The world is entering a period of profound energy transition, where the goal of net zero emissions has become a common commitment of many countries. This change brings with it unprecedented challenges: fiercer global competition, unpredictable geopolitical fluctuations, and the rapid development of science and technology.

For a developing economy like Vietnam, the challenge is to ensure sufficient energy for growth while simultaneously fulfilling commitments to reduce greenhouse gas emissions. In such a challenging context, Petrovietnam not only faces enormous pressure, but also has the opportunity to affirm its particularly important role in the national economy.

Perspectives on continuous development.

To adapt to the times, Petrovietnam has identified a consistent development perspective, encapsulated in the motto "develop fast but sustainably; expand but effectively; innovate but maintain identity". This is not only a slogan but has become a strategic orientation for all activities of the Group. Accordingly, Petrovietnam considers expansion of scale necessary, but more importantly, it is necessary to improve quality and efficiency, ensuring long-term competitiveness. The Group chooses the path of innovation, proactive integration, but always preserves its own identity, the identity of an enterprise closely linked to the history, culture and people of Vietnam.

From this perspective, Petrovietnam has outlined clear strategic goals for the development period until 2030. The biggest ambition is to enter the Fortune Global 500 list - the ranking of the 500 largest enterprises in the world, thereby making the Vietnamese brand more present on the global economic map. Along with that aspiration is the determination to maintain the No. 1 position in Vietnam in terms of scale, profit and budget contribution.

Not stopping at the domestic scope, Petrovietnam also aims to reach the Top 10 leading energy enterprises in the region, while shaping a model of an integrated, modern industrial - energy corporation, capable of competing equally with international corporations.

.6 development drivers.

To realize its great goals, Petrovietnam has identified six key development drivers.

First of all, it is to improve governance capacity, build a multi-layered ecosystem, closely connect with private enterprises, foreign investors and state-owned corporations, creating a closely linked and mutually complementary network. In addition, the Group focuses on investing in national and regional ecological energy industrial centers, where upstream, midstream and downstream are synchronously integrated, to optimize the value chain and increase competitiveness.

Another important pillar is science and technology. Petrovietnam considers innovation, digital transformation and mastering strategic technology as the key to creating breakthroughs, thereby developing key products bearing the Vietnamese mark. Along with that, the Group expands international cooperation in both investment and trade, gradually affirming its global brand and participating more deeply in the world energy value chain.

Realizing that people are the most valuable asset, Petrovietnam places human resource development, especially the young generation, at the center. A team of well-trained, ambitious and dedicated talents will be a solid foundation for the future.

And last but not least, is corporate culture. Petrovietnam persistently cultivates the core values ​​of "Very Petrovietnam - very Vietnamese - very international," both maintaining its own identity and integrating with global trends.

Pioneering in energy transition.

Along with consolidating the traditional oil and gas sector, Petrovietnam has been pioneering expansion into new energy fields.

Offshore wind power projects, hydrogen research, carbon capture and storage (CCUS) technology, along with the Thi Vai LNG terminal, have been opening up strategic directions for the future. The official operation of the Thi Vai LNG terminal in 2023 has marked a turning point, bringing Vietnam into the era of importing liquefied natural gas, contributing to diversifying supply sources and improving resilience to fluctuations in the international market.

In the future, offshore wind power projects have the potential to turn Vietnam into a regional clean energy hub, while affirming Petrovietnam's pioneering role in the global energy transition.

Petrovietnam's ambition to reach out is not only fueled by strategic plans, but also originates from its people, a workforce of tens of thousands of dedicated and creative oil and gas workers.

The culture of "Aspiration - Intelligence - Professionalism - Justice" has become a soft power, connecting generations of workers inside and outside the industry. From engineers who work day and night on the drilling rig in the middle of the ocean, to experts working diligently in the laboratory, all carry within them the pride of contributing to the national mission. They are the factors that create the courage of Petrovietnam, helping the group to overcome all storms.

The Group's efforts and achievements have been recognized by the Party and State leaders. The Prime Minister has repeatedly affirmed that Petrovietnam "deserves to be a pillar of national energy and industry; a major economic driver, an innovative, dynamic and effective model".

This is both a recognition of past contributions and a message of confidence for the future: Petrovietnam will continue to be one of the pillars leading the country's economy in the new era, where green economy and sustainable development become the main trend.

Anh Tho

Source: https://baochinhphu.vn