PM underlines key role of PetroVietnam in national energy security
The Vietnam Oil and Gas Group (PetroVietnam) should focus on digital transformation and energy transition, Prime Minister Pham Minh Chinh said while addressing the group's conference in Hanoi on January 10 to review its 2022 activities and launch tasks set for 2023.
PM Pham Minh Chinh listens to introduction about PetroVietnam's activities (Photo: VNA)
Hanoi (VNA)–The Vietnam Oil and Gas Group (PetroVietnam) should focus on digital transformation and energy transition, Prime MinisterPham Minh Chinh said while addressing the group's conference in Hanoi on January 10 to review its 2022 activities and launch tasks set for 2023.
He asked the group to safely and effectively operate oil and gas projects, striving to fulfill 2023 goals and making contributions to ensuring national energy security and meeting domestic demand for oil and gas, electricity and fertilisers.
PetroVietnam should also work closely with the Ministry of National Def꧋ence, Ministry of Foreign Affairs and Ministry of Public Security and concerned agencies to ensu🌃re national defence and economic security in oil and gas activities, the PM said.
Last year, PetroVietnam’scrude oil exploitation hit a record with 8.98 million tonnes, up 28% from thetarget. Its production and export of fertilisers reached 1.88 million tonnes and606,000 tonnes, respectively. Petrol production met about 75% of domesticdemand. With a total revenue of 931.2 trillion VND (40.4 billion USD), itsbefore-tax profit surpassed 82 trillion VND and State budget collection hit170.6 trillion VND, or about 9.6% of total revenues of the State budget.
PetroVietnam also putinto operation the Song Hau 1 and Thai Binh 2 power projects, accelerated theprogress of thermal and gas power projects and expanded the Dung Quat oil refinery.
This year, the groupsets goals of tapping 9.29 million tonnes of oil and 5.94-8.11 billion cu.mof gas, and producing 1.6 million tonnes of fertiliser and 24 billion kWh of electricity. It aims for revenues of 677.7 trillion VND and contributing 78.3 trillion VNDto the State budget.
At the 𝓡event, the PMand leaders of ministries and agencies also presented noble distinctions of theParty and State to PetroVietnam’s units and individuals in honour ofthei🍎r contributions to national development./.
The Vietnam Oil and Gas Group (PetroVietnam) continues to maintain the first place on the top 500 most profitable companies in Vietnam in 2022 (PROFIT500) for the fourth consecutive year.
A delegation of the Vietnam Oil and Gas Group (Petrovietnam) led by Chairman of Members' Council Hoang Quoc Vuong had a working session on November 7 with representatives from relevant agencies of Algeria to speed up the implementation of the second phase of a tripartite joint venture project at the Bir Seba field in the African country.
By the end of November, the Vietnam Oil and Gas Group (Petrovietnam) had completed all targets of finance and oil and gas exploitation and production in 2022 ahead of schedule, and set new records in revenue and pre-tax profit, according to its General Director Le Manh Hung.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
PM Pham Minh Chinh listens to introduction about PetroVietnam's activities (Photo: VNA) 
