Petrovietnam’s strategy & vision
News

Petrovietnam’s strategy & vision

Updates, stories and category highlights from Petrovietnam.

Continuing the journey of new aspirations. 04/09/2026

Continuing the journey of new aspirations.

The country is entering a new phase of development with higher goals, requiring businesses with the scale, capacity, and ability to undertake large-scale projects in strategic sectors. After 51 years of establishment and development, PETROVIETNAM is facing the need to enhance its competitiveness, expand its scope of operations, and contribute more to the growth of the economy.

General Director Le Manh Cuong: PETROVIETNAM focuses its resources on building an industrial and energy ecosystem in Dung Quat. 18/08/2026

General Director Le Manh Cuong: PETROVIETNAM focuses its resources on building an industrial and energy ecosystem in Dung Quat.

During a working session between Deputy Prime Minister Pham Gia Tuc and the Standing Committee of the Quang Ngai Provincial Party Committee, the General Director of the Vietnam National Energy and Industry Corporation (PETROVIETNAM), Le Manh Cuong, provided information on the operational situation and positive contributions of PETROVIETNAM and its member units in the province. He also affirmed the commitment to continue close cooperation, focusing resources on building an industrial and energy ecosystem in the Dung Quat Economic Zone, with the Dung Quat Refinery as the core, aiming towards the formation of a national petrochemical and energy center.

Petrovietnam and NSRP maintain the energy supply chain amidst Middle East instability. 15/07/2026

Petrovietnam and NSRP maintain the energy supply chain amidst Middle East instability.

Against the backdrop of the geopolitical situation in the Middle East significantly impacting the global energy market, Petrovietnam and NSRP have proactively implemented a series of solutions, ranging from diversifying crude oil sources and maintaining maximum refinery operating capacity to leveraging the strengths of the entire energy ecosystem, contributing to maintaining domestic supply and ensuring national energy security.

Petrovietnam, Vitol deepen energy cooperation 09/06/2026

Petrovietnam, Vitol deepen energy cooperation

State-owned Petrovietnam and Singapore-headquartered Vitol Asia Pte. Ltd. in late May signed their first crude oil supply deal for the Nghi Son Refinery and Petrochemical complex, marking a concrete step in implementing a broader energy partnership.

Petrovietnam promotes green transition. 08/06/2026

Petrovietnam promotes green transition.

In the context of the inevitable trend of energy transition and emission reduction, the Vietnam National Energy Industry Corporation (Petrovietnam) has proactively "activated" the E10 bioethanol supply chain from production and blending to distribution, contributing to ensuring energy security and promoting a green transition.

PV Drilling invests in additional self-elevating drilling rigs. 03/06/2026

PV Drilling invests in additional self-elevating drilling rigs.

The Vietnam Oil and Gas Drilling and Services Corporation (PV Drilling) has just signed a contract to purchase an additional self-elevating drilling rig, tentatively named “PV DRILLING X”, marking an important step in the Corporation's investment and sustainable development strategy in the new phase.

Petrovietnam names Le Manh Cuong as CEO 20/05/2026

Petrovietnam names Le Manh Cuong as CEO

State-owned giant Petrovietnam has appointed Le Manh Cuong as CEO, elevating a longtime industry executive with more than three decades of experience across Vietnam’s offshore energy and oil-services sector.