It is the very year that the Communist Party’s XI Meeting Resolution has been brought to social life. It is also the first year that Petrovietnam carries out its 5 year plan – phase 2 (period of 2011 – 2015) in the progress of the Group’s development strategy to 2015 and vision to 2025. Launch 104 thousand ton crude oil tanker financed by PVFCIn the morning of Nov. 06, 2011, in Dung Quat Economic Zone, Quang Ngai Province, Dung Quat Shipbuilding Industry Ltd. (DQS) successfully launched a 104 thousand ton crude oil tanker called PVT MERCURY. Attending the ceremony were Mr. Phung Dinh Thuc – PVN Chairman, Mr. Vu Quang Nam – PVN Deputy General Director and leaders of PVN’ subsidiaries. |
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