Vietnam

PSP Profits, Sales Decline in 2023

PSP Profits, Sales Decline in 2023

Lube Report Asia - March 8, 2024

P.S.P. Specialties Public Co. reported lower sales and net profit for 2023, while PV Oil Lube JSC achieved a significant ...

Vietnam Requires Lube Suppliers to Recycle

Vietnam Requires Lube Suppliers to Recycle

Lube Report Asia - January 5, 2024

Vietnam this week enacted an extended producer responsibility law requiring suppliers of lubricants and other materials ...

Fuchs Opens Vietnam Blending Plant

Fuchs Opens Vietnam Blending Plant

Lube Report Asia - September 15, 2023

Fuchs Group opened a 20,000 metric tons per year lubricants blending plant in Vietnam to serve growing demand in the reg ...

Profits Up at Thai Oil and PV Oil, Down at AP Oil

Profits Up at Thai Oil and PV Oil, Down at AP Oil

Lube Report Asia - August 25, 2023

Thai Oil Group’s base oil business achieved higher net profit on lower sales revenue for the second quarter – a sale ...

Results Mixed in Sri Lanka, Pakistan, Vietnam

Results Mixed in Sri Lanka, Pakistan, Vietnam

Lube Report Asia - March 10, 2023

Chevron Lubricants Lanka Plc reported a drop in profit for the quarter ending Dec. 31 but a huge increase in its bottom ...

Asean Lube Demand Projected to Grow

Asean Lube Demand Projected to Grow

Lube Report Asia - January 6, 2023

Lubricant demand in nine major Association of Southeast Asia Nations countries is projected to grow by a compound annual ...

PV Oil Lube’s Profits Rebound

PV Oil Lube’s Profits Rebound

Lube Report Asia - September 9, 2022

PV Oil Lube JSC’s profit after tax jumped by more than 70% for the first six months of this year, likely benefiting fr ...

Vietnam to Cut Tax on Lubes, Greases

Vietnam to Cut Tax on Lubes, Greases

Lube Report Asia - June 24, 2022

Vietnam plans to slash its environmental protection tax on lubricants and greases by about one-third to help companies c ...

Fuchs Plans Lube Plant in Vietnam

Fuchs Plans Lube Plant in Vietnam

Lube Report Asia - April 15, 2022

A year after forming a joint venture in Vietnam, Fuchs Petrolub SE has purchased land to build a finished lubricant fact ...

PV Oil Suffers Big Drop in Profits

PV Oil Suffers Big Drop in Profits

Lube Report Asia - March 25, 2022

Vietnam’s PV Oil Lube JSC reported a steep drop of more than 80% in profit after tax for 2021, compared to the prior y ...

Vietnam Weighs Tax Cut for Lubes

Vietnam Weighs Tax Cut for Lubes

Lube Report Asia - March 18, 2022

Vietnam plans to reduce its environmental protection tax for greases, lubricants and other oil products, effective April ...

Additive

Fuel Supplier NSH Delves into Lubes

Lube Report Asia - January 7, 2022

A leading fuel retailer in southern Vietnam is dipping its toe into the lubricants business as it searches for ways to c ...

Southeast Asia Vehicle Sales Down in 2020

Southeast Asia Vehicle Sales Down in 2020

Lube Report Asia - February 19, 2021

Southeast Asia sales of four-wheel automobiles dropped nearly 30% in 2020, and motorcycle and scooter sales fell by almo ...

Fuchs Picks Up Vietnam Distributor

Fuchs Picks Up Vietnam Distributor

Lube Report Asia - February 12, 2021

Fuchs Group announced this week that it has purchased a controlling stake in the lubricants business of Vietnamese distr ...

Vietnam Lube Consumption Rebounds

Vietnam Lube Consumption Rebounds

Lube Report Asia - January 1, 2021

Vietnam is returning to pre-pandemic levels of lubricant consumption, an industry insider said, boosted by strong growth ...

Vietnam Struggles to Enforce Lube Standard

Vietnam Struggles to Enforce Lube Standard

Lube Report Asia - August 21, 2020

As its dependence on imported lubricants increases, Vietnam’s government is grappling with enforcement of its national ...

Asia-Pacific Leads in New Wind Turbines

Asia-Pacific Leads in New Wind Turbines

Lube Report Asia - April 10, 2020

Asia-Pacific continued to lead in global wind power development in 2019, accounting for 50.7 percent of new installation ...