BSR records consolidated revenue of VND 140 trillion, reinforcing its role as a key pillar of Petrovietnam
At 10:45 a.m. on December 23, 2025, Binh Son Refining and Petrochemical Joint Stock Company (BSR) held a “Countdown to the 2025 Consolidated Revenue Target” ceremony, marking an impressive milestone: consolidated revenue reaching VND 140 trillion, with total product sales of 7,710,409 tons. This milestone is a significant achievement, recognizing the persistent efforts and strong determination of all BSR employees amid ongoing volatility in the energy market.
According to its plan, in 2025 BSR is expected to achieve total output of 7,907,293 tons, equivalent to 108% of the management plan; consolidated revenue of VND 142.8 trillion; pre-tax profit of VND 4.7 trillion; and contributions to the state budget of VND 14.3 trillion. These figures further affirm BSR’s pivotal role in local socio-economic development and its contribution to national energy security.
With its outstanding business performance in 2025, BSR was honored by Petrovietnam as a unit that comprehensively fulfilled its management plan, and was also ranked among the Top 7 largest listed brands by Forbes Vietnam. This recognition reflects the company’s effective operating strategy, flexible governance mindset, and continuously strengthened competitiveness.
To complete and exceed all production and business targets, BSR operated the Dung Quat Refinery safely and stably at an average equivalent capacity of up to 120%. The company also effectively leveraged “windows of opportunity” when crude oil prices declined while product prices did not fall correspondingly - at times even moving in the opposite direction - thereby optimizing profit margins. Notably, BSR proactively managed production and sales in close alignment with business scenarios that were regularly developed and updated based on movements in crude oil prices and crack spreads. This enabled flexible capacity adjustments, increased strategic inventories, and accelerated sales when market conditions were favorable.
Speaking at the ceremony, BSR President & CEO Nguyen Viet Thang expressed his deep appreciation and sincere thanks to all officers, employees, and workers of BSR for overcoming difficulties and challenges, uniting their efforts to successfully fulfill production and business tasks. He emphasized: “Today’s achievements are the crystallization of the intelligence, resilience, and strong sense of responsibility of the entire BSR collective. I especially commend the persistent efforts of our engineers and frontline workers operating the Dung Quat Refinery, who have ensured safe, stable, and efficient operations under all conditions.”
According to President & CEO Nguyen Viet Thang, the results achieved are not only numerical accomplishments, but also demonstrate BSR’s significant maturity in governance and management, its flexible response to market fluctuations, and its gradual affirmation of regional-level competitiveness.
Delivering congratulatory remarks at the event, Chairman of the Board of Directors Bui Ngoc Duong highly appreciated the collective efforts of BSR in proactively developing production and business scenarios from the very beginning of 2025, thereby effectively overcoming complex oil price fluctuations and external challenges. He stressed that despite unfavorable weather conditions, BSR ensured a stable supply of feedstock, maintained the Dung Quat Refinery’s high-capacity and stable operations, and upheld absolute safety with more than 50 million safe man-hours. On this occasion, the Chairman also called on employees to continue fostering unity and determination, striving to achieve double-digit growth targets in the 2026 production and business year.
With a solid foundation already in place and a strong aspiration for breakthrough growth, BSR is confidently entering a new phase of development, continuing to uphold its role as a pillar of Petrovietnam and a key growth driver for Quang Ngai Province in the years ahead.
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