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Building Petrovietnam into a national energy industry group

Báo An ninh Thủ đôBáo An ninh Thủ đô20/08/2023


ANTD.VN - Recently, the Vietnam National Oil and Gas Group (Petrovietnam) held the 2023 Conference of Managers and Representatives.

Attending the conference were comrade Ho Sy Hung - Vice Chairman of the State Capital Management Committee at Enterprises; along with leaders of the State Capital Management Committee, the Party Committee of the Central Enterprises Bloc.

At the conference, Petrovietnam General Director Le Manh Hung informed about the basis for building the development strategy of the Vietnam National Oil and Gas Group. That is based on major Resolutions of the Party and State such as Resolution No. 55, Resolution 36 and especially Resolution No. 41.

Building Petrovietnam into a national energy industry group photo 1

Conference overview.

After 7 years of implementing Resolution No. 41 of the Politburo on Petrovietnam's development strategy, a number of groups of issues have been resolved, including resolving challenges, difficulties and taking advantage of opportunities through focusing resources; identifying and locating core issues; actively innovating business models, identifying new products, and key products of the Group; focusing on improving operations and creating competitiveness in the following years; actively promoting and effectively performing the role of the country's economic locomotive; actively coordinating with the Ministry of National Defense and relevant ministries and branches to participate in protecting national sovereignty and borders.

During that period, Petrovietnam encountered many difficulties in implementing the tasks of Resolution 41, such as having to cope with two periods of declining oil prices; the situation in the East Sea had many complex fluctuations; mechanisms and policies related to the oil and gas industry still had many shortcomings; oil and gas reserves and potential were not as expected; the handover of some weak projects from other units caused difficulties for Petrovietnam in management and resource allocation...

Building Petrovietnam into a national energy industry group photo 2

Comrade Hoang Quoc Vuong - Party Secretary, Chairman of the Board of Directors of Petrovietnam spoke at the conference.

Overcoming these difficulties, Petrovietnam successfully carried out the tasks assigned by the Party and the State, identifying the goals and core values ​​to build and develop the Vietnam National Oil and Gas Group in the future. “Building and developing the Vietnam National Oil and Gas Group into a leading energy industry group in the country and region; having a core position and role in ensuring national energy security - that is the orientation and goal in the coming time of Petrovietnam”, General Director Le Manh Hung emphasized.

To achieve that goal, General Director Le Manh Hung has proposed 8 groups of solutions for the entire Group to implement. One is to manage human resources well. Two is to focus on promoting the synchronous completion of institutions and mechanisms. Three is to develop corporate governance. Four is to actively transform digitally. Five is to promote science and technology. Six is ​​to focus on expanding and integrating in market expansion and increasing market share for key products. Seven is to focus on optimizing investment and finance. Eight is to promote the building of corporate culture.

Building Petrovietnam into a national energy industry group photo 3

Representatives of professional boards and leaders of units presented papers at the conference.

At the conference, Mr. Le Ngoc Son - Deputy General Director of Petrovietnam presented the topic on new points of the Petroleum Law 2022, Decree No. 45/2023/ND-CP; assessed the impact of these changes on the Group's operations; and at the same time oriented the amendment, supplementation and promulgation of internal regulations of the Group. The promulgation of the Petroleum Law 2022 and Decree 45 has formed a completely new legal framework for petroleum activities in the upstream sector after 30 years of implementing petroleum activities under the provisions of the Petroleum Law first issued in 1993.

Comrade Duong Manh Son - Deputy General Director of Petrovietnam also presented the production and business situation of the Group in the past time. Specifically, although the world and domestic economic situation is extremely difficult, the energy market has decreased sharply compared to the same period and the trend of the following month is decreasing compared to the previous months, but thanks to the determination and efficiency in management and operation, Petrovietnam has maintained safe and stable production and business activities, achieved high results, and grown over the months, making important contributions to the economy, supporting the country's GDP growth, as well as contributing to ensuring national energy security.

Comrade Pham Xuan Canh - Standing Deputy Secretary of the Party Committee, Member of the Board of Directors of Petrovietnam disseminated and thoroughly implemented new regulations of the Party, State laws and Petrovietnam on personnel work and representative management.

Petrovietnam's professional boards and member units also presented many papers on mechanisms and policies for the Group's representatives at the unit; renewable energy development policy; projects to upgrade and expand existing oil refineries, gasoline and crude oil storage facilities; digital transformation in production and business at the unit, etc.

Directing at the Conference, Comrade Ho Sy Hung - Vice Chairman of the State Capital Management Committee at Enterprises highly appreciated Petrovietnam for its ability to overcome difficulties, its economic and budgetary contributions to the country and ensuring national energy security; affirming its role as one of the largest and most important economic groups for the country. Comrade Ho Sy Hung noted that in the coming time, Petrovietnam needs to focus highly on investing in large projects and renewable energy development strategies.

Concluding the Conference, Comrade Hoang Quoc Vuong - Party Secretary, Chairman of the Board of Directors of Petrovietnam shared that in the coming time, Petrovietnam needs to improve the management and operation capacity of the management staff and representatives of the Group at the units, accompanying the team of Representatives to bring optimal efficiency to the unit and the State. At the same time, strengthen relationships, exchange experiences, learn from each other, continue to overcome difficulties and challenges and achieve better and more sustainable results, bringing the unit to greater success in the journey ahead.



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