PTSC hands over 33 offshore wind power foundations to Danish investor
This is an important milestone as it marks the first time the PTSC has successfully manufactured and exported large-scaled wind power foundations.
Updates, stories and category highlights from Petrovietnam.
This is an important milestone as it marks the first time the PTSC has successfully manufactured and exported large-scaled wind power foundations.
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.
The O Mon 4 Thermal Power Plant will bring Petrovietnam’s total installed capacity to over 9,3000 MW, accounting for around 10% of the country’s total power capacity. Once completed, the plan will provide clean and stable power to the national grid and contribute to promoting the economic growth.
(PetroTimes) - On June 4, Binh Son Refining and Petrochemical Joint Stock Company (BSR) held a ceremony to launch and successfully deliver its first commercial batch of Sustainable Aviation Fuel (SAF). This event marks a significant milestone in BSR’s journey toward researching and developing green and sustainable energy products.
Emerging from historical challenges, PetroVietnam Shipbuilding and Mechanical Company Limited (PVSM) has steadily asserted its position in the shipbuilding and offshore engineering sector. With a series of successful high-profile projects—ranging from constructing vessels for European clients to overhauling massive offshore rigs—PVSM is demonstrating its internal capabilities while repositioning itself as a major player in Vietnam’s shipbuilding industry.
At the 2024 Vietnam Science and Technology Innovation Awards (VIFOTEC), held on May 28 in Hanoi, the project titled “Design of a Well Completion Assembly for Repairing Oil and Gas Wells Under Complex Conditions” by a research team from the PetroVietnam Exploration Production Corporation (PVEP) was awarded First Prize.
Regional initiative to accelerate grid integration, energy security, and decarbonisation across Southeast Asia
Petrovietnam delivered strong results in the first four months of 2025, exceeding most key production targets despite global market headwinds.
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.”
HANOI, May 16, 2025 — As part of the ongoing cooperation between Amazon Web Services (AWS) and Petrovietnam, the Department of Science, Technology & Digital Transformation hosted a specialized seminar entitled “Digital Technologies to facilitate Green Energy and Industries.” The event, held on May 16, underscored Petrovietnam’s commitment to both national energy security and the broader shift toward a greener, more sustainable energy future.
Việt Nam’s stated-owned oil and gas group PetroVietnam on Friday has officially celebrated the first commercial oil flow from the Đại Hùng oilfield Phase 3 project, underscoring the domestic capacity in energy development towards a 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.
With clear direction and transformative mechanisms, Petrovietnam’s scientific and technological research is expected to mark significant turning points in development—elevating the Corporation to fulfill its role as the Vietnam National Industry - Energy Group.
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.
On April 21, Dung Quat Oil Refinery reached a significant milestone, surpassing 100 million tons of cumulative product output since it began commercial operations in 2009. This historic achievement marks a resilient journey of growth and highlights the sustainable production capacity of Binh Son Refining and Petrochemical Joint Stock Company (BSR) — the entity responsible for operating the refinery for over 16 years.
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.
In the context of Vietnam–Malaysia relations being elevated to a Comprehensive Strategic Partnership in 2024, the Vietnam National Industry – Energy Group (Petrovietnam) and the National Oil and Gas Company of Malaysia (Petronas) continue to affirm their pioneering role in bilateral cooperation, particularly in the energy sector, with the extension of the Production Sharing Contract (PSC) at the PM3 CAA Block.
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.