Building Petrovietnam into đăng nhập 188bet country’s leading energy industry group

đăng nhập 188bet objective of đăng nhập 188bet Project is to build and develop Petrovietnam into đăng nhập 188bet leading energy industry group in đăng nhập 188bet country and đăng nhập 188bet region, in line with đăng nhập 188bet new development trend, đăng nhập 188bet fourth industrial revolution, green transformation, digital transformation, new energy transformation; to have a key position and role in ensuring national energy security, perform functions, tasks and powers as prescribed by đăng nhập 188bet Law on Petroleum, đăng nhập 188bet Charter on organization and operation, have a high level of technology, modern management and specialization suitable to Vietnamese conditions; contribute to ensuring energy security, food security and protecting national sovereignty at sea. Consolidate and develop PetroVietnam and its member units, especially those operating in key fields, forming đăng nhập 188bet value-added chain of đăng nhập 188bet oil and gas industry, with strong potential in finance and science & technology, high competitiveness, effective operation, sustainable development, proactive market expansion and active international integration. Mobilize all resources to invest in đăng nhập 188bet development of PetroVietnam and Vietnam’s oil and gas industry. 

Headquarters of Vietnam National Oil and Gas Group

đăng nhập 188bet restructuring, organization and consolidation is conducted under đăng nhập 188bet model of Economic Group including đăng nhập 188bet parent company - Petrovietnam and its member companies, operating in accordance with đăng nhập 188bet objectives, development strategies and development plans of Vietnam’s oil and gas industry approved by đăng nhập 188bet Politburo/Prime Minister. Continue to restructure, focus on maintaining core areas and main business areas, and divest all capital in areas and enterprises not in đăng nhập 188bet main business areas. Restructure financial resources from own resources and resources that need to be supplemented. Maintain its position as đăng nhập 188bet leading supplier of gas sources (LPG, LNG, CNG...) of Vietnam; promote petrochemical development, deep processing of gaseous products and high-quality oil and gas services; develop clean energy sources, renewable energy, new energy such as offshore wind power, marine energy, H2, NH3... acccording to đăng nhập 188bet approval of đăng nhập 188bet competent authority, low-carbon emission fuel... in line with đăng nhập 188bet orientation of energy transition and environmental protection. 

Actively handle entangled projects, works and enterprises (if any) according to market principles, comply with đăng nhập 188bet provisions of law and approval of competent authorities. 

Adopt modern governance methods; review and promote decentralization; improve đăng nhập 188bet system of processes and internal regulations, publicity and transparency of information, lean organizational apparatus, effective efficiency, rearrange human resources in accordance with capacity, qualifications and each level of staff, strengthen supervision, inspection, internal audit and risk control; early detection and timely handling of shortcomings and weaknesses; comply with đăng nhập 188bet policy guidelines of đăng nhập 188bet Party and đăng nhập 188bet State and đăng nhập 188bet provisions of law. Strive for đăng nhập 188bet Group’s revenue to grow on average from 3-6.5%/year, increase annual budget revenue by about 10%; restructuring to make Petrovietnam stronger, especially participating in đăng nhập 188bet construction of renewable power plants, contributing to đăng nhập 188bet development of đăng nhập 188bet renewable power industry. 

By đăng nhập 188bet end of 2025, most of PetroVietnam’s member enterprises will be joint stock companies, with a lean organizational model, healthy financial situation, efficient operation, level of modern technology and production techniques equivalent to other countries in đăng nhập 188bet region, fully meeting international standards on corporate governance; formation of a professional, highly qualified management team with good moral qualities.

At đăng nhập 188bet same time, consolidate and develop a number of member enterprises with large scale, effective operation, regional and international competitiveness in đăng nhập 188bet main business fields of Petrovietnam; may consider đăng nhập 188bet establishment of new companies, branches (if any), mergers, consolidations, M&A of a number of units with suitable lines and fields of operation to concentrate resources, improve competitiveness and operational efficiency after restructuring, process exists, improve efficiency. 

đăng nhập 188bet Prime Minister requested that in đăng nhập 188bet fourth quarter of 2023, Petrovietnam would have to disseminate and thoroughly understand đăng nhập 188bet views, objectives and contents of đăng nhập 188bet Project throughout đăng nhập 188bet Group in order to create high consensus from Petrovietnam to member units, from leaders of units to employees in đăng nhập 188bet implementation process. In addition, formulate a production and business organization plan in accordance with đăng nhập 188bet approved restructuring plan; financial plan to implement đăng nhập 188bet assigned main tasks and handle financial shortcomings during đăng nhập 188bet restructuring process. Direct đăng nhập 188bet restructuring and arrangement of member enterprises in accordance with this Decision.