The leading unit of Vietnam National Industries - Energy Group (Petrovietnam) has received absolute consensus and trust from shareholders after a record growth year in 2025 in the context of a volatile global energy market.
2025: Highest revenue in history, growth momentum is reshaped
2025 marks the milestone of 35 years of PV GAS's journey "Lighting up the country", and comprehensively completing the planned targets assigned by the General Meeting of Shareholders with many new records. Consolidated revenue reached nearly 137 trillion VND, equal to 185% of the plan, an increase of 30% compared to 2024 and contributing about 1.1% to Vietnam's GDP. Pre-tax profit reached nearly 14.4 trillion VND, equal to 216% of the plan, an increase of 9%; after-tax profit reached 11.6 trillion VND, equal to 218% of the plan, an increase of 9%. State budget contributions reached more than 7.5 trillion VND, reaching 213% of the plan.
Financial indicators continue to be positive, PV GAS was internationally credited by Fitch Ratings at "BB+" on November 24, 2025, reflecting operating efficiency and sustainable profitability in the context of the gas industry being affected by the decline in domestic gas sources, energy price fluctuations and increased competition.
PV GAS continues to play a key role in the gas industry, supplying fuel for about 6.3% of the national electricity output, 70% of nitrogenous fertilizer production and meeting about 70% of domestic LPG demand along with the Cambodian market.
In parallel with production and business activities, infrastructure investment is promoted with the parent company's total disbursement of more than 3 trillion VND. Notably, the Vung Ang LNG warehouse project and the PV GAS Hai Phong port warehouse project have been approved for investment policy, opening up new growth potential in the Northern region.
According to Mr. Pham Van Phong, Member of the Board of Directors, General Director of PV GAS, the positive results in 2025 come from three fundamental shifts. First, PV GAS shifted from a gas distribution model to an integrated gas energy business, expanding deeply into the entire gas and LNG value chain. Second, the business accelerated business and international trade activities, in which the business segment contributed more than 56% of total revenue. LPG/LNG business output exceeded 5 million tons, an increase of 65% compared to 2024; international business alone reached more than 3.3 million tons, an increase of 129%. Third, PV GAS promoted restructuring towards streamlining, improving management efficiency and cost control.
The change in the PM3-Ca Mau gas business model in the Southwest region is considered a strategic step to integrate the value chain from upstream to downstream, optimizing the efficiency of the entire gas ecosystem.
PV GAS also sets a target to be in the Top 30 largest enterprises in Southeast Asia according to Fortune Southeast Asia by 2030.
Year 2026: Maintaining growth momentum in the new energy cycle
In 2026, PV GAS sets a consolidated revenue target of about 142 trillion VND, pre-tax profit of 11.2 trillion VND and budget contribution of 4.5 trillion VND.
In the first quarter of 2026, consolidated revenue is estimated at 38,420 billion VND, equal to 147% of the same period; consolidated pre-tax profit reached 3,755 billion VND, equal to 110% of the same period, completing about 27-33% of the annual plan.
Mr. Nguyen Thanh Binh, Secretary of the Party Committee, Chairman of PV GAS's Board of Directors, said that in the context of the energy market continuing to fluctuate, PV GAS will promote the development of gas industry infrastructure, expand the international market, promote digital transformation, innovation and improve the content of technology in production and business activities.
In the next 5 years, especially the pivotal year 2026, PV GAS will implement a strategy of putting production operations at the center, investing as a foundation and expanding markets, in which the international market plays a driving force for growth.
Shareholders believe in PV GAS's LNG development strategy, infrastructure investment and governance orientations.
At the General Meeting, many shareholders highly appreciated PV GAS's operating capacity in the context of the global energy market being affected by geopolitical tensions.
The issues of concern focused on LNG strategy, development of new gas sources, progress of key projects such as Block B - O Mon, Son My LNG, North Central region LNG warehouse, Hai Phong PV GAS port warehouse and increasing capacity of Thi Vai LNG warehouse.
PV GAS leaders affirmed that the enterprise will continue to expand LNG infrastructure, ensure energy supply and improve management efficiency to create a foundation for long-term sustainable growth.
Petrovietnam assesses that PV GAS currently contributes about 20% of revenue and 23% of total Group profit. In the context of LNG becoming an increasingly important transitional energy source, PV GAS is assessed to have many advantages to expand its scale and enhance its position in the Southeast Asian energy chain.
PV GAS distributes dividends for 2025 at a rate of 25%, consolidating the management apparatus
The General Meeting of Shareholders approved the plan to pay cash dividends for 2025 at a rate of 25%, equivalent to about 6,032 billion VND.
The General Meeting also approved the dismissal of a number of members of the Board of Directors, the Supervisory Board and the election of new personnel to consolidate the management apparatus.
With a solid financial foundation, well-invested infrastructure and a clear long-term development strategy, PV GAS is expected to continue to play a pioneering role in Vietnam's gas industry and enhance its position on the regional energy map.
