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VIETNAM NATIONAL INDUSTRY – ENERGY GROUP

Active

Business ID 0100681592

84-24 / 3825 2526

VIETNAM NATIONAL INDUSTRY – ENERGY GROUP

Active

Business ID 0100681592

84-24 / 3825 2526

VIETNAM NATIONAL INDUSTRY – ENERGY GROUP

Active

Summary

Name:

VIETNAM NATIONAL INDUSTRY – ENERGY GROUP

Business ID (TIN):

0100681592

Date of Registration:

01 Jul 2010

Registered Office:

Ha Noi City Department of Finance

Payment History:

Click to view

Address:

No. 18, Lang Ha Street, Giang Vo Ward, Ha Noi City, Vietnam

Phone:

84-24 / 3825 2526

Fax:

(84-24) 3826 5942

Financial Statement:

2020, 2021, 2022, 2023, 2024

PETROVIETNAM - TẬP ĐOÀN DẦU KHÍ VIỆT NAM : A Key Player in Vietnam’s Energy Sector

Vietnam Oil and Gas Group (Petrovietnam - PVN) is Vietnam’s largest state-owned enterprise in the energy sector, playing a crucial role in oil and gas exploration, production, refining, and distribution. In 1975, PVN became a multibillion-dollar corporation, ensuring Vietnam’s energy security and economic stability.

With total assets of VND 534.79 trillion (approximately USD 21 billion) as of June 2024, PVN is a key player in Vietnam’s industrial landscape, directly impacting GDP growth, employment, and national energy policy. However, recent financial data shows a significant decline in revenue and profits, raising concerns about risk management and the need for business verification services to assess its long-term financial stability.

PetroVietNam's Business Operations and Market Influence

PVN operates throughout the entire oil and gas value chain, from upstream exploration to downstream refining and petrochemical production. Key subsidiaries include Petrovietnam Exploration Production Corporation (PVEP), which specializes in oil and gas extraction, and Petrovietnam Gas Corporation (PV Gas), responsible for Vietnam’s natural gas supply and distribution. The group also oversees major refineries such as Dung Quất and Nghi Sơn, ensuring domestic fuel supply and export capability. Given its complex supply chain and extensive partnerships, businesses working with PVN must rely on accurate company reports, financial data, and business verification services to ensure regulatory compliance and secure transactions.

Financial Challenges and Market Risks

Despite its massive presence, PVN faces growing financial and operational challenges. The company’s total sales dropped from VND 195.69 trillion in 2022 to VND 187.61 trillion in 2023, while profit after tax plunged from VND 20.37 trillion to just VND 4.71 trillion in mid-2024. These declines are driven by volatile global oil prices, rising operational costs, and domestic economic pressures. Additionally, regulatory constraints and environmental policies are forcing PVN to invest heavily in cleaner energy solutions, which increases capital expenditure and financial risk. Understanding these risks through business information analysis and risk management assessments is essential for investors and industry stakeholders.

Transitioning to Renewable Energy and LNG

To counteract declining profitability, PVN is expanding its investment in renewable energy and liquefied natural gas (LNG). The company has initiated projects in offshore wind energy, hydrogen production, and solar power, aligning with Vietnam’s goal of achieving net-zero emissions by 2050. However, these projects require significant financial resources, making detailed company reports and business verification services critical for assessing investment feasibility and operational risks. Without accurate financial data and risk assessments, investors may struggle to gauge the long-term sustainability of PVN’s diversification efforts.

Geopolitical and Supply Chain Risks

Another challenge PVN faces is geopolitical uncertainty and supply chain disruptions. Tensions in the South China Sea could impact offshore exploration and oil drilling projects, leading to potential production losses and increased operational risks. Additionally, rising global competition in the energy market means PVN must modernize its infrastructure and improve efficiency to remain competitive. Companies working with PVN should utilize business verification services and financial data reports to ensure reliable partnerships and mitigate potential investment risks.

Future Outlook and Strategic Investments

Looking ahead, PVN’s strategic initiatives will determine its role in Vietnam’s energy future. Expanding refining capacity at Dung Quất and Nghi Sơn, developing new LNG infrastructure, and investing in renewable energy projects could stabilize the company’s long-term growth trajectory. However, maintaining financial transparency and robust risk management strategies will be crucial to securing domestic and international partnerships. Businesses and investors must rely on comprehensive company reports, accurate business information, and risk assessment tools to navigate Vietnam’s evolving energy sector.

Conclusion: Balancing Growth and Sustainability

Despite its financial challenges, PVN remains Vietnam’s dominant energy corporation, shaping the country’s economic stability and energy transition strategy. As Vietnam continues to push for sustainable energy development, companies engaging with PVN should prioritize financial data analysis, business verification services, and risk management solutions to make well-informed investment decisions.

