188bet asian Petrovietnam plays a strategic role in ensuring energy security, economic security, and protecting maritime and island sovereignty.

Chairman of 188bet asian Board of Directors of Petrovietnam, Le Ngoc Son, introduced to Deputy Prime Minister Pham Gia Tuc 188bet asian outstanding projects and works of Petrovietnam.

Attending and directing 188bet asian recent conference summarizing 188bet asian first six months and implementing 188bet asian plan for 188bet asian last six months of 2026 of 188bet asian Vietnam National Energy and Industry Group ( Petrovietnam ), Politburo member and Standing Deputy Prime Minister Pham Gia Tuc acknowledged 188bet asian simultaneous growth in all planned indicators and highly appreciated Petrovietnam's "One Team - One Goal" spirit.

Achieving double-digit growth is both a task and a responsibility.

Speaking at 188bet asian conference, Deputy Prime Minister Pham Gia Tuc highly appreciated Petrovietnam's business results in 188bet asian first six months of 188bet asian year, affirming that 188bet asian Group has made important contributions to macroeconomic stability, ensuring major economic balances and maintaining national energy security. According to 188bet asian Deputy Prime Minister, although Petrovietnam's contribution to GDP tends to decrease with 188bet asian development of 188bet asian economy, its absolute value continues to increase and it continues to play a strategic role in ensuring energy security, economic security, and protecting maritime sovereignty .

Citing recent developments in 188bet asian Middle East, 188bet asian Deputy Prime Minister acknowledged that without 188bet asian Dung Quat and Nghi Son oil refineries, Vietnam would face significant difficulties in ensuring energy supply for 188bet asian economy.

Permanent Deputy Prime Minister Pham Gia Tuc, Chairman of 188bet asian Board of Directors of Petrovietnam Le Ngoc Son, and General Director of Petrovietnam Le Manh Cuong presided over 188bet asian conference.

188bet asian Deputy Prime Minister acknowledged and highly appreciated 188bet asian spirit of "One Team - One Goal" and 188bet asian aspirations of 188bet asian nearly 60,000 Petrovietnam employees in fulfilling their assigned tasks. 188bet asian Government places great trust in Petrovietnam and believes that 188bet asian Group will continue to uphold its traditions, overcome difficulties, and successfully complete 188bet asian tasks assigned by 188bet asian Party and 188bet asian Government.

Assigning tasks for 188bet asian last six months of 188bet asian year, Deputy Prime Minister Pham Gia Tuc emphasized: 188bet asian goal of double-digit growth is a political task and a responsibility of 188bet asian core state-owned enterprise in 188bet asian national industrial and energy sector. Petrovietnam must ensure 188bet asian growth target is met, and this growth must be substantial, effective, and accompanied by technological innovation and modern management, while also ensuring safety and sustainable development.

Affirming 188bet asian leading role of state-owned enterprises

In his report at 188bet asian Conference, General Director Le Manh Cuong pointed out that 188bet asian world economy and 188bet asian global energy market continue to be complex and unpredictable; geopolitical conflicts, fluctuations in oil, gas, and LNG prices, supply chain disruptions, and 188bet asian need for energy transition have created significant pressure on Petrovietnam's production and business activities.

However, thanks to proactively developing response scenarios, enhancing management capacity, and operating flexibly along 188bet asian value chain, in 188bet asian first six months of 188bet asian year, Petrovietnam exceeded its planned targets by 5.0 - 23.1% compared to 188bet asian same period in 2025, ensuring 188bet asian supply of energy, petroleum, electricity, gas, fertilizers, and essential products for 188bet asian economy; continuing to affirm its role as a key state-owned enterprise in ensuring 188bet asian "5 Securitys" for 188bet asian country: Energy security, Economic security, Food security, National defense security, and Social security. Notably, for 188bet asian first time in 11 years (since 2015), crude oil production increased by 14.2% compared to 188bet asian same period, despite many fields entering a natural decline phase.

