Vietnam’s Forbes magazine has released its list of the top 25 listed brands for 2025. Among them, three brands are from the ecosystem of the Vietnam National Oil and Gas Group (Petrovietnam), with the most notable being Binh Son Refining and Petrochemical Joint Stock Company (BSR).
According to the brand value rankings, BSR is valued at 201.7 million USD and ranks 7th among the top 25 enterprises. Within the energy sector under Petrovietnam, BSR has established a strong brand presence while maintaining its crucial role in the country’s energy industry.

The top 25 listed brands for 2025, with BSR ranking 7th among the enterprises.
The Dung Quat Refinery is Vietnam’s first oil refinery, and BSR was established in 2008 with the mandate to manage and operate it. Since commencing commercial operations in 2009, BSR has been recognized as the “heart” of the national oil and petrochemical industry, playing a pivotal role in ensuring energy security.
Over its 16 years of operation, BSR has transformed from a fledgling company into a leading energy and petrochemical enterprise within Petrovietnam. The company consistently supplies over 30% of the country’s petroleum demand.
From 2009 to June 2025, the Dung Quat Refinery imported 1,354 shipments of crude oil, totaling more than 110 million tons. It produced over 100 million tons of various products, generating a total revenue of over 1,740 trillion VND. The company contributed over 238 trillion VND to the state budget and earned profits after tax of over 52.1 trillion VND.
In the first half of 2025 alone, BSR’s production reached over 3.84 million tons of various products. Its revenue exceeded 69 trillion VND, with contributions to the state budget of over 7.3 trillion VND and pre-tax profits of 1.451 trillion VND.
During the same period, BSR successfully maintained the safe and stable operation of the Dung Quat Refinery at high capacity, reaching 124% at times. Key workshops were optimized: CDU increased its capacity from 114% to 118%, RFCC operated steadily at 110%, and the aviation fuel production workshop (KTU) surged to 140% to capitalize on the high prices of Jet-A1 aviation fuel.

In parallel, BSR established an Innovation Center and implemented a “digital refinery” model, enabling real-time data management. The adoption of digital technology in governance and production yielded positive results in the first half of the year.
Specifically, in early June 2025, BSR successfully sold the first commercial batch of Sustainable Aviation Fuel (SAF). This marked a significant milestone in the company’s journey towards researching and developing green and environmentally friendly energy products.
On July 8, 2025, BSR launched and sold sulfur pellets (Sulfur Pastilles), showcasing its commitment to technology improvement and the development of by-products from the oil refining process.
Most recently, BSR sold 420 cubic meters of diesel oil to Petrol Laos Trading Co., Ltd. (PVOIL Laos), a subsidiary of Petrol Vietnam (PVOIL). BSR aims to replicate this success by expanding its market and establishing a solid customer base in Laos and neighboring countries.
Additionally, BSR is executing the Dung Quat Refinery Upgrade and Expansion Project, increasing its capacity from 148,000 barrels per day to 171,000 barrels per day. This strategic project will enable BSR to process a diverse range of crude oils, produce environmentally-friendly products, and enhance its competitiveness in the international market.
As part of its development goals, BSR aims to acquire advanced and modern technology by 2030, aligning with the energy transition trend and becoming a competitive player in the region. By 2050, BSR plans to invest in petrochemicals and chemicals to increase the value of oil and gas products, creating new raw materials to meet the maximum demands of the domestic industrial production.
“Vietnam’s First Sustainable Aviation Fuel Initiative: A Step Forward for Nguyen Thi Phuong Thao’s Airline Empire.”
Petrolimex Aviation is set to fuel a new era of sustainable aviation in Vietnam. We are proud to announce that we will be fueling a total of 1,200 cubic meters of Sustainable Aviation Fuel (SAF) for Vietjet’s flights, marking a significant step towards a greener future for the aviation industry in the country. This is the first time SAF has been blended and supplied in Vietnam, and we are thrilled to be at the forefront of this innovative and environmentally conscious initiative.
Profits Galore: A Company’s Plan to Dish Out a Whopping $20 Billion to its Shareholders
In the first half of the year, the company achieved a remarkable 93% surge in profits, surpassing its targets. This impressive performance also translated into a 13% excess in state budget contributions, further underscoring their success.
Launching BSR’s Diesel Oil into the Laotian Market
In late July and early August, amidst a wave of patriotic fervor leading up to the fourth congress of the Party Committee of the Vietnam National Oil and Gas Group for the term 2025–2030, Binh Son Refining and Petrochemical Joint Stock Company (BSR) successfully exported its first batches of diesel oil to the Lao People’s Democratic Republic. This strategic move marks a significant step towards BSR’s goal of market diversification and expansion, promising enhanced operational efficiency and profitability.