Celebrating the 50th Anniversary of Petrovietnam’s Founding (September 3, 1975 – September 3, 2025)

Petrovietnam – The “5 An” and “5 Nhất”

At the business forum titled “80 Years of Enterprises Standing with the Nation,” chaired by Prime Minister Phạm Minh Chính on August 30, Chairman of the Board of Directors of the Vietnam National Industry and Energy Group (Petrovietnam), Lê Mạnh Hùng, shared the Group’s “5 An” (5 pillars of security) and “5 Nhất” (5 leading achievements) in its mission of accompanying the country.

Close-up of Petrovietnam's booth at the National Achievements Exhibition 2025

In the jubilant and excited atmosphere of the whole country making achievements to celebrate the 80th anniversary of the August Revolution and National Day September 2; the exhibition booth of the Vietnam National Industry and Energy Group (Petrovietnam) at the National Achievements Exhibition is ready to welcome visitors from August 28 to September 5, 2025, at the National Exhibition Center (Dong Anh, Hanoi).

Petrovietnam ready for the National Achievement Exhibition

On August 27, a delegation of leaders of the Vietnam National Industry and Energy Group (Petrovietnam) led by General Director Le Ngoc Son came to survey and inspect the preparations at the Group's exhibition booth, ready for the opening ceremony of the National Achievements Exhibition taking place from August 28 to September 5, 2025 at the National Exhibition Center.

PVD8 rig - symbol of PV Drilling's spirit of creativity, resilience and ambition to reach out

On the morning of August 18, in Ho Chi Minh City, Deputy Prime Minister Bui Thanh Son attended the launching ceremony of the 8th jack-up rig named PV Drilling VIII (PVD8) of the Oil and Gas Drilling and Well Services Corporation (PV Drilling).

Vietsovpetro welcomes first oil flow from Kinh Ngu Trang field - Kinh Ngu Trang Nam

(Chinhphu.vn) - On the morning of August 18, in Ho Chi Minh City, Deputy Prime Minister Bui Thanh Son attended the ceremony to attach the project's signboard and welcome the first oil flow from Kinh Ngu Trang - Kinh Ngu Trang Nam (KNT-KNTN) field, Block 09-2/09 of the Vietnam - Russia Joint Venture Vietsovpetro.

Petrovietnam subsidiary, LS Cable & System to build high-voltage underground cable factory

PetroVietnam Technical Services Corporation (PTSC) and South Korea's LS Cable & System Ltd. plan to jointly manufacture high-voltage underground cable for renewable energy projects in Vietnam.

Petrovietnam disburses over 942 million USD in investment in 7 months

Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.

Vietnamese, Korean leaders witness exchange of major cooperation documents

The event took place within the Vietnam–RoK Economic Forum which is part of the Vietnamese leader’s state visit to the RoK. The documents span areas including energy, digital infrastructure, manufacturing, logistics, tourism, finance, and high-quality personnel training.

MoIT has a working session with Korean partners on nuclear power cooperation

On the afternoon of February 24, 2025, within the framework of a working trip to Korea, Minister of Industry and Trade Nguyen Hong Dien had a working session with leaders of several Korean enterprises including Korea Electric Power Corporation (KEPCO) and KEPCO E&C, KEPCO Nuclear Fuel, Doosan Enerbility to promote nuclear power cooperation between Vietnam and Korea.

Korea, Vietnam agree to nurture ties in nuclear power, high-speed rail

S. Korea, Vietnam seek to achieve $150 billion milestone for bilateral trade volume by 2030

Petrovietnam disburses over $942 million in investment in 7 months

Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market.

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.

PM expects Petrovietnam to rank in region's top 5 leading enterprises

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.

VPI SP Chemical System: A Modern Scientific and Technological Product of Petrovietnam

For the first time in Vietnam, a technological solution to enhance oil recovery factor has been implemented in a systematic and scientific manner, in line with the global roadmap for researching and applying advanced technologies. This initiative integrates Vietnam’s oil and gas exploration and production expertise with modern simulation technologies, artificial intelligence (AI), and machine learning algorithms to develop the VPI SP chemical system—a highly intellectual and valuable product.

BSR officially launches sulfur pastilles – A new milestone in optimizing by-products

On July 8, 2025, at Dung Quat Refinery, Binh Son Refining and Petrochemical Joint Stock Company (BSR) held a launch ceremony for its new product, Sulfur Pastilles. This marks a significant milestone in BSR’s journey of research, technological innovation, and strategic development of by-products from the refining and petrochemical process.

“Effective Governance of the Management Plan”: BSR Achieves Over VND 69 Trillion in Revenue, Exceeds Profit Target by 93% in First Half of 2025

Despite continued volatility in the global oil market due to escalating geopolitical conflicts, adverse impacts of U.S. tax policies, sharp fluctuations in crude oil prices, and mounting competitive pressures, Binh Son Refining and Petrochemical Joint Stock Company (BSR) recorded a strong performance in the first half of 2025.

PV Drilling completed its plan for the first 6 months of 2025

The preliminary business performance report for the first 6 months of 2025 shows that PV Drilling’s consolidated revenue and profit both increased compared to the plan and the same period last year.

BSR successfully produces new product: Sulfur Pastilles

With the goal of diversifying product offerings, optimizing the value chain, and enhancing business efficiency, Binh Son Refining and Petrochemical Joint Stock Company (BSR) - the operator of Dung Quat Refinery - has successfully developed and launched a new product, Sulfur Pastilles, to the market in July 2025. This strategic step aims to enhance the commercial value of by-products while unlocking larger consumption potential in both domestic and international markets.

Petrovietnam transforms into a green energy corporation, ready for the carbon credit market

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.

Kinh Ngu Trang – Kinh Ngu Trang Nam Field Development Project Officially Receives First Commercial Oil Flow

At 7:09 a.m. on July 14, 2025, the Kinh Ngu Trang – Kinh Ngu Trang Nam (KNT-KTN) field development project successfully opened four wells on the WHP-KTN platform to receive the first oil flow (First Oil). Later, at 10:34 a.m. the same day, the CPP-KNT platform received the incoming crude, which is subsequently transported to the MSP-10 platform for processing via a 38-kilometer subsea pipeline.