Development Strategies
REPORT
In 2023, the global economy facesd a series of difficulties as high inflation, rising interest rates, low economic growth, geopolitical uncertainty and military conflict. Commercial investment movement has adjusted to adapt to current situation, together with sustainable growth, green and clean energy transition trend were becoming more visible and irreversible. To cope with challenges, Vietnam National Petroleum Group has drastically implemented many synchronous, flexible, and timely solutions in an effort to exceed planned level of production and business targets and to simultaneously fulfill the political task, stabilize the supply of domestic petroleum market, ensure national energy security and socio-economic development, and affirm our position as the leading petroleum enterprise.
Development targets
Petrolimex determines
that petroleum will continue
to be our core business
Maintain our position as the largest enterprise in the Vietnamese market in the downstream petroleum business
Improve business efficiency, increase revenue, and ensure stable profit growth, guarantee income and jobs for employees
Maintain, improve, renew, modernize and advance traditional petroleum business advantages
Continue to promote and effectively exploit the overall strength of the non-petroleum ecosystem
Green energy
transition
strategy
Aim to provide high quality petroleum products and gradually transition to lower emission energy sources
Deploy green and clean projects, and emission reduction projects
Comprehensive
digital transformation
Comprehensive digital transformation in management, administration, business direction, thorough digitalization of business processes
Apply advanced, smart technology in order to protect the environment, reduce carbon emissions, implement fire safety and prevention