PVOIL always strives to ensure the highest efficiency in operations, maximizing benefits for the business, shareholders and employees

Trading name

PETROVIETNAM OIL CORPORATION (UPCOM:OIL)

Transaction code

OIL

Market capitalization (VND)

11,583.4 billion

Number of shares

1,428,100

Q&A

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1. About the possibility of changing Decree 83

To adapt to the market reality and domestic supply, there is also the addition of Nghi Son NMLHD... we believe that Decree 83 may be amended/adjusted by the State in the near future.

 

Most recently, on April 12, 2019, the Petroleum Association, based on the synthesis of opinions from member enterprises, sent a document requesting the Government to propose adjustments to Decree 83 on the main contents of inventory, price adjustment frequency, base price regulations, stabilization fund...

2. Has PVOIL implemented electronic invoices yet? Will this solution help reduce smuggled gasoline?

- Electronic invoices are required to be applied nationwide from November 1, 2020.

- PVOIL has implemented printing electronic invoices since July 1, 2019 and officially applied them to the entire system from October 1, 2019.

- The application of electronic invoices will reduce smuggled gasoline if applied synchronously nationwide and especially must be integrated with sales data at each gas pump.

3. Please let the Company know how the implementation of procedures with competent state management agencies to determine the maximum ownership ratio of foreign investors held at PVOIL is progressing?

The proposal on the foreign investor shareholding ratio was submitted by PVOIL to the competent authority at the same time as the plan to divest State capital at PVOIL to a controlling level. This plan was submitted to PVN in November 2018. Accordingly, PVOIL continued to propose a maximum Room for foreign investors of 49% - equivalent to the level approved by the Government in the PVOIL Equitization Plan.

4. What is the impact of the deployment of electric motorbikes and electric cars on the gasoline industry?

The development of electric motorbikes and electric cars will certainly affect the petroleum industry. PVOIL has been closely monitoring to take appropriate steps in building strategies and operating production and business.

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