On June 23 in Hanoi, the Party Committee of the Vietnam National Oil and Gas Group held a Mid-term Review Conference on the implementation of the Resolution of the 13th National Party Congress, the Resolution of the 3rd Congress of the Party Committee of the Central Enterprises Bloc and the Resolution of the 3rd Congress of the Party Committee of the Vietnam National Oil and Gas Group, term 2020 - 2025.
Conference overview.
In the period of 2020 - 2023, the world economy and politics are complicated, directly affecting the operations of PVN. Not only that, PVN also has to face severe difficulties: The rapid and strong energy transition trend has affected the gas field development plan and gas mobilization, low electricity production; Large oil and gas fields in traditional areas that have passed the period of stable exploitation are on the decline of natural output; the blocks/fields received from foreign contractors do not have an operating mechanism.
Mr. Tran Quang Dung - Member of the Party Committee Standing Committee, Head of the Party Committee's Propaganda Department, Head of the Department of Information and Culture presented a report at the conference.
In that context, the Party Committee of the Group promoted its comprehensive leadership role, creating impressive achievements such as synchronously implementing effective and flexible management and operation solutions, especially fluctuation management, promoting the effectiveness of the industry-wide value chain ecosystem, which was vigorously deployed throughout the difficult years due to the COVID-19 pandemic and abnormal oil price fluctuations.
Mr. Le Manh Hung, Deputy Secretary of the Party Committee and General Director of the Group spoke at the conference.
Thereby, Petrovietnam can forecast accurately, respond promptly and flexibly, utilize and promote resources effectively in the value chain to minimize damage from negative impacts, take advantage of market opportunities, maintain stable, smooth and highly effective production and business activities.
Mr. Pham Xuan Canh - Permanent Deputy Secretary, Member of the Board of Directors of the Group spoke at the conference.
In particular, in the context of the COVID-19 outbreak, oil prices dropped sharply, at times reaching negative levels, many international oil and gas corporations and companies suffered losses, had to cut staff, and even went bankrupt, Petrovietnam still maintained its production and business pace, making important contributions to the economy.
Mr. Bui Minh Tien - Member of the Standing Committee, Member of the Board of Directors of the Group spoke at the conference.
Thanks to that, in 2020, the group spectacularly achieved the dual goal in the "dual crisis"; in 2021 - growth recovery; in 2022, all tasks and targets of the entire group increased significantly compared to before the pandemic (2019), which is the driving force for growth, a lesson learned, and a spreading belief for Petrovietnam to develop sustainably.
Mr. Nguyen Duc Phong - Standing Deputy Secretary of the Party Committee of the Central Enterprises Bloc gave a speech at the conference.
The Group has performed well as a pillar of the country's economy; contributing over hundreds of thousands of billions of VND with an average proportion of over 8% of the total state budget revenue. The Group's main products are crude oil, gasoline, natural gas, liquefied gas, electricity, fertilizer... accounting for a large proportion, contributing significantly to the country's socio-economic development, contributing to stabilizing the macro-economy, stabilizing the market, and increasing export turnover.
The work of handling the existing problems of 5 weak and difficult projects/enterprises was seriously and effectively implemented, such as reviving slow-progressing projects (Song Hau 1 and Thai Binh 2 Thermal Power Plants), putting them into stable and effective operation.
Mr. Hoang Quoc Vuong - Party Secretary, Chairman of the Board of Directors of the Group delivered a concluding speech at the conference.
The Group proactively follows the competent authorities to promptly resolve difficulties in mechanisms and policies, and promote institutional improvement. Party organizations at all levels in the entire Party Committee play a core leadership role, especially during the "double crisis" period. The Party Committee's leadership method is focused on innovation, focusing on reviewing and overcoming weaknesses in personnel work, creating positive changes and increasingly becoming disciplined.
Assessing the results of implementing tasks in the past half term, Mr. Le Manh Hung, Deputy Secretary of the Party Committee and General Director, emphasized that the entire group made great efforts to exceed many targets in the Resolution, with high growth.
Oil and Gas workers perform the flag salute ceremony on the PPD-40,000 rig.
Specifically, 10/12 targets were achieved and exceeded very high, including: Total revenue of the whole Group in the period of 2020-2022 reached 2,117 trillion VND, exceeding the plan by 25%, achieving a growth rate of 10-50%/year, exceeding the target set by the Resolution of the Congress (increasing by 3-5%/year).
The group's consolidated pre-tax profit for the 2020-2022 period reached VND 147.6 trillion, exceeding the plan by 210%, achieving a growth rate of 47 - 210%/year, far exceeding the target set by the Congress Resolution (increasing by 2-4%/year).
The average return on charter capital reached 12.9%/year, exceeding the target set by the Congress Resolution (8%/year). The total state budget contribution of the whole group in the 2020-2022 period reached 366.1 trillion VND, exceeding 75% of the plan, achieving a growth rate of 36-52%/year, exceeding the target set by the Congress Resolution (increasing by 2-4%/year).
The conference also listened to presentations, discussions, and assessments, thereby drawing lessons in leadership and direction; promoting the implementation of solutions, being more decisive in action, focusing on key contents that need leadership priority, striving for the entire Party to exceed the targets and tasks set by congresses at all levels.
Speaking at the conference, Mr. Nguyen Duc Phong, Standing Deputy Secretary of the Party Committee of the Central Enterprises Bloc acknowledged, commended and highly appreciated the results and successes of overcoming difficulties achieved by the Party Committee of the Vietnam National Oil and Gas Group in the past half term.
During the remaining term of 2020 - 2025, the Standing Deputy Secretary of the Party Committee of the Central Enterprises Bloc requested the Party Committee of the Group to continue to strive to exceed the assigned targets, develop an organizational plan, and restructure the apparatus appropriately and effectively.
Bao Anh
Useful
Emotion
Creative
Unique
Source
Comment (0)