Joint Press Release Petrovietnam - Vitol

Petrovietnam and Vitol Asia Pte. Ltd. (Vitol)  sign Memorandum of Understanding on cooperation

Singapore, 12 May 2026 - On 12 May 2026, in Singapore, Vietnam National Industry - Energy Group (Petrovietnam) and Vitol Asia Pte. Ltd. (Vitol) held a signing ceremony for a Memorandum of Understanding on cooperation in the energy sector and related areas.

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.

$2.3 billion LNG project breaks ground in Southeast Asia

SK Innovation, an affiliate of South Korean conglomerate SK Group, Vietnam’s state-run power company PV Power (PetroVietnam Power), and local partner NASU, an affiliate of TH Group, have held a groundbreaking ceremony for a liquefied natural gas (LNG) project, which is anticipated to support Vietnam’s industrial advancement through artificial intelligence (AI) infrastructure and community engagement initiatives.

Nghệ An launches infrastructure works for $2.2 billion LNG power plant

Nghệ An Province on May 18 launched technical infrastructure works and broke ground for the Quỳnh Lập LNG thermal power plant, one of the largest energy projects in north-central Việt Nam.

Energy sector seen as key pillar for Vietnam’s green, double-digit growth ambitions

Chairman of the Vietnam National Industry-Energy Group (Petrovietnam) Le Ngoc Son said Vietnam’s energy demand will continue rising sharply, creating enormous pressure on power generation investment. To sustain GDP growth of around 10%, electricity demand is expected to increase by 12-15% annually, requiring an additional 7,000-8,000 MW of new capacity each year.

PV Drilling, Zarubezhneft EP Vietnam B.V. sign jack-up drilling unit deal

Petrovietnam Drilling and Well Service Corporation have announced a contract with Zarubezhneft EP Vietnam B.V. for the provision of jack-up drilling unit services for a 2026 development drilling campaign.

Petrovietnam strives to ensure the supply chain and stabilize the supply of petroleum products.

(Chinhphu.vn) - In April and the first four months of 2026, the Vietnam National Energy Industry Group (Petrovietnam) continued to maintain positive growth momentum in many key production and business indicators, making an important contribution to stabilizing the market and ensuring national energy security.

Petrovietnam and the process of forming an industrial and energy hub.

Petrovietnam, building upon its foundation as a petroleum corporation, is gradually developing large-scale integrated industrial and energy centers. This process demonstrates a shift in mindset: from resource exploitation to organizing value chains, connecting infrastructure, and leading the national energy ecosystem in the transition process.

Petrovietnam, Samsung Heavy Industries sign cooperation deal

Petrovietnam and Samsung Heavy Industries have signed an MoU to establish a cooperation framework in shipbuilding, energy industry, and related sectors.

Petrovietnam shipyard arm's pre-tax profit surges over 10-fold

Petrovietnam Marine Shipyard JSC (PV Shipyard), a subsidiary of state-owned giant Petrovietnam, reported a strong first quarter of 2026, with revenue rising sharply and pre-tax profit increasing more than 10-fold year-on-year.

Vietnam - South Korea exchange 12 cooperation documents, including 2 documents on nuclear power

12 cooperation documents between ministries and sectors of Vietnam - Korea were handed over on the afternoon of April 22.

PV GAS contributes 1.1% to Vietnam's GDP.

(Chinhphu.vn) - Having completed the restructuring process and business model transformation from a gas distribution unit to a reputable energy solution provider in Vietnam and the region, Vietnam Gas Corporation (PV GAS), the key unit of the Vietnam National Energy and Industry Group (Petrovietnam), continues to affirm its position as a pillar enterprise of the economy, contributing over 135 trillion VND to Vietnam's GDP in 2025.

BSR contributes 1.1% to Vietnam’s GDP

BSR, a subsidiary of Petrovietnam, continues to affirm its position as one of the key pillars of the national economy, contributing approximately 1.1% to Vietnam’s GDP in 2025. This figure not only reflects the Company’s large operational scale but also underscores its increasingly important role in ensuring energy security and macroeconomic stability.

VN, Russia seek to expand modern industrial cooperation

The free trade agreement between Việt Nam and the Eurasian Economic Union has helped boost bilateral trade to around US$6 billion in 2025, with both sides aiming to raise the figure to $15 billion in the coming years.

PV GAS increases capacity of Thi Vai LNG terminal

Petrovietnam Gas (PV GAS) on April 7 announced that its logistics subsidiary has successfully completed a trial run to increase regasification capacity of its Thi Vai liquefied natural gas (LNG) terminal.

Prime Minister pushes construction of Nghi Son crude oil storage

PM Chinh directed the Vietnam National Industry - Energy Group (Petrovietnam) to work closely with relevant agencies and Thanh Hoa province to begin construction immediately, serving both the Nghi Son refinery and petrochemical plant and national reserves.

Nghi Son Refinery and Petrochemical Complex has enough oil inventory to ensure stable production through May

Nghi Son Refinery and Petrochemical Complex in Vietnam’s central province of Thanh Hoa has secured sufficient crude oil supply to maintain continuous operations through the end of May, said its executive.

PM visits, works with Vietnam’s leading oil and gas partner in Russia

PM Pham Minh Chinh on March 24 afternoon (local time) visited and held a working session with leading officials of Zarubezhneft, a long-standing and leading partner of Vietnam in the oil and gas sector, as part of his official visit to Russia.

STEM Innovation Petrovietnam opens global pathways for Vietnamese students

The initiative is set to inspire a new generation while equipping them with skills to compete internationally.

Petrovietnam proposes halting crude oil exports

The Government's Resolution 36 grants Petrovietnam and its subsidiaries greater autonomy in the trading and importation of crude oil and raw materials for fuel production to mitigate the risk of supply chain disruptions from the Middle East.