BSR"s initial rating results in positive BB
Binh Son Refining and Petrochemical JSC (BSR) has just been assigned a rating of BB – the outlook is positive – and a standalone credit profile of BB-.
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Binh Son Refining and Petrochemical JSC (BSR) has just been assigned a rating of BB – the outlook is positive – and a standalone credit profile of BB-.
Contrasting Q2 results have been recorded across upstream, midstream and downstream firms in the Vietnamese oil and gas industry.
Major petroleum enterprises are planning to increase petrol imports to compensate for the shortage of petroleum supply due to the temporary closure of Nghi Son Refinery Plant for maintenance from Aug 25.
Twenty one companies with a billion-dollar market capitalization on the Vietnamese stock market owned VND318.27 trillion ($13.45 billion) in cash and deposits as of June 30.
The MoF has reduced taxes on petrol imports in what it says is a periodic adjustment based on operational reality.