Illustrative image (Photo: VNA) Hanoi (VNA) – The Vietnam Oiland Gas Group (PetroVietnam) has been developing and perfectingappropriate and effective solutions, and coordinating with socio-politicalorganisations inpromoting digital transformation in all its subsidiaries.
Under a resolution on implementing digital transformation in the group to 2025,with a vision to 2030 issued in February this year, PetroVietnam has determined the digital transformation work as amust to increase productivity, quality, efficiency and competitiveness.
Digital transformation is seen as astrategic task of PetroVietnam, and is especially important for businesses andunits of the group.
The work is hoped to help the firm promote innovation and improve businessperformance and competitiveness, as well as its leading position in the oil and gas industry, thus contributing to building the country’s digital economy.
However, digitaltransformation also poses great requirements related to changing business culture,demanding the firm to reshape business and development strategies; reposition thesupply chain; re-connect with its customersacross the digital business platform and restructure its organisationalstructure to accommodate the new business platform.
Additionally, itis necessary to ensure network safety and security in the process of digitaltransformation in order to develop, manage, exploit, protect and effectivelyuse digital database in sync with the strategy and organisational structure ofthe group.
According to the group, digital transformation poses challenges to Petrovietnam's existing business model butalso created new drivers for its growth. Therefore, the synchnourous implementationof the work in all businesses and unitsof the group is the goal that PetroVietnam needs to achieve by 2030.
The governance of the digitalecosystem "PVNDigiEcoSystem" requires the company to gradually change business culture and give its employees with new skills, towards achieving long-term goals of improving production and business efficiency and bringing added value to customers.
The improvement of PetroVietnam'sdigital ecosystem governance is expected to help the group uphold the leading role in the oil and gas industry,contributing to successfully implementing the national digital transformation programme, and building a digital society and digitalgovernment.
Despite difficulties in the first half of this year, PetroVietnam managed toincrease its production, contributing to ensuring national energy security.
Itpumped 5.48 million tꦡonnes of crude oil inthe period, surpassing the set target by 23%.
Meanwhile, gasoline production exceeded 14% of the plan,fertiliser production exceeded 8% of the plan, production and supply of gas,electricity and other energy products also reached a high level.
The group’s revenue in the period was estimated at 468.3 trillion VND (20billion USD), up 55% year-on-year and double the goal set for six months.
It contributed 66.1 trillion VND to the State budget, 2.2 times higher than thehalf-year plan and an increase of 41% compared to the same period last year.
The group has undertaken a series of measuresto maintain output and stable operation, including the application ofinformation technology and promoting digital transformation.
PetroVietnam has concentrated its resources in order to accelerate theprogress of investment projects and obtained positive results. TheSong Hau 1 Thermal Power Plant which is put into commercial operation on May 13is an example. On May 12, the Thai Binh 2 Thermal Power Plant Project wassuccessfully connected to the Unit 1 grid with oil, seven days ahead ofschedule.
In the se𝄹cond half of this year, PetroVietnam willcontinue updating, evaluatin🌱g and forecasting the macro-economic situation todevelop operation plans, solve difficulties and actively find solutions tomaintain the output, ensuring it is not lower than in 2021./.
