To restore PETROCONS' production and business operations to be a financially sound enterprise, gradually affirming its brand and reputation in the field of construction and installation. PETROCONS is looking for partners with in-depth experience in the field of business restructuring consulting to help PETROCONS build a development strategy, overall restructuring plan as well as a roadmap for implementation to ensure feasibility and efficiency.
PETROCONS operates under a joint-stock company model in which Vietnam National Industry - Energy Group (Petrovietnam) owns 54.47% of capital. Currently, PETROCONS has capital contributions in 25 member units, including 07 controlling units, 11 affiliated companies, 07 financial investment units.
The total value of capital contribution investment is 2, 305.55 billion VND, of which: Contributing capital to 07 subsidiaries: 1, 384.91 billion VND; Contributing capital to 11 affiliated companies: 735.45 billion VND; Contributing capital to 07 financial investment units: 185.19 billion VND;
Currently, PETROCONS' available financial resources include: Cash and cash equivalents including short-term and long-term deposits are 1,084 billion VND; PETROCONS has signed credit contract No. 02/2025/2084729/HDTD with Vietnam Bank for Investment and Development (BIDV) with a regular credit level with a maximum amount of: 1,200 billion VND including both Vietnamese Dong and foreign currency converted to serve production and business needs.
From 2025 to now, PETROCONS's actual cash flow from projects is sufficient to cover the management costs of the parent company, averaging about 50 billion VND/year.
PETROCONS is a key unit with a long history in the Oil and Gas construction industry, with experience as EPC General Contractor for power plants, gas plants, pipelines, oil and gas storage facilities, and civil infrastructure.
Typical projects PETROCONS and member units have directly constructed: Thi Vai LPG Storage, Vung Ang I Thermal Power Plant, Thai Binh 2 Thermal Power Plant, Nghi Son NMLHD, DK1 oil rig platform base projects, Bach Ho - Ba Ria gas pipeline, Petroleum Finance Center, Petroleum Institute Office, Phu My Hung Petroleum Building,... and many other key projects.
Having gone through many ups and downs due to many subjective and objective factors, PETROCONS and its member units once had a period when they could not participate in bidding themselves due to limitations in financial capacity, construction capacity and legal prestige barriers left over from the 2016-2018 period.
However, in the years from 2021 to 2025, PETROCONS and its member units have gradually restored their bidding participation capacity in both direct and joint venture aspects.
Accordingly, the entire Corporation has signed many construction contracts with a total value of over 6,217.55 billion VND. In which, the parent company successfully participated in bidding for 17 bidding packages inside and outside the industry with a total work value of PetroCons of 607.37 billion VND.
Member units signed over 133 contracts/contract appendices; Typically, PVC-MS, in 2025, the unit won the bidding package to manufacture 4 bases and Topside for the investor MDL (India) with a value of VND 3.09 billion.
In the first 5 months of 2026, PETROCONS participated in 30 bidding packages, which were selected by the Investor/Bidding Entity and signed 03 contracts. In addition, resources from the member unit ecosystem of PETROCONS have formed a system of member units with diverse production and business lines: industrial construction and installation specializing in oil and gas, civil, infrastructure, commercial business, warehouse and port systems,... which can complement each other in the bidding process and project implementation.
Consulting businesses can research and learn information about PETROCONS and send letters of interest to perform the above tasks together with PETROCONS' capacity profiles until the end of June 30, 2026.
Interested dossiers and related issues that need to be clarified/supplemented, please contact your partner according to the following information: Vietnam Oil and Gas Construction Joint Stock Corporation; 14th Floor, Petroleum Institute Building, No. 167 Trung Kinh, Yen Hoa Ward, Hanoi City. Head in charge: Mr. Tran Ngoc Lam - Head of Investment Planning and Restructuring Department. Phone number: 0988. 779. 933.
