Vietnamese oil, gas firms hold almost $7bn in cash, cash equivalents in 2nd quarter
Vietnam’s 11 oil and gas firms reported combined Q2 2026 pre-tax profit of over VND23.4 trillion ($896.6m), extending profit growth for three quarters. Petrovietnam Refining (BSR) led with nearly VND8.5trn; Petrovietnam Gas (GAS) with over VND7.4trn. BSR, PLX, OIL and DPM held about VND178.5trn ($7bn) cash and cash equivalents. OIL posted its first loss in 10 quarters. TCBS flagged PLX divestment and public-company compliance milestones.

