Petrovietnam’s strategy & vision

20/05/2026

Petrovietnam names Le Manh Cuong as CEO

State-owned giant Petrovietnam has appointed Le Manh Cuong as CEO, elevating a longtime industry executive with more than three decades of experience across Vietnam’s offshore energy and oil-services sector.

20/05/2026

$2.3 billion LNG project breaks ground in Southeast Asia

SK Innovation, an affiliate of South Korean conglomerate SK Group, Vietnam’s state-run power company PV Power (PetroVietnam Power), and local partner NASU, an affiliate of TH Group, have held a groundbreaking ceremony for a liquefied natural gas (LNG) project, which is anticipated to support Vietnam’s industrial advancement through artificial intelligence (AI) infrastructure and community engagement initiatives.

18/05/2026

Nghệ An launches infrastructure works for $2.2 billion LNG power plant

Nghệ An Province on May 18 launched technical infrastructure works and broke ground for the Quỳnh Lập LNG thermal power plant, one of the largest energy projects in north-central Việt Nam.

18/05/2026

Energy sector seen as key pillar for Vietnam’s green, double-digit growth ambitions

Chairman of the Vietnam National Industry-Energy Group (Petrovietnam) Le Ngoc Son said Vietnam’s energy demand will continue rising sharply, creating enormous pressure on power generation investment. To sustain GDP growth of around 10%, electricity demand is expected to increase by 12-15% annually, requiring an additional 7,000-8,000 MW of new capacity each year.

12/05/2026

Petrovietnam strives to ensure the supply chain and stabilize the supply of petroleum products.

(Chinhphu.vn) - In April and the first four months of 2026, the Vietnam National Energy Industry Group (Petrovietnam) continued to maintain positive growth momentum in many key production and business indicators, making an important contribution to stabilizing the market and ensuring national energy security.

05/05/2026

Petrovietnam and the process of forming an industrial and energy hub.

Petrovietnam, building upon its foundation as a petroleum corporation, is gradually developing large-scale integrated industrial and energy centers. This process demonstrates a shift in mindset: from resource exploitation to organizing value chains, connecting infrastructure, and leading the national energy ecosystem in the transition process.

21/04/2026

PV GAS contributes 1.1% to Vietnam's GDP.

(Chinhphu.vn) - Having completed the restructuring process and business model transformation from a gas distribution unit to a reputable energy solution provider in Vietnam and the region, Vietnam Gas Corporation (PV GAS), the key unit of the Vietnam National Energy and Industry Group (Petrovietnam), continues to affirm its position as a pillar enterprise of the economy, contributing over 135 trillion VND to Vietnam's GDP in 2025.

21/04/2026

BSR contributes 1.1% to Vietnam’s GDP

BSR, a subsidiary of Petrovietnam, continues to affirm its position as one of the key pillars of the national economy, contributing approximately 1.1% to Vietnam’s GDP in 2025. This figure not only reflects the Company’s large operational scale but also underscores its increasingly important role in ensuring energy security and macroeconomic stability.

02/04/2026

Prime Minister pushes construction of Nghi Son crude oil storage

PM Chinh directed the Vietnam National Industry - Energy Group (Petrovietnam) to work closely with relevant agencies and Thanh Hoa province to begin construction immediately, serving both the Nghi Son refinery and petrochemical plant and national reserves.