Affirming the role of key state-owned enterprises in ensuring "5 An
On July 9, Vietnam National Group of Industry - Energy (Petrovietnam) held a conference to summarize the first 6 months of the year and deploy the plan for the last 6 months of 2026.
In a report at the Conference, Petrovietnam General Director Le Manh Cuong pointed out that the world economy and the global energy market continue to be complex and unpredictable; geopolitical conflicts, fluctuations in oil and gas prices, LNG, disruption of supply chains and the requirement for energy transition have created great pressure on Petrovietnam's production and business activities.
However, thanks to proactively building response scenarios, improving management capacity, and operating flexibly according to the value chain, in the first 6 months of the year, Petrovietnam exceeded the planned targets by 5.0 - 23.1% compared to the same period in 2025, ensuring the supply of energy, gasoline, electricity, gas, fertilizers and essential products for the economy.
Continuing to affirm the role of key state-owned enterprises in ensuring "5 An" for the country: Energy security, Economic security, Food security, National defense security, Social security. Notably, for the first time in 11 years (since 2015), crude oil production increased by 14.2% compared to the same period, despite many fields entering a period of natural decline.
In the context of volatile international energy markets, Petrovietnam has flexibly managed raw material sources, optimized factory capacity, and ensured stable supply for the domestic market.
The group pioneers the transition to green energy through promoting E10 bio-gasoline, contributing to reducing emissions, diversifying fuel supply and realizing the national green transformation goal.
Overcoming challenges, comprehensively completing targets
With that effort, Petrovietnam's financial indicators for the first 6 months of 2026 all exceeded the plan and closely followed the Government's "double-digit" growth target in 2026.
Total revenue of Petrovietnam is estimated at VND 734.7 trillion, up 49% compared to the same period in 2025; consolidated revenue is estimated at VND 445.4 trillion, exceeding 22% of the plan, up 39%. State budget contribution of the entire Group is estimated at VND 88.9 trillion, up 27%.
Petrovietnam continues to promote development investment, creating new growth capacity. The realized investment value of the entire Group in the first 6 months of 2026 is estimated at 27.5 trillion VND, an increase of more than 70% compared to the same period; focusing on key projects in the fields of exploration and exploitation, gas, electricity, LNG, oil refining and petrochemicals associated with the goal of ensuring energy security and improving the Group's competitiveness in the period 2026 - 2030.
Investment attraction and international cooperation expansion activities are also being promoted by Petrovietnam. Revenue from international business in the first 6 months of 2026 is estimated at 97.8 trillion VND, equal to 65.5% of the annual plan.
Chairman of Petrovietnam's Member Council Le Ngoc Son shared that Petrovietnam clearly recognizes that the results of the first 6 months of the year are very encouraging, but it is only a prerequisite, Petrovietnam's biggest problem in the last 6 months of the year is not only "what to do", but "how to do it to have specific results"; not only determination, but implementation discipline; not only action programs, but products, cash flow, project progress and efficiency of using state capital.
In that spirit, Chairman of Petrovietnam Member Council Le Ngoc Son oriented key solutions and affirmed: In the last 6 months of the year, the Group will "turn the policy into an action program, turn targets into specific products, turn resources into growth, turn commitments into measurable results"; and act in the true spirit of the 8 golden words awarded by the General Secretary "Pioneering - Outstanding - Sustainable - Global".
Also at the conference, Party organizations and Petrovietnam Party members were awarded Certificates of Merit from the Party Committee of the Government for excellently completing tasks for 5 consecutive years.
Some outstanding business production results in the first 6 months of Petrovietnam:
- Total revenue of Petrovietnam is estimated at VND 734.7 trillion, an increase of 49% compared to the same period;
- Consolidated revenue is estimated at 445.4 trillion VND, exceeding the plan by 22%, an increase of 39% compared to the same period;
- The total budget contribution of the Group is estimated at 88.9 trillion VND, an increase of 27% compared to the same period.
- Increase reserves to 8.3 million tons of oil equivalent, equal to 55.3% of the annual plan;
- Crude oil production reached 5.5 million tons, an increase of 14.2% compared to the same period.
- Electricity output reached 20.46 billion kWh, an increase of 23.1% compared to the same period;
- Petroleum production reached 8.51 million tons, an increase of 5% compared to the same period;
