PetroVietnam Finance names new board members

PetroVietnam Finance Joint Stock Co. (PVFC) has announced a loss of VND405 billion (US$23.1 million) in the fourth quarter of last year but still managed to eke out a net profit on the whole year of roughly VND50.5 billion.

Following a vote of shareholders, Nguyen Dinh Lam, currently the deputy director of PVF, was named to the corporate management board to represent the 25-per-cent stake (VND1.25 trillion) of PetroVietnam in the company, for the term of 2008-13, and replacing Nguyen Dinh Cung.

PVF deputy director Nguyen Khuyen Nguon was also elevated to the management board to represent an 11-per-cent stake (VND550 billion) of PetroVietnam for the same term, replacing Vu Thi Ngoc Lan.