Petrovietnam has strong influence on socio-economic development of link vao 188bet moi nhat country

Please find below link vao 188bet moi nhat content of link vao 188bet moi nhat speech made by Mr. Le Manh Hung at link vao 188bet moi nhat event:

Mr. Le Manh Hung reported to link vao 188bet moi nhat Standing Government at link vao 188bet moi nhat event

Recently, in addition to common difficulties like link vao 188bet moi nhat business community nationwide, Petrovietnam has been adversely affected by a number of factors associated with specific operations, such as link vao 188bet moi nhat complicated geopolitical situation in link vao 188bet moi nhat world energy centers and link vao 188bet moi nhat East Sea, rapid pace of energy transition, large fluctuations in supply and demand and sharp decline in prices of energy products in 2023 compared to 2022. 

However, under link vao 188bet moi nhat attention, direction and support of link vao 188bet moi nhat Party and State leaders, central departments, ministries and branches; especially link vao 188bet moi nhat close and regular direction of link vao 188bet moi nhat Prime Minister; and link vao 188bet moi nhat efforts of nearly 60 thousand oil and gas workers, by link vao 188bet moi nhat end of 2023, Petrovietnam has continued to set many new records in revenue, profit, payment to link vao 188bet moi nhat State Budget, and made important contributions to link vao 188bet moi nhat country’s socio-economic development; particularly focused on solving many difficult projects such as Thai Binh 2 Thermal Power Plant, Block B - O Mon Gas and Power Project chain, Nghi Son Petrochemical Refinery Complex Project. Along with that, Petrovietnam has promoted development and expansion of scale, enhanced international integration, and recreated business models to adapt to link vao 188bet moi nhat circular economy model, green economy, digital economy and energy transition. 

In particular, up to now, Petrovietnam has basically completed institutions and policies for oil and gas activities for stable and long-term development (Law on Petroleum 2022, Decree No. 45 issued on 01/7/2023 guiding link vao 188bet moi nhat implementation of link vao 188bet moi nhat Law on Petroleum).

According to Fitch Ratings, Petrovietnam has a strong influence on link vao 188bet moi nhat country’s socio-economic development; PetroVietnam’s activities have a material impact on link vao 188bet moi nhat entire energy value chain in Vietnam. link vao 188bet moi nhat fact that Petrovietnam has been assessed for link vao 188bet moi nhat 5th consecutive year with an independent credit rating of BB+ is an accurate reflection of Petrovietnam’s strong business and financial situation with a high level of connectivity in all fields of operation.

With 5 core fields of operation: oil and gas exploration and production, gas industry, electricity industry - renewable energy, petrochemical refining industry, high quality petroleum technical services, link vao 188bet moi nhat total asset of Petrovietnam up to now is about 998 trillion dong. 

2024 is a particularly important year in link vao 188bet moi nhat successful implementation of link vao 188bet moi nhat 5-year socio-economic development plan 2021-2025. Being aware of its responsibilities and roles, thoroughly understanding link vao 188bet moi nhat instructions of link vao 188bet moi nhat Prime Minister at link vao 188bet moi nhat Group’s 2023 closing ceremony, from link vao 188bet moi nhat first days of link vao 188bet moi nhat year, Petrovietnam has urgently organized link vao 188bet moi nhat implementation of key tasks, striving to fulfill and over-fulfill link vao 188bet moi nhat tasks, targets assigned by link vao 188bet moi nhat Government and link vao 188bet moi nhat State Capital Management Committee at enterprises. In which, focusing on 06 groups of key tasks, including: (1) Organize link vao 188bet moi nhat implementation of link vao 188bet moi nhat Strategy and implement link vao 188bet moi nhat project of synchronous restructuring with optimizing link vao 188bet moi nhat model and modernizing link vao 188bet moi nhat Group's management system and risk control system with link vao 188bet moi nhat goal of Building and developing Vietnam National Oil and Gas Group into a leading Industrial - Energy Group in link vao 188bet moi nhat country and link vao 188bet moi nhat region; (2) Implement link vao 188bet moi nhat Human Resource Development Strategy, focusing on talent management in association with link vao 188bet moi nhat Project on reinventing and enhancing Petrovietnam’s culture; (3) Promote scientific research (especially long-term scientific research); digital transformation; application of technology and management to refresh, improve link vao 188bet moi nhat efficiency of traditional dynamics, add new driving forces (new energy, new materials, energy industry) associated with shifting business models in line with link vao 188bet moi nhat trend of energy transition and green transformation; (4) Strongly implement new management methods: volatility management, value chain management, management of ecosystem inside and outside link vao 188bet moi nhat Group; expand international business and investment cooperation based on link vao 188bet moi nhat country’s trade and diplomatic relations; (5) Manage financial and investment portfolios, focus on implementing large projects, thoroughly handle difficult projects and enterprises; (6) Continue to promote link vao 188bet moi nhat improvement of link vao 188bet moi nhat system of mechanisms and policies for link vao 188bet moi nhat Group’s development, especially in link vao 188bet moi nhat new energy sectors. 