Legal Profile

English Name:

VIETNAM NATIONAL INDUSTRY – ENERGY GROUP

Vietnamese Name:

TẬP ĐOÀN CÔNG NGHIỆP - NĂNG LƯỢNG QUỐC GIA VIỆT NAM

Short Name:

PETROVIETNAM

Business ID (TIN):

0100681592

Date of Registration:

01 Jul 2010

Registered Office:

Ha Noi City Department of Finance

Ownership Status:

State-owned

Operation Status:

Active

Contacts

Key Decision Makers:

+ LE M.H

+ LE N.S

+ LE M.C

+ LE X.H

+ DO C.T

+ DUONG M.S

+ PHAN T.G

Address:

No. 18, Lang Ha Street, Giang Vo Ward, Ha Noi City, Vietnam

Phone:

84-24 / 3825 2526

Fax:

(84-24) 3826 5942

Representative office:

No. 46, Truong Dinh P.07, Xuan Hoa Ward, Ho Chi Minh City, Vietnam

Other:

Nghi Son Economic Area, Truc Lam Ward, Thanh Hoa Province, Vietnam

Other:

Lot D, Ngo Quyen Industrial Park, An Xuyen Ward, Ca Mau Province, Vietnam

Branch:

VIC1 09, Saigon - Ba Son Complex Center, No. 02, Ton Duc Thang Street, Sai Gon Ward, Ho Chi Minh City, Vietnam

Other:

No. 208, Hung Vuong Avenue, Nghia Lo Ward, Quang Ngai Province, Vietnam

Other:

No. 04, Ton That Tung Street, Van Mieu - Quoc Tu Giam Ward, Ha Noi City, Vietnam

Other:

No. 80, Nguyen Du Street, Cua Nam Ward, Ha Noi City, Vietnam

Branch:

3rd Floor, PetroVietNam Building, No. 1-5, Le Duan Street, Sai Gon Ward, Ho Chi Minh City, Vietnam

Other:

Thanh Duc Hamlet, Dai Ngai Commune, Can Tho City, Vietnam

Other:

Vinh Son Village, Phu Trach Commune, Quang Tri Province, Vietnam

Business Sector

Key business lines:

VSIC:

0910 Support activities for petroleum and natural gas extraction

NACE:

09.10 Support activities for petroleum and natural gas extraction

NAICS:

213112 Support Activities for Oil and Gas Operations

Industry Sales Growth

CAGR (2019 - 2023)

-15.09%

YoY (2023)

-2.77%

Companies by industry

Company distribution and propportions

177

0.0061%

Key Industry Players

Top 10 companies in support activities for petroleum and natural gas extraction industry

petrovietnam exploration production corporation limited petro vietnam technical services corporation vietnam national industry – energy group petrovietnam drilling & well service corporation ptsc offshore services joint stock company pv drilling – baker hughes well technical services joint venture company limited ptsc production services joint stock company petroleum well logging company limited thien nam offshore services joint stock company 128 one member limited liability company

Payment History

Payment History: Click to view

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Financial Performance

Assets	-61.52%
Owner’s Equity	39.48%
Working Capital	17.78%
Net Worth	29.83%
Sales	14.97%
Operating income	-88.86%
EBIT	-67.47%
Gross Profit Margin	28.46%
Debt to EBITDA	-11.54%

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Specific Questions About VIETNAM NATIONAL INDUSTRY – ENERGY GROUP

When did VIETNAM NATIONAL INDUSTRY – ENERGY GROUP start operating?

VIETNAM NATIONAL INDUSTRY – ENERGY GROUP was started in 01 Jul 2010

What industry does VIETNAM NATIONAL INDUSTRY – ENERGY GROUP operate in?

VIETNAM NATIONAL INDUSTRY – ENERGY GROUP is operating in "Support activities for petroleum and natural gas extraction" industry

How can I contact VIETNAM NATIONAL INDUSTRY – ENERGY GROUP?

VIETNAM NATIONAL INDUSTRY – ENERGY GROUP phone numbers is 84-24 / 3825 2526

What adverse news is there about VIETNAM NATIONAL INDUSTRY – ENERGY GROUP?

VIETNAM NATIONAL INDUSTRY – ENERGY GROUP’s has 5 bad news

What is stock symbol of VIETNAM NATIONAL INDUSTRY – ENERGY GROUP?

VIETNAM NATIONAL INDUSTRY – ENERGY GROUP is not listed company

Where is the location of VIETNAM NATIONAL INDUSTRY – ENERGY GROUP?

VIETNAM NATIONAL INDUSTRY – ENERGY GROUP is located at No. 18, Lang Ha Street, Giang Vo Ward, Ha Noi City, Vietnam

What is VIETNAM NATIONAL INDUSTRY – ENERGY GROUP’s business registration?

VIETNAM NATIONAL INDUSTRY – ENERGY GROUP business registration is 0100681592

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