PVN has exceeded the plan for the first 6 months

PVN has exceeded the plan for the first 6 months - 

Ending the first 6 months of 2019, Vietnam Oil and Gas Group (PVN) has basically completed the set targets and plans and continues to improve the restructuring, enhance labor productivity and competitiveness, and ensure the social security and welfare.

All the units of PVN kept the normal tempo of production and business to exceed the set targets and plans for the first 6 months as:

The search, exploration and exploitation activities were implemented according to the plan; electricity generation reached 11.52 billion kWh, exceeding the plan for 246 million kWh (2.2%); nitrogen fertilizer production reached more than 705.8 thousand tons, exceeding 71 thousand tons (11.2%); petroleum production reached 5.66 million tons, exceeding 48 thousand tons (0.9%).

The total turnover of PVN was 365.5 thousand billion VND exceeding the 6-month plan for 18% and equal to 60% of the year plan. The payment to state budget reached 53.5 thousand billion VND exceeding the 6-month plan for 16% and equal to 61% of the year plan.

The capital preservation rate was guaranteed and developed until June 30, 2019 (CSH capital was 470 thousand billion VND at 30/6/2019 compared to 465.5 thousand billion VND at 1/1/2019)


1. Oil and gas stock transaction was actively implemented in the first 6 months.

2. Vietnam Forbes has just announced the list of 50 best put up companies in Vietnam in 2019 including many PVN companies as: PVGAS, PVT, POW, DPM, PVI.

3. With a transaction connection of 16 banks by the technology of reading QR Code, PVOIL is the second enterprise of Vietnam to implement "online" electronic payment for customers.

4. Dung Quat Oil Refinery, Binh Son Refinery and Petrochemical Joint Stock Company received the title of Top 10 "Green Friendly Plants" and Top 20 "Environmental friendly products".

5. PVN responded the "Anti-plastic waste" movement, changing behaviors, habits of using nylon bags, difficultly disintegrate and disposable plastic products with a slogan "For a green and clean world with no plastic waste".

6. In the visit to Russian Federation, the Prime Minister Nguyen Xuan Phuc and Russian Prime Minister D.A. Medvedev affirmed that energy is one of the important backbones of Vietnam-Russia cooperation.

7. Veteran Association, Vietnam Oil and Gas Union, units of PVN continued to carry out many meaningful and social welfare activities, handing over the houses "Teammate Love", "Union warm home" in many localities.

8. PVN when making a preliminary summing up of 3 years for implementing Politburo Directive 05-CT/TW on "Continuing to promote learning and following ideology, morality and style of President Ho Chi Minh", praised and spread good values from the examples in production and implementing Directive 05-CT/TW.

9. PVN organized many activities towards the 60th anniversary of Vietnam Oil and Gas industry (July 23, 1959 - July 23, 2019) to implement Uncle Ho wish.

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