Petrovietnam has released its financial results for the first five months of the year, reporting impressive figures across its key business segments:
Crude oil extraction reached 4.01 million tons, with domestic extraction accounting for 3.27 million tons.
Power generation surged to 14.25 billion kWh, marking a 9.7% increase compared to the same period in 2024.
Gasoline production hit 3.11 million tons, representing a significant 34% climb.
NPK production reached 245,000 tons, a substantial increase of 64%.
LPG production rose to 355,000 tons, a 20% jump compared to the previous year.
Polypropylene production witnessed a remarkable 52% growth, reaching 71,900 tons.
Alongside these impressive operational achievements, Petrovietnam’s financial performance was equally remarkable. The Group’s total revenue is estimated at 410.5 trillion VND, with contributions to the state budget reaching an impressive 56.1 trillion VND. During this period, the Group’s disbursement stood at 14,662 billion VND, reflecting a notable 44% increase compared to the previous year.
These positive results are even more commendable considering the ongoing instability in the global economy. The volatile oil prices, influenced by geopolitical tensions, particularly the escalating situation between Israel and Iran, present a challenging backdrop to Petrovietnam’s success.
Amidst these international uncertainties, which pose direct risks to global energy supply chains and Petrovietnam’s operations, the Group’s CEO, Le Ngoc Son, has instructed the organization to proactively implement key tasks and strategic orientations. The focus is on navigating through these challenges and developing risk mitigation strategies to counter potential impacts from international fluctuations.
Figure 1: Le Ngoc Son, CEO of Petrovietnam, navigates the organization through global challenges.
In parallel, Petrovietnam is committed to sustaining its growth trajectory through new projects. For instance, the Dai Hung Field Development Project, Phase 3, has commenced oil extraction ahead of schedule, adding 6,000 barrels per day to the Group’s production capacity.
The Nhon Trach 3 Power Plant, Vietnam’s first LNG-fired power plant, has successfully achieved a technical milestone by running continuously for 24 hours at base load and is poised for commercial operation. Additionally, PTSC has fabricated 33 wind turbine foundations for the CHW2204 offshore wind project, marking a significant step for a Vietnamese enterprise winning a large-scale wind turbine foundation export contract.
On the international cooperation front, Petrovietnam signed a gas sales contract for Block 12/11 with Zarubezhneft and PV GAS, witnessed by high-ranking leaders of Vietnam and Russia. The Group also negotiated long-term oil supply with SOCAR (Azerbaijan) and collaborated with Sumitomo to develop an offshore wind power supply chain.
“A Confident Giant: Embodying the Self-Reliant Spirit of Vietnam”
“This state-owned enterprise serves as a pivotal pillar, supporting and driving the national economy forward. With a rich history and an unwavering commitment to excellence, it stands as a cornerstone of the country’s industrial landscape.”
This revised version maintains the original intent while incorporating a more engaging and polished tone, capturing the attention of readers and highlighting the enterprise’s significance.
“Vingroup, Hoa Phat, Petrolimex, The Gioi Di Dong, Vietcombank, and BIDV: Vietnam’s Top Businesses Make Their Mark in Southeast Asia’s Top 100 Companies.”
The number of Vietnamese enterprises in the top 500 enterprise ranking surged from 70 to 76, showcasing a significant growth spurt for local businesses.
“Petrovietnam Ranks 11th in the 2025 Fortune 500 SEA List of Largest Enterprises in Southeast Asia”
The recently released Fortune Southeast Asia 500 rankings for 2025 have placed the Vietnam National Industrial and Energy Group, better known as Petrovietnam, among the region’s elite. Ranked 11th overall across Southeast Asia, the group stands tall as one of the top 5 energy companies in the region and proudly claims the title of Vietnam’s largest enterprise.
“Petrovietnam’s Wind Power Triumph: Celebrating the 4th Party Congress with 33 Export Towers.”
On June 16, Petrovietnam’s Party Committee organized a ceremony at the PTSC Center for Energy, Industry, and Technical Logistics in Vung Tau City to unveil a plaque commemorating the completion and handover of 33 offshore wind turbine foundations for the CHW2204 project.
“Bidiphar Locks in 20% Dividend, Prepares for ESOP Issuance at VND 10,000 per Share”
“Bidiphar Joint Stock Company of Pharmaceutical and Medical Equipment (Bidiphar), listed on the Ho Chi Minh Stock Exchange (HOSE: DBD), has announced a generous cash dividend for its shareholders. For the year 2024, the company plans to distribute a dividend of 20%, totaling over VND 187 billion. In addition, the company is preparing to offer nearly one million ESOP shares at a price of VND 10,000 per share, showcasing their commitment to rewarding investors and fostering growth.”