Up to now, Petrovietnam’s business results in link vao 188bet moi nhat first 2 months of 2024 have mostly exceeded link vao 188bet moi nhat plan by 5-30%; Many production indicators implemented in link vao 188bet moi nhat first 2 months of link vao 188bet moi nhat year grow compared to link vao 188bet moi nhat same period in 2023, for example, gasoline increases by 23.5%; electricity production increases by 11.0%; LPG increased by 6.7%; fertilizer production increases by 2.1%... contributing to market stability and making important contributions to link vao 188bet moi nhat country’s socio-economic development. 

link vao 188bet moi nhat Group’s financial targets in link vao 188bet moi nhat first 2 months of link vao 188bet moi nhat year also exceeded link vao 188bet moi nhat plan by 16-26%, high growth compared to link vao 188bet moi nhat same period in 2023. Total revenue of link vao 188bet moi nhat Group reached 145.4 trillion dong, exceeding 26% of link vao 188bet moi nhat plan, increasing by 16% over link vao 188bet moi nhat same period; link vao 188bet moi nhat Group’s payment to link vao 188bet moi nhat State budget is estimated at 20.1 trillion dong, exceeding 16% of link vao 188bet moi nhat plan, increasing by 3.0% over link vao 188bet moi nhat same period. Especially, link vao 188bet moi nhat investment implementation value of link vao 188bet moi nhat whole Group in 02 months reached 3.14 trillion dong, increasing by 58.6% over link vao 188bet moi nhat same period of 2023; link vao 188bet moi nhat Group’s consolidated pre-tax profit is estimated at over 7.7 trillion dong, exceeding 48% of link vao 188bet moi nhat plan.

link vao 188bet moi nhat Prime Minister said: link vao 188bet moi nhat Party, State and People trust link vao 188bet moi nhat State-owned enterprises (SOEs) to allocate huge capital and assets, how should SOEs do to deserve link vao 188bet moi nhat trust - Photo VGP/Nhất Bác

link vao 188bet moi nhat State-owned enterprises are increasingly showing their dominant and leading role in important and essential sectors and fields of link vao 188bet moi nhat economy - Photo by VGP/Nhat Bac

In 2024, there are still many difficulties and challenges ahead, however, with link vao 188bet moi nhat traditional values of oil and gas workers, along with lessons learned in recent times, especially link vao 188bet moi nhat attention, encouragement and timely direction for removal of difficulties from link vao 188bet moi nhat Government,  link vao 188bet moi nhat Prime Minister, central departments, ministries and branches, Petrovietnam firmly believe to overcome all difficulties and challenges in 2024 to successfully fulfill link vao 188bet moi nhat tasks assigned by link vao 188bet moi nhat Party, link vao 188bet moi nhat Government and link vao 188bet moi nhat Prime Minister.