New Milestone. New Vision. Sustainable Future

(PetroTimes) – With a strong determination to “renew from the core,” and aiming toward sustainable development goals in the future, Petrovietnam has officially adopted a new designation: Vietnam National Industry - Energy Group.

Conclusion 76-KL/TW dated April 24, 2024, issued by the Politburo regarding the implementation of Resolution No. 41 on the strategic development direction of Vietnam’s oil and gas industry, emphasized leveraging the oil and gas sector's advantages in developing renewable and new energy industries—such as offshore wind power for export, hydrogen production, and ammonia projects. It also clearly directed the transformation of Vietnam Oil and Gas Group into the Vietnam National Industry - Energy Group.

A New Milestone – A New Vision for Sustainable Development

Prime Minister Pham Minh Chinh listens to Petrovietnam’s leadership present the Group’s innovations and application of science and technology.

In alignment with global energy transition trends and to project a renewed image reflecting energy transition commitments, at the 2024 Year-End Conference and 2025 Planning Conference, Prime Minister Pham Minh Chinh and leaders of the Government and ministries officiated the transition of Vietnam Oil and Gas Group into the Vietnam National Industry - Energy Group (Petrovietnam).

In parallel, Petrovietnam has been actively developing a new strategic development roadmap, researching a new brand identity system, and completing all related legal procedures to operate under the new name. The Group has identified three strategic pillars: Energy – Industry – Services, with Energy as the core pillar.

A New Milestone – A New Vision for Sustainable Development

On behalf of the Prime Minister, Deputy Prime Minister Bui Thanh Son presents the decision to rename the Group.

Government and ministry leaders congratulate Petrovietnam’s leadership on this strategic transformation.

On April 9, 2025, the Prime Minister officially signed the decision to rename the Vietnam Oil and Gas Group to Vietnam National Industry - Energy Group (Petrovietnam). This new designation confirms that Petrovietnam is not merely a traditional oil and gas and energy corporation but is positioned as a central entity in Vietnam’s industrial, service, and national energy framework—with a mission to drive sustainable development, technological innovation, and national energy security.

Moreover, this rebranding aligns the Group’s operations with the Politburo’s strategic direction, global energy transition trends, and the Vietnamese Government’s Net Zero commitment by 2050.

Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son congratulated Petrovietnam on this major milestone during the Group’s 50th anniversary celebration. He emphasized that this renaming is more than just a name change—it reflects Petrovietnam’s continuous growth and strategic shift toward broader industrial and new energy sectors. He also expressed confidence in Petrovietnam’s capability to fulfill its new responsibilities in tandem with the nation’s development.

A New Milestone – A New Vision for Sustainable Development

Petrovietnam will now focus on three key pillars: Energy – Industry – Services

This transformation marks a historic milestone in Petrovietnam’s 50-year journey and follows 64 years of oil and gas tradition. It reflects the Group’s commitment to a strategic transformation, an evolved operating model, and a reaffirmation of its leading role as a state-owned enterprise in Vietnam’s industrial and energy sectors.

The new name signifies a renewed mission and forward-looking vision, highlighting Petrovietnam’s leadership in technological innovation, sustainable growth, and energy security, and its readiness to integrate into the global energy value chain.