The Vietnam Oil and Gas Group (Petrovietnam) on April 9 officially announced its transformation into the Vietnam National Industry - Energy Group with the same abbreviated English name of Petrovietnam, marking a pivotal step in its strategic evolution.

Vietnam and Japan signed a landmark 25-year production sharing contract (PSC) for oil and gas exploration in Block 15-2 of Cuu Long basin in Vietnam’s southern waters on March 31.

PVI Insurance Corporation has once again affirmed its position as the leading non-life insurer in Vietnam after being awarded an A- (Excellent) financial strength rating by global credit rating agency AM Best for the third consecutive year.

Following the National Assembly’s approval of a resolution on special mechanisms and policies for the Ninh Thuan nuclear power project on February 19, the Vietnam Oil and Gas Group (Petrovietnam) is taking drastic actions to implement the Ninh Thuan 2 nuclear power plant project.

The Vietnam Oil and Gas Group (Petrovietnam) has exceeded its business and financial targets in January by maintaining stable, safe, and continuous operations while ensuring the supply of essential products for socio-economic development.

The Nhon Trach 3 power plant, Vietnam’s first LNG-fuelled power plant, was connected to the national grid on February 5, generating 50 MW of electricity.

Petrovietnam Ca Mau Fertiliser Joint Stock Company (PVCFC) has exported 100,000 tonnes of urea in the first days of the Year of the Snake 2025.

Building a strong brand continues to play a pivotal role in enabling businesses to recover swiftly and grow sustainably in the future, said Vu Dang Vinh, CEO of Vietnam Report JSC, during a ceremony held on January 8 to announce the country’s top 500 largest enterprises in 2024.

Prime Minister Pham Minh Chinh on December 1 asked the Vietnam Oil and Gas Group (Petrovietnam) to accelerate technology transfer for wind turbine and blade production by 2026, ultimately achieving full technology mastery for offshore wind energy development.

The Vietnam Oil and Gas Group (Petrovietnam) is taking strong measures to earn VND1 quadrillion (US$39.4 billion) in revenue this year.