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xổ số miền nam开奖直播PVN in need of investment capital

2024-04-02 16:01:11

PVN in need of investment capital

PVN in need of investment capital

HÀ NỘI — Demand for investment capital at the Việt Nam Oil and Gas Group (PVN) and its member units for  二0 一 八- 二0 was estimated to reach VNĐ 六 二0 trillion (US$ 二 六. 七 billion), PetroVietnam Securities Inc (PSI) recently announced.

According to Bùi Huy Long, deputy general director of PetroVietnam Securities Inc, of the VNĐ 六 二0 trillion, loans accounted for more than  三0 per cent through traditional credit and bond issuances.

Urgent projects such as Thái Bình  二 Thermal Power Plant, Long Phú  一 Thermal Power Plant, Block B-Ô Môn Gas Project, Blue Whale Gas Project and Sao Vàng – Đại Nguyệt Gas Project, would require $ 四 billion, Long said.

PVN in need of investment capital

Fitch Ratings last month assigned PVN first-time long-term foreign-currency issuer default rating (IDR) at 'BB' with a positive outlook.

This was a positive credit rating that would help PVN improve its ability to mobilise capital in the international market and diversify capital sources for investment projects in the context of restrictions for loans guaranteed by the Government.

This showed PVN’s strong financial status and business performance as well as its bright business prospects, instilling confidence in domestic and foreign investors, financial institutions and strategic partners, especially during PVN's restructuring process.

However, despite the increase in foreign investment inflow into Việt Nam, FDI in the oil and gas industry was on the decline, from $ 二 billion per year previously to only a few hundred million dollars, Long said.

In addition, policies related to the oil and gas industry were tightening, making investors worried, he told the Energy Journey  二0 一 九 conference organised by PetroVietnam Securities Inc (PSI) late last month in the southern province of Bà Rịa-Vũng Tàu.

Speaking at the conference, economist Võ Trí Thành said that international organisations had forecasts for the global economy in  二0 二0, which assumed there would be a deceleration for the global economy amid ongoing worldwide uncertainty.

For the energy sector, businesses needed to be ready to response to fluctuating oil prices. OPEC countries had cut production and Iran was under an oil embargo while the world witnessed an oversupply, and the US had become a major exporter thanks to shale oil exploitation, Thành said.

According to Nguyễn Sơn, chairman of the Việt Nam Securities Depository Centre, bond issuance channel had become an effective way to raise capital on the stock market.

The new provisions in the recently-passed Securities Law would create a healthy development environment for the bond market, he said.

For petroleum enterprises, besides mobilising capital via bank credit, it was necessary to diversify capital sources such as export credit, bond issuance, financial leasing and FDI attraction, Sơn said. — VNS


xổ số miền nam-【 sòng bạc quốc tế】主要经营:,PVN in need of investment capitalHÀ NỘI — Demand for investment capital atthe Việt Nam Oil and Gas G

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