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PVN achieved revenue of 365.5 trillion VND in the first 6 months of the year

In the first 6 months of 2019, Vietnam Oil and Gas Group (PVN) has basically fulfilled its targets and plans. The total revenue of the whole Group reached 365.5 trillion VND, exceeding the 6-month plan by 18% and equal to 60% of the yearly plan.

In the first 6 months, the electricity production of the Vietnam Oil and Gas Group reached 11.52 billion kWh, exceeding 246 million kWh. Nitrogen production reached more than 705,800 tons, exceeding 71,000 tons, exceeding 11.2% of the 6-month plan. Gasoline production reached 5.66 million tons, exceeding 48,000 tons, exceeding 0.9% of the 6-month plan.

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With the basic completion of production targets, the Group also completed financial targets with the total revenue of the Group in the first 6 months reaching 365.5 trillion VND, exceeding 18.0% of the 6-month plan, equal to 60% of the yearly plan. The total State budget payment of the Group in the first 6 months reached 53.3 trillion VND, exceeding 15.0% of the 6-month plan and equal to 61.0% of the yearly plan.

The Vietnam Oil and Gas Group also continues to improve restructuring, improve labor productivity and competitiveness, and ensure social security and welfare. Safety work and maintaining a 24/24-hour duty regime are seriously implemented by oil and gas contractors and units; communication is maintained smoothly, all units in the Group maintain normal production and business rhythm.

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In the second quarter of 2019, the Group also recorded many outstanding activities. According to the list of 50 best listed companies in Vietnam in 2019 announced by Forbes Vietnam, there are many companies in the Oil and Gas industry such as: Vietnam Gas Corporation (PVGAS), Oil and Gas Transportation Corporation (PVT), Vietnam Oil and Gas Power Corporation (POW), PetroVietnam Fertilizer and Chemicals Corporation (DPM), and PetroVietnam Insurance Corporation (PVI).

With the connection of 16 banks using QR Code reading technology, Vietnam Oil Corporation (PVOIL) is the second enterprise in Vietnam to implement "opening" electronic payment for customers.

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In addition, Dung Quat Oil Refinery under Binh Son Refining and Petrochemical Joint Stock Company received the title of Top 10 "Green Friendly Factory" and Top 20 "Environmentally Friendly Products".

Vietnam Oil and Gas Group also strongly responded to the "Anti-plastic waste" movement to call on the community to change their behavior and habits of using plastic bags, hard-to-decompose, single-use plastic products, starting with gradually reducing the consumption of these products with the slogan "For a green, clean world, say no to plastic waste".

Ngọc Minh

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