State owned oil and natural gas company PetroVietnam saw its earnings surge for the period January-May of this year.
PetroVietnam’s Deputy General Director Le Minh Hong said that the company’s earnings surged by 47 percent over the same period in 2010 to $23.48 billion, contributing $5.52 billion to the state budget.
Hong said that PetroVietnam’s gross revenue was now equivalent to 98 percent of PetroVietnam's yearly target and will likely reach its