Setting a New Record: Petrovietnam Poised for a Breakthrough in nha cai 188bet Nation’s New Era
Highlights of 2024
Over nha cai 188bet past 50 years of development and growth, Petrovietnam has made remarkable and comprehensive progress in both scale and depth. nha cai 188bet Group has established a fully integrated value chain, spanning from oil and gas exploration, surveying, and extraction to nha cai 188bet gas industry, petrochemical refining, power generation, and high-quality oil and gas technical services. As a pioneering State-owned enterprise, Petrovietnam has played a crucial role in national economic development, industrialization, modernization, and international integration.
Prime Minister Phạm Minh Chính, Deputy Prime Minister Bùi Thanh Sơn, and Petrovietnam’s leadership perform nha cai 188bet transition ceremony of Petrovietnam into a National Energy Industrial Group.
Through effective governance based on synchronized digital transformation, volatility management, investment portfolio management, and supply chain management, Petrovietnam has successfully navigated market challenges and fluctuations, achieving continuous annual growth. With a workforce of nearly 60,000 employees and total consolidated assets of nearly USD 50 billion, Petrovietnam stands as nha cai 188bet country’s leading economic conglomerate, serving as nha cai 188bet backbone in ensuring nha cai 188bet "Five Pillars of Security": Energy Security (oil and gas exploration, extraction, and processing)
Food Security (production and supply of fertilizers for agriculture), Economic Security (significant contributions to nha cai 188bet national budget), National Defense Security (participation in safeguarding national maritime sovereignty) and Social Security (active involvement in social welfare initiatives).
Petrovietnam is also a pioneer in nha cai 188bet offshore energy industry, actively participating in nha cai 188bet global energy supply chain.
In 2024, Petrovietnam diligently fulfilled nha cai 188bet tasks assigned by nha cai 188bet Party, State, Government, and Prime Minister, reaffirming its pioneering role in implementing key national programs. nha cai 188bet Group maintained effective governance and business operations, setting an exemplary model for other State-owned corporations and enterprises.
Notably, Petrovietnam successfully met all production and business targets, achieving outstanding results and setting new records. These achievements have laid a solid foundation for future growth. nha cai 188bet Group also led nha cai 188bet way in offshore energy industries, actively participating in nha cai 188bet global energy supply chain, opening new development opportunities aligned with national policies and Conclusion No. 76-KL/TW. A remarkable milestone was reached when Petrovietnam exported offshore energy industry products for nha cai 188bet first time, marking a significant step forward in both traditional and renewable energy sectors for nha cai 188bet company and Vietnam as a whole. Petrovietnam set a new revenue record for nha cai 188bet third consecutive year, surpassing 1 quadrillion VND, a 36% increase compared to nha cai 188bet pre-COVID-19 period (2019) and equivalent to approximately 9% of nha cai 188bet national GDP. nha cai 188bet Group contributed 165 trillion VND to nha cai 188bet State budget, accounting for nearly 9% of total national revenue, reflecting a 52% increase from nha cai 188bet pre-pandemic period. These results enabled Petrovietnam to complete its 2021-2025 five-year plan ahead of schedule, exceeding targets by 6-32%. Over four years, nha cai 188bet Group achieved total revenue exceeding 3.5 quadrillion VND, with an annual growth rate of 16.7%; Total contributions to nha cai 188bet State budget surpassing 599 trillion VND, growing at 21.2% per year; Consolidated pre-tax profit exceeding 238 trillion VND, with an annual growth rate of 44.3%.
These records and achievements serve as a strong foundation for Petrovietnam to transform into nha cai 188bet National Energy Industrial Group, accelerating development and contributing to Vietnam’s journey toward a prosperous and powerful new era.
Focusing Resources, Poised for a Breakthrough
Building on past achievements and proud milestones, Petrovietnam’s leadership, employees, and workforce remain united, determined, and proactive in overcoming difficulties, challenges, and limitations. With flexibility, decisive actions, scientific approaches, efficiency, and a strong spirit of innovation, nha cai 188bet Group is committed to successfully achieving its goals and fulfilling all assigned tasks for 2025 and beyond.
Petrovietnam has effectively managed and operated nha cai 188bet enterprise, serving as a model for other State-owned corporations, groups, and enterprises. In nha cai 188bet photo, nha cai 188bet Group's leadership is inspecting operations at nha cai 188bet Thị Vải LNG Terminal.
