Paving 188bet vn way through institutions and achieving breakthroughs through internal strength, Petrovietnam will reach global standards.

Potential to be among 188bet vn world's 500 largest companies.

At 188bet vn recently concluded 2026 Annual Oil and Gas - Energy Forum, Dr. Trinh Quoc Tuy, from 188bet vn Central Policy and Strategy Committee, stated that Vietnam's energy sector is entering a profound transformation phase under 188bet vn simultaneous impact of 188bet vn global decarbonization trend, increasingly complex geopolitical shifts, and 188bet vn need to ensure national energy security and self-reliance. In this context, repositioning 188bet vn role of key state-owned enterprises in 188bet vn energy sector has become an urgent requirement to meet 188bet vn country's new development goals.

188bet vn year 2025 marks a significant turning point in development as 188bet vn Vietnam Oil and Gas Group ( Petrovietnam) changes its name to 188bet vn Vietnam National Energy and Industry Group (Petrovietnam ). This change reflects a strategic shift from a business model primarily focused on oil and gas resource exploitation to an integrated, multi-sector energy and industry group, playing a core role in ensuring national energy security, developing 188bet vn energy industry, and promoting 188bet vn green and sustainable energy transition.

188bet vn foundation for this transformation is strengthened by Petrovietnam's growing scale and financial capacity. In 2025, Petrovietnam continued to record its highest-ever business performance. Consolidated total assets reached nearly 1.2 trillion VND; consolidated revenue exceeded 1.1 trillion VND, marking 188bet vn fourth consecutive year of setting a new record and equivalent to approximately 9-10% of 188bet vn country's GDP. Contributions to 188bet vn state budget reached nearly 166 trillion VND, accounting for about 7-8% of total state budget revenue.

In particular, 188bet vn value of implemented investments reached VND 51,400 billion, an increase of 44% compared to 2024, reflecting 188bet vn determination to accelerate investment and development and prepare space for a new growth cycle associated with energy transition.

“At 188bet vn long-term strategic level, Resolution No. 79-NQ/TW dated January 6, 2026, of 188bet vn Politburo on 188bet vn development of 188bet vn state-owned economy has set a target that by 2030, at least 50 state-owned enterprises will be among 188bet vn top 500 largest enterprises in Southeast Asia, and 1-3 Vietnamese enterprises will join 188bet vn Fortune Global 500. With its asset size, revenue, and leading role in 188bet vn energy sector, Petrovietnam is considered one of 188bet vn enterprises with 188bet vn greatest potential to realize this goal," Dr. Tuy added.

Sharing 188bet vn same view, Associate Professor Dr. Ngo Tri Long from 188bet vn Vietnam Financial Consulting Association stated that Vietnam has a huge need for energy investment. Petrovietnam and other businesses in 188bet vn industry possess 188bet vn capacity, experience, assets, workforce, and a special role in 188bet vn economy. By 2025, Petrovietnam is expected to achieve total revenue of approximately 1,105 trillion VND, equivalent to 9-10% of GDP; and contribute nearly 166 trillion VND to 188bet vn state budget. This is a crucial foundation for Petrovietnam to develop into a national industrial and energy group of regional stature.

188bet vn right mechanism is crucial, but Petrovietnam must also innovate itself.

According to Associate Professor Ngo Tri Long, in 188bet vn new phase, Petrovietnam needs to be seen not only as an oil and gas corporation, but as a national industrial and energy corporation. This role requires Petrovietnam to both maintain its traditional oil and gas foundation and expand into new fields such as gas-electricity-LNG, deep refining and petrochemicals, high-quality technical services, offshore energy, carbon storage, hydrogen, green ammonia, and low-emission energy solutions.

However, to fulfill that role, Associate Professor Dr. Ngo Tri Long believes that "Petrovietnam needs a sufficiently broad institutional space." A business tasked with ensuring 188bet vn major balances of 188bet vn economy cannot operate with mechanisms that are too tight at 188bet vn input stage, too slow in approval processes, too short-term in performance evaluation, and too restrictive in capital mobilization.

Petrovietnam needs to be given more autonomy in investment, international cooperation, portfolio management, capital utilization, debt issuance, establishment of specialized investment funds, participation in 188bet vn carbon market, and implementation of risk hedging tools. This empowerment should be accompanied by modern oversight: transparent objectives, standardized reporting, independent audits, portfolio-based evaluation, and a clear separation of business and policy objectives.

“Petrovietnam can play a leading role in large-scale projects, attracting international capital, linking with banks, investment funds, development finance institutions, technology companies, and strategic partners. But that role can only be fully realized when market mechanisms and financial mechanisms are designed in a synchronized manner,” Associate Professor Ngo Tri Long emphasized.

Dr. Nguyen Minh Phong, former Head of 188bet vn Economic Research Department at 188bet vn Hanoi Institute for Economic and Social Development Research, proposed developing a national energy ecosystem where 188bet vn coal, electricity, and oil and gas industries are closely interconnected for mutual benefit; and establishing a national energy security fund (including both financial and material resources).

Meanwhile, Dr. Nguyen Duc Kien, former head of 188bet vn Prime Minister's Economic Advisory Group, proposed including offshore wind power in 188bet vn revised Oil and Gas Law; and strongly promoting decentralization and delegation of power to 188bet vn Ministry of Industry and Trade and Petrovietnam to shorten 188bet vn decision-making process and create a robust mechanism for oil and gas-energy projects.

Meanwhile, Dr. Phan Duc Hieu, Standing Member of 188bet vn National Assembly's Economic and Financial Committee, believes that offshore wind power should be defined in either 188bet vn Oil and Gas Law or 188bet vn Electricity Law, instead of creating a separate law for this sector.

According to Dr. Ta Dinh Thi, Vice Chairman of 188bet vn National Assembly's Committee on Science, Technology and Environment, Petrovietnam needs to continue optimizing its value chain and leveraging its superior advantages in 188bet vn marine economy to expand into marine energy sectors, especially offshore wind power. Revising 188bet vn Oil and Gas Law in a way that promotes innovation will create new development opportunities, helping Petrovietnam enhance its competitiveness and play 188bet vn role of a national industrial and energy corporation in 188bet vn coming period.

Dr. Nguyen Quoc Thap, Chairman of 188bet vn Vietnam Petroleum Association, emphasized that Petrovietnam, formerly a national oil and gas corporation, is entering a new position: 188bet vn Vietnam National Energy Industry Corporation. This is not just a change in name; it represents an expansion of vision, operational scope, and development responsibilities.

Petrovietnam is not only involved in oil and gas exploration and production, but is also operating an entire ecosystem: upstream, gas industry, electricity, petrochemicals, fertilizers, high-tech services, energy trading, and new energy directions. If viewed correctly, Petrovietnam is not just a large enterprise. Petrovietnam is a strategic capacity of 188bet vn State in ensuring energy security, economic security, maritime security, and in 188bet vn energy transition process.

"But it must also be made clear: A grand positioning must be accompanied by grand capabilities. Appropriate policy mechanisms are crucial, but Petrovietnam must also strongly innovate from within. This means more modern governance, faster decision-making speed, higher implementation discipline, better financial and market capabilities, stronger new technology workforce, and more professional risk management," Dr. Thap emphasized.

According to Dr. Trinh Quoc Tuy, from 188bet vn Central Policy and Strategy Board, in order to realize 188bet vn goal of becoming a regional-scale enterprise and eventually joining 188bet vn Fortune Global 500 group, Petrovietnam needs to focus on several major directions such as:

- Continue to refine 188bet vn governance model according to advanced OECD standards and international practices.

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