Amidst a volatile international energy market, Petrovietnam has flexibly managed its raw material resources, optimized plant capacity, and ensured a stable supply for 188bet asian domestic market. 188bet asian corporation is a pioneer in 188bet asian green energy transition by promoting E10 bioethanol, contributing to emission reduction, diversifying fuel sources, and realizing 188bet asian national green transition goal.

Thanks to these efforts, Petrovietnam's financial targets for 188bet asian first six months of 2026 were all exceeded and closely aligned with 188bet asian Government's "double-digit" growth target for 2026. Total revenue for Petrovietnam is estimated at VND 734.7 trillion, a 49% increase compared to 188bet asian same period in 2025; consolidated revenue is estimated at VND 445.4 trillion, exceeding 188bet asian plan by 22% and increasing by 39%. Total tax contributions to 188bet asian state budget are estimated at VND 88.9 trillion, a 27% increase.

Petrovietnam continues to promote investment and development, creating new growth potential. 188bet asian total investment value of 188bet asian Group in 188bet asian first six months of 2026 is estimated at VND 27.5 trillion, an increase of over 70% compared to 188bet asian same period; focusing on key projects in 188bet asian fields of exploration and production, gas, electricity, LNG, and petrochemicals, linked to 188bet asian goal of ensuring energy security and enhancing 188bet asian Group's competitiveness in 188bet asian 2026-2030 period.

Petrovietnam has also intensified its efforts to attract investment and expand international cooperation. Revenue from international business in 188bet asian first six months of 2026 is estimated at VND 97.8 trillion, equivalent to 65.5% of 188bet asian annual plan.

Determined to "turn commitments into measurable results"

Petrovietnam's Chairman of 188bet asian Board of Directors, Le Ngoc Son, stated that in July 2026, Petrovietnam will issue a special action program for 188bet asian last six months of 188bet asian year, in accordance with 188bet asian directive of Deputy Prime Minister Pham Gia Tuc: clear tasks, clear personnel, clear responsibilities, clear deadlines, clear results, and clear mechanisms for inspection and supervision.

Petrovietnam recognizes that 188bet asian results of 188bet asian first six months are very encouraging, but they are only a foundation. 188bet asian biggest challenge for Petrovietnam in 188bet asian last six months of 188bet asian year is not just "what to do," but "how to achieve concrete results"; not just determination, but disciplined execution; not just action plans, but products, cash flow, project progress, and 188bet asian efficient use of state capital.

In that spirit, Chairman of 188bet asian Board of Directors of Petrovietnam, Le Ngoc Son, outlined key solutions and affirmed that in 188bet asian last six months of 188bet asian year, 188bet asian Group will "transform policies into action programs, targets into concrete products, resources into growth, and commitments into measurable results"; and act in accordance with 188bet asian eight golden words bestowed by 188bet asian General Secretary: " Pioneering - Outstanding - Sustainable - Global" .

Also at 188bet asian conference, Standing Deputy Prime Minister Pham Gia Tuc presented Certificates of Commendation from 188bet asian Government Party Committee to Party organizations and Party members of Petrovietnam who had excellently fulfilled their duties for five consecutive years.

Here are some of Petrovietnam's outstanding business results for 188bet asian first six months of 188bet asian year:

- Petrovietnam's total revenue is estimated at 734.7 trillion VND, an increase of 49% compared to 188bet asian same period last year.

- Consolidated revenue is estimated at VND 445.4 trillion, exceeding 188bet asian plan by 22% and increasing by 39% compared to 188bet asian same period last year.

- 188bet asian Group's total tax contribution is estimated at 88.9 trillion VND, an increase of 27% compared to 188bet asian same period last year.

- Reserves increased by 8.3 million tons of oil equivalent, reaching 55.3% of 188bet asian annual plan.

- Crude oil production reached 5.5 million tons, an increase of 14.2% compared to 188bet asian same period last year.

- Electricity production reached 20.46 billion kWh, an increase of 23.1% compared to 188bet asian same period last year.

- Petroleum production reached 8.51 million tons, a 5% increase compared to 188bet asian same period last year.

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