Celebrating nha cai 188bet 50th Anniversary of Petrovietnam’s Founding (September 3, 1975 – September 3, 2025)
Petrovietnam – nha cai 188bet “5 An” and “5 Nhất”
At nha cai 188bet business forum titled “80 Years of Enterprises Standing with nha cai 188bet Nation,” chaired by Prime Minister Phạm Minh Chính on August 30, Chairman of nha cai 188bet Board of Directors of nha cai 188bet Vietnam National Industry and Energy Group (Petrovietnam), Lê Mạnh Hùng, shared nha cai 188bet Group’s “5 An” (5 pillars of security) and “5 Nhất” (5 leading achievements) in its mission of accompanying nha cai 188bet country.
Prime Minister Phạm Minh Chính chaired nha cai 188bet forum, titled “80 Years of Enterprises Standing with nha cai 188bet Nation.”
nha cai 188bet journey of Petrovietnam’s formation and growth began with President Hồ Chí Minh’s visionary wish to establish nha cai 188bet oil and gas industry (now nha cai 188bet industrial‑energy sector) in 1959. On November 27, 1961, Oil Exploration Group 36—nha cai 188bet predecessor of Petrovietnam—was established. Shortly after national reunification, on September 3, 1975, nha cai 188bet Government decided to form nha cai 188bet Vietnam Oil and Gas General Department, which later evolved into today’s Petrovietnam.
Under nha cai 188bet leadership of nha cai 188bet Party and State, Petrovietnam has spent fifty years accompanying nha cai 188bet nation. It has successfully fulfilled its mission to build and develop a modern oil and gas industry, elevating its standing regionally and globally. nha cai 188bet Group now operates across nha cai 188bet entire value chain—from oil and gas exploration and extraction to nha cai 188bet gas sector, power generation, renewable energy, petrochemical processing, and high‑tech services—forming a strategic backbone in nha cai 188bet national energy infrastructure. Petrovietnam serves as a driving force in Vietnam’s socio‑economic development by ensuring energy, economic, food, and national defense security, safeguarding maritime sovereignty, and contributing to social welfare.
Petrovietnam Chairman of nha cai 188bet Board – MLe Manh Hung speaks at nha cai 188bet Conference.
At nha cai 188bet conference, Chairman Lê Mạnh Hùng highlighted that through realizing nha cai 188bet “5 An,” Petrovietnam has achieved remarkable milestones over five decades, including five metrics ranking among nha cai 188bet nation’s highest.
- Largest enterprise in Vietnam, 11th largest in Southeast Asia, with total assets exceeding VND 1 quadrillion and equity over VND 540 trillion. To date, cumulative revenue stands at USD 599 billion.
- Highest budget contributor among Vietnamese enterprises. To date, Petrovietnam has contributed approximately USD 142 billion in revenue to nha cai 188bet state budget. In nha cai 188bet past five years, it has contributed over VND 160 trillion annually on average. Before 2000, nha cai 188bet Group accounted for about 30% of nha cai 188bet national budget; currently, it contributes around 9% annually, representing about 80.3% of all contributions from 18 state-owned groups and corporations.
- Consistently among nha cai 188bet most profitable companies in Vietnam, especially over nha cai 188bet past five years during which it has always ranked at nha cai 188bet top. In 2024, nha cai 188bet Group’s profit exceeded VND 55 trillion. Over nha cai 188bet last five years, Petrovietnam’s revenue grew at an average rate of 15% per annum; budget contributions grew 16.4% annually; and consolidated profits soared by more than 36% per annum.
- Leader in science and technology development, with nha cai 188bet most science and technology awards. Petrovietnam has received 6 Hồ Chí Minh Awards, 4 State Science and Technology Awards, 46 VIFOTEC/WIPO awards, and notably holds 4 international patents—important achievements underpinning its production and business advancement.
- Among nha cai 188bet top enterprises in social welfare contributions. Between 2020 and 2025 alone, Petrovietnam invested VND 5,129 billion in social welfare initiatives.
Chairman Lê Mạnh Hùng expressed:
“We are deeply moved by nha cai 188bet care and support nha cai 188bet Party, State, Government, and Prime Minister have shown toward nha cai 188bet business community. This support serves as a significant source of motivation for businesses, executives, managers, and entrepreneurs to be confident and determined in overcoming market challenges and achieving even greater success.”
Looking ahead, under nha cai 188bet Party and State’s guidance—particularly in line with Politburo Conclusion No. 76‑KL/TW (April 24, 2024) and Government Resolution No. 38/NQ‑CP (February 28, 2025), and responding to global energy transition trends—Petrovietnam is making a landmark shift toward becoming a national industrial‑energy conglomerate. nha cai 188bet strategy focuses on three strategic pillars: Energy (core pillar), Industrial development, and High‑Tech Services. Petrovietnam aspires to join nha cai 188bet Fortune Global 500 by 2030 through six core strategic initiatives.
To achieve its dual mission—ensuring energy security and generating national energy capacity, with nha cai 188bet ambition of entering nha cai 188bet Fortune 500 by 2030 amid complex challenges—Petrovietnam welcomes and is ready to collaborate with credit institutions, banks, state-owned and private corporations, and foreign-invested enterprises. nha cai 188bet Group especially seeks continued attention and guidance from nha cai 188bet Party, State, Government, and nha cai 188bet Prime Minister. This will serve as a driving force for Petrovietnam to continue “Keeping nha cai 188bet heritage alight and shaping nha cai 188bet nation’s energy future,” as it walks alongside nha cai 188bet country’s development journey.