According to the brand value ranking, BSR, with a valuation of USD 201.7 million, secured 7th place among the Top 25 companies, following major corporations and brands such as Vinamilk (USD 2,360.4 million), Masan Consumer (USD 1,109.8 million), FPT Corporation (USD 755.4 million), Sabeco (USD 488.5 million), Petrolimex (USD 403 million), and Airports Corporation of Vietnam (USD 311.3 million).

Within Petrovietnam’s ecosystem, three brands were recognized in the ranking, namely BSR (USD 201.7 million), PVOIL (USD 132.3 million), and Phu My Fertilizer (USD 76.4 million). Compared with other energy enterprises of Petrovietnam, BSR has firmly established its brand strength and maintained a strategic position in Vietnam’s energy industry.

Founded in 2008, BSR is responsible for managing and operating the Dung Quat Refinery - the first refinery of Vietnam. Since its commercial operation in 2009, BSR has been regarded as the “heart” of Vietnam’s refining and petrochemical industry, playing a pivotal role in ensuring national energy security.

Over 16 years of operation, BSR has grown significantly - from a fledgling enterprise facing numerous challenges to becoming the flagship company of Petrovietnam in the energy and petrochemical sectors, stably supplying over 30% of the country's petroleum demand. This strong foundation has enabled BSR to build a sustainable brand reputation, earning its recognition at 7th position in Forbes Vietnam's 2025 ranking.

From 2009 to June 2025, Dung Quat Refinery received 1,354 crude oil shipments with a total volume of over 110 million tons; produced over 100 million tons of various products; recorded total revenue exceeding VND 1.74 quadrillion; contributed over VND 238 trillion to the State budget; and achieved after-tax profit of more than VND 52.1 trillion.

In the first half of 2025 alone, BSR produced over 3.84 million tons of various products; earned revenue of more than VND 69 trillion; contributed over VND 7.3 trillion to the State budget; and achieved pre-tax profit of VND 1.451 trillion. Amid volatile oil and gas market conditions, these results demonstrate BSR’s management excellence, operational flexibility, production optimization, risk management, and market expansion. BSR is one of three enterprises recognized by Petrovietnam for fully meeting its production and financial targets in the first half of the year.

In the first half of 2025, BSR safely and stably operated Dung Quat Refinery at high capacity, at times reaching 124%. Key processing units were optimized: CDU increased from 114% to 118%, RFCC operated stably at 110%, and the KTU (aviation gasoline unit) surged to 140% to leverage favorable Jet-A1 market prices.

Simultaneously, BSR established an Innovation Center and implemented the “digital refinery” model, enabling real-time data management. The integration of digital technology into operations and management not only enhances efficiency but also aligns BSR with international industrial management standards.

Another key factor elevating BSR’s brand value is its pioneering role in scientific research, innovation, digital transformation, and product development. In June 2025, BSR successfully exported its first commercial batch of Sustainable Aviation Fuel (SAF) - a historic milestone marking significant progress in the development of green, environmentally friendly energy products. Following that achievement, on July 8, 2025, BSR launched and exported Sulfur Pastilles, marking another breakthrough in technological innovation and in realizing its strategy of developing value-added by-products from the refining–petrochemical process.

Most recently, BSR exported 420 m³ of DO oil to PVOIL Laos - a subsidiary of PetroVietnam Oil Corporation (PVOIL). Expanding exports to the Lao market is a strategic move, reaffirming BSR’s flexible supply capacity and its effective integration within Petrovietnam’s value chain. The success of this export will be scaled up to build sustainable markets and customers in Laos and other neighboring countries.

Looking ahead, BSR is implementing the Dung Quat Refinery Upgrade and Expansion Project, which will increase capacity from 148,000 barrels/day to 171,000 barrels/day. This strategic project will enhance BSR’s ability to process diverse crude oils, produce environmentally friendly products, and strengthen its competitiveness in the global market.

BSR