📋 Tender Overview
Not only does it play an important role in ensuring energy security, the development and scale expansion of the Vietnam National Energy-Industry Group (Petrovietnam) is also decisive for the high growth target of the economy. Download Su Tu Trang condensate oil and gas exploitation platform located in the Su Tu field cluster. The double-digit economic growth target is being set as a strategic requirement for Vietnam in the new development period. To realize this goal, in addition to traditional drivers such as export, investment and consumption, there needs to be strong contributions from key state-owned economic groups, especially Petrovietnam - an enterprise that plays an important role in ensuring energy security, developing foundation industries and generating revenue for the national budget. Petrovietnam is not simply an oil and gas exploitation enterprise. The Group has developed into a relatively complete industrial-energy ecosystem, including oil and gas exploration and exploitation, gas industry, petrochemical refining, electricity, oil and gas technical services and recently new energy fields. With a large scale of assets, annual revenue accounting for a significant proportion of GDP and budget contributions among the leading groups in the country, every step of Petrovietnams development has a pervasive impact on many other economic sectors. In the context of the economy moving towards a higher growth rate, Petrovietnams first role is to ensure a stable energy supply for production and life. Reality shows that economic growth and energy demand growth always have a close relationship. As major hydropower sources have nearly exploited their full potential, many coal-fired power plants face environmental pressure and fuel sources, natural gas and new forms of energy are becoming important options for the transition period. This is the field in which Petrovietnam has outstanding advantages and capabilities. Accelerating the progress of key projects such as the Block B - O Mon gas-electricity chain or LNG infrastructure projects not only helps supplement energy sources for the economy but also creates motivation for investment growth, supporting industry development and attracting social capital. Each large-scale oil and gas project often involves the participation of hundreds of businesses in the fields of construction, mechanics, transportation, finance and technical services, thereby creating a widespread spillover effect. Another aspect that cannot be overlooked is Petrovietnams role in ensuring national energy security. In the context of strong fluctuations in the world energy market due to geopolitical conflicts, strategic competition and the global energy transition process, being proactive in domestic supply is especially important. Energy security is not only a story of enough electricity or enough fuel, but also a prerequisite for maintaining sustainable economic growth and improving national competitiveness. In this perspective, Petrovietnam is demonstrating a pioneering role with a move into new fields such as LNG, gas power, hydrogen and renewable energy... Early participation in these fields not only helps diversify operations but also creates conditions for the group to play a leading role in forming models. Multi-energy integration. Conclusion No. 76-KL/TW dated April 24, 2024 of the Politburo on the implementation of Resolution No. 41; Resolution No. 70-NQ/TW dated August 20, 2025 of the Politburo on ensuring national energy security to 2030, vision to 2045...; or the decision to change its name to Vietnam National Energy-Industry Group has opened up new space for the group to participate more deeply in fields such as offshore wind power, green hydrogen production, carbon capture and storage (CCS/CCUS), as well as developing marine energy value chains. This is not only a requirement to adapt to global trends but also an opportunity to form new growth engines for the economy in the future. Download Gas - Electricity Project Chain Block B - O Mon According to Dr. Vo Tri Thanh, Director of the Institute for Brand Strategy and Competitiveness Research, in the period 2026-2030, Petrovietnam needs to be recognized as an accompanying force in building the country. This means that the Group needs to assert more of its role in proactively participating in building and perfecting policies and institutions. Improving institutional quality in the field of energy and fundamental industries will help free up resources that are still stuck in bottlenecks. Petrovietnam, with its international management experience, has the responsibility to lead other Vietnamese businesses to follow the trend of digitalization and greening, said Dr. Vo Tri Thanh. Sharing this opinion, Dr. Le Xuan Nghia, Director of the Institute of Development Consulting, said: With revenue accounting for about 9%-10% of GDP, Petrovietnams growth is decisive to the high growth target of the economy. Therefore, he pointed out, human resources and talent are the most valuable resources for Petrovietnam to master technology and make breakthroughs, creating a solid fulcrum for the goal of second growth.national figure. However, for Petrovietnam to fully promote its role, it is necessary to continue to improve mechanisms and policies in the direction of giving businesses more proactive rights in investment, management and implementation of strategic projects. The characteristics of the oil and gas industry are long investment cycles, high risks and requiring quick decisions. If bottlenecks in procedures, financial and investment mechanisms are not resolved in a timely manner, many development opportunities may be missed. Vietnams double-digit growth target requires the resonance of many new and old drivers. In that picture, Petrovietnam is not only a large state-owned enterprise but also a pillar of energy security, an industrial locomotive and an important force in the green transition process. Effectively exploiting P
