Petrovietnam reported consolidated revenue of VNĐ484 trillion (US$18.3 billion) in the first nine months of 2025, marking a 10 per cent increase compared to the same period last year.
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.
Vietnam National Industry - Energy Group (Petrovietnam) has signed a joint development agreement on offshore wind power with CI GMF II Cooperatief U.A., a fund under Denmark’s Copenhagen Infrastructure Partners (CIP).
PVS and LSEE has recently signed a joint development agreement to cooperate in investing, constructing, developing and operating a high-voltage offshore cable factory in Việt Nam.
At the congress, Prime Minister Phạm Minh Chính praised Petrovietnam’s achievements, saying the group had become a model for transformation, resilience and innovation across the State-owned enterprise sector.
Themed ''Energy Transition: Vision and Action'', the forum focused on Việt Nam’s need to stay competitive in the global green supply chain while adapting to climate change.
This move aims to strengthen the domestic supply chain for petrochemicals, fibres and textiles and enhance the competitiveness of Việt Nam’s garment industry.
The project, located in Block 09-2/09, offshore in the Cửu Long Basin off the southern coast of Việt Nam, was completed one day ahead of schedule, meeting all technical and safety standards.
Petrovietnam’s production highlights in the first half of this year included 4.82 million tonnes of crude oil extracted, 2.99 billion cu.m of natural gas, 16.65 billion kWh of electricity, up 8 per cent year-on-year.
State-run energy group Petrovietnam on Friday signed an engineering procurement and construction (EPC) contract for the Ô Môn 4 thermal power plant, marking a significant step in the development of the flagship gas-to-power Block B – Ô Môn project.