Petrovietnam asserts role as pillar with ambition to reach Fortune 500
Petrovietnam has affirmed its position as the pillar of national energy with outstanding achievements, while setting the ambitious target of entering the Fortune 500 by 2030.
Updates, stories and category highlights from Petrovietnam.
Petrovietnam has affirmed its position as the pillar of national energy with outstanding achievements, while setting the ambitious target of entering the Fortune 500 by 2030.
The government leader pointed out an ambition for Petrovietnam to climb into the top seven, and ideally the top five leading enterprises of the region.
The government leader pointed out an ambition for Petrovietnam to climb into the top seven, and ideally the top five leading enterprises of the region.
At the Forum "Promoting businesses to participate in the joint credit mechanism (JCM) towards carbon market readiness in Vietnam" organized by the Ministry of Agriculture and Environment in coordination with the Ministry of Environment of Japan on July 22, Petrovietnam shared its initiatives on emission reduction and carbon credit creation.
On June 17, 2025, the Vietnam National Industry - Energy Group (Petrovietnam) secured the 11th position among the largest enterprises in Southeast Asia, top 5 of the region within the energy sector, and named as the enterprise with the most revenue generated in Vietnam, according to the Fortune 500 Southeast Asia 2025 ranking. This recognition highlights the Group’s outstanding revenue performance and operational excellence amid a highly volatile market landscape.
At the Vietnam ESG Forum 2025, Mr. Phạm Tuấn Anh, Member of the Board of Members of Petrovietnam, affirmed: “Transforming our growth model and integrating ESG principles, scientific and technological advancements, and digital transformation are existential imperatives to ensure sustainable development in the new era.”
As part of the State diplomatic visit to the Republic of Azerbaijan from May 7 to 8, General Secretary Tô Lâm and President of the Republic of Azerbaijan Ilham Aliyev witnessed the signing ceremony of cooperation documents between Vietnam and Azerbaijan. Among these, the Vietnam National Industry - Energy Group (Petrovietnam) and its affiliates have exchanged key cooperation agreements in the energy sector.
This initiative not only solidifies Petrovietnam’s strategy into concrete action plans upon its designation as Vietnam National Industry & Energy Group, but is also a proactive response to the Prime Minister’s call to enhance co-operation among state-owned enterprises amidst global challenges
This is the assessment of Dr. Nguyễn Quốc Thập – Chairman of the Vietnam Oil and Gas Association – as the Vietnam Oil and Gas Group (Petrovietnam) officially adopts its new name. The designation as the Vietnam National Industry - Energy Group (Petrovietnam) not only reflects an expansion in functions and fields of operation but also demonstrates the Party and State’s long-term vision regarding Petrovietnam's central role in the energy sector.
Amid Vietnam’s dynamic era of national advancement, the Vietnam National Industry - Energy Group (Petrovietnam), as a key enterprise in the national energy sector, recognizes that energy transition is not only a responsibility but also a strategic opportunity to innovate, enhance efficiency, and fulfill environmental commitments. In this spirit, Petrovietnam continues to collaborate with the international community to explore innovative pathways toward a more efficient and sustainable energy future.
On April 9, 2025, the Vietnam Oil and Gas Group officially adopted a new name—Vietnam National Industry - Energy Group (Petrovietnam)—marking a major milestone in its development strategy. This change not only reflects a strong transformation in the Group’s direction but also demonstrates the profound trust and expectations that the Party and the State place in Petrovietnam, especially as the nation enters a new era.
With a resolute commitment to core-level innovation and aiming toward future sustainable development goals, Petrovietnam has officially adopted a new designation: the Vietnam National Industry - Energy Group.
On April 1, 2025, the Prime Minister issued a directive assigning investors to implement the Ninh Thuan nuclear power projects.
Oil and gas exploration and production (E&P) has always been a core business, making a substantial contribution to Petrovietnam’s goals, plans, and development strategies.
In 2025, Petrovietnam will celebrate its 50th anniversary (September 3, 1975 – September 3, 2025). Although still "young" compared to major oil and gas corporations worldwide, Petrovietnam has made its mark with unprecedented achievements throughout its half-century journey of construction and development.