As 2025 approaches, Petrovietnam identifies this as a pivotal year marking its transition into a new phase of growth, filled with opportunities and potential breakthroughs. From nha cai 188bet outset, nha cai 188bet Party Committee and nha cai 188bet Board of Members have established nha cai 188bet strategic theme for nha cai 188bet year: "Core Innovation; Outstanding Model Development; Global Supply Chain Integration; Energy Knowledge Advancement; Breakthrough Growth; Sustainable Green Transition". Among these, "Core Innovation" and "Outstanding Model Development" serve as nha cai 188bet foundation for expanding scale, accelerating growth, advancing energy transition, and strengthening nha cai 188bet knowledge-based capabilities of nha cai 188bet industry. This guiding principle enables Petrovietnam to establish a sustainable growth platform, meeting national economic development requirements and aligning with global energy transition goals.
To achieve sustainable growth, Petrovietnam will focus on key strategic developments right from Q1 2025. nha cai 188bet Group aims to finalize its Industry Development Strategy and Corporate Development Strategy, ensuring alignment with nha cai 188bet directives of nha cai 188bet Politburo and nha cai 188bet Government. At nha cai 188bet same time, Petrovietnam will update and complete nha cai 188bet Five-Year Plan for 2026-2030, ensuring comprehensive and long-term stability for future development. nha cai 188bet Group is committed to mobilizing resources and feasible solutions to achieve higher growth targets than previous years, reinforcing its role as a key pillar of nha cai 188bet national economy. Petrovietnam strives to exceed its 2024 performance across all key indicators in 2025.
Specifically, nha cai 188bet Group's total revenue is expected to grow by 10%; State budget contributions are projected to increase by 10%; Investment execution value is set to grow by at least 15%; Further optimization of cost-saving and waste reduction efforts will be implemented, aiming to cut 10-20% of corporate management expenses. At nha cai 188bet same time, nha cai 188bet Board of Members of nha cai 188bet Group aims to: Complete and exceed all targets and tasks set in nha cai 188bet 2021-2025 Five-Year Plan assigned by nha cai 188bet Government; Plan and gradually implement nha cai 188bet transition roadmap to become a National Energy Industrial Group; Enhance corporate value and scale, ensuring competitiveness and sustainable development; Meet nha cai 188bet requirements of nha cai 188bet energy transition process and promote green growth, industrialization, and modernization of nha cai 188bet country.
Petrovietnam’s Key Strategic Solutions
In 2025, Petrovietnam has set forth key strategic solutions aimed at modernizing and professionalizing business governance, synchronizing management models and systems across nha cai 188bet Group and its subsidiaries. This approach ensures effectiveness, performance optimization, and efficiency, aligning with national, regional, and global development and transformation trends.
Petrovietnam’s 2025 strategic theme: "Core Innovation; Outstanding Model Development; Global Supply Chain Integration; Energy Knowledge Advancement; Breakthrough Growth; Sustainable Green Transition."
To make "Petrovietnam extraordinary" and successfully fulfill nha cai 188bet missions assigned by nha cai 188bet Party and Government, Chairman of nha cai 188bet Board Lê Mạnh Hùng emphasized that core innovation is essential—particularly in leadership and human resources development. This transformation will serve as a new driving force, shaping Petrovietnam’s current growth and laying a solid foundation for its future. Accordingly, Petrovietnam will focus on:Assessing workforce capabilities, evaluating labor productivity and asset utilization efficiency; Developing feasible action plans and solutions to maximize resource efficiency; Enhancing labor productivity management and capital utilization efficiency, ensuring a 10-15% growth in labor productivity.
At nha cai 188bet same time, Petrovietnam is comprehensively restructuring its organizational system with a streamlined, professional, and synchronized approach. This restructuring aims to establish a well-integrated corporate structure that aligns with nha cai 188bet Group’s strategic objectives and operational realities in nha cai 188bet new development phase. nha cai 188bet restructuring follows nha cai 188bet principle of fully integrating all subsidiaries within nha cai 188bet Group.
Additionally, Petrovietnam continues to optimize and strengthen its governance system, internal control, risk management, compliance oversight, and supervisory mechanisms. These efforts ensure safety and efficiency, particularly in nha cai 188bet context of enhanced delegation and authorization, implemented in strict compliance with legal frameworks.
People are Petrovietnam’s most valuable resource in achieving its strategic goals.
nha cai 188bet Group is also accelerating nha cai 188bet adoption of digital transformation, information technology, modern technologies, and advanced engineering solutions to enhance business efficiency and labor productivity across nha cai 188bet organization.
As Vietnam’s leading energy enterprise, Petrovietnam has mobilized all necessary resources, fully prepared to accelerate and break through into a new era of national development—an era of prosperity, progress, and sustainability. This milestone also marks a significant turning point in nha cai 188bet transformation of Petrovietnam into a National Energy Industrial Group, solidifying its legacy after half a century of growth and innovation.