Vietnam National Oil and Gas Group (Petrovietnam – PVN) concluded 2025 with the most impressive financial results in its 50-year history, achieving a record-breaking total revenue of over 1 quadrillion VND. This milestone significantly bolstered the national budget and contributed to macroeconomic stability, driven by an agile volatility management strategy that capitalized on recovering global oil prices. By optimizing operations at core fields such as Bach Ho, Rong Doi, and Thien Ung, the Group also achieved oil and gas reserve additions of 13 million tons of oil equivalent, far exceeding original targets and securing a strong foundation for 2026 production plans.
The centerpiece of PVN’s current strategy is a decisive shift toward energy transition, moving beyond traditional fossil fuel extraction into offshore wind and green hydrogen production. Subsidiaries like PTSC have already begun exporting offshore wind foundations to international markets, asserting the technical capabilities of Vietnam’s petroleum workforce on the global clean energy stage. Looking ahead to 2026, PVN intends to ramp up investment in upgrading and expanding the Dung Quat Refinery to increase product value while completing LNG terminal infrastructure to meet the growing energy demands of the industrial sector.
