PetroVietnam Oil Corporation’s message to workers on its 15th anniversary
Dear PVOIL officers, staff, and employees,
On the occasion of the 15th anniversary of the establishment of PetroVietnam Oil Corporation (06/06/2008 - 06/06/2023), the leadership of the corporation would like to extend warmest and sincerest congratulations to all PVOIL officers, employees, and workers.
This is a special occasion for PVOIL members to reflect on the voyage we have traveled together, to evaluate and acknowledge the remarkable accomplishments that have been built and nurtured by each individual and collectives within the Corporation.
PVOIL has become the powerful and formidable company it is today due to the commitment, tenacity, and cohesion exhibited by all of you over the past 15 years in carrying out your responsibilities in every position. PVOIL has become an industry leader in crude oil import-export, hydrocarbon product trading, distribution throughout Vietnam, and expansion into Singapore and Laos.
With great pride, the leadership of PetroVietnam Oil Corporation (PVOIL) is pleased to inform all PVOIL officers, employees, and workers of the achievements that PVOIL has made in the past 15 years: The company's capital ownership has exceeded 11 trillion VND; the workforce consists of over 6,000 employees working in 10 subsidiaries and 27 member units; the petroleum business is supported by a comprehensive infrastructure system, including nearly 1 million cubic meters of storage capacity equipped with synchronized technology, spanning from the North to the South; there are over 700 company-owned retail stations and 1,500 branded retail stations located in all 63 provinces and cities nationwide.
Throughout its operation, PVOIL has successfully and safely sold over 412 million tons of various types of crude oil. The annual petroleum trading volume has reached over 4 million cubic meters/tons, including nearly 1 million cubic meters/year in retail sales. In 2022, PVOIL's revenue exceeded 100 trillion VND for the first time, marking the remarkable development and growth of the company. These impressive figures are a vivid testament to the trust and preference that customers and the community have for the PVOIL brand.
In 2020, PVOIL was recognized by the prestigious Forbes magazine as one of the top 50 most reputable brands among thousands of brands across various industries in the Vietnamese market. During this period, PVOIL also successfully conducted an initial public offering (IPO) and transformed from a one-member limited liability company to a state-controlled joint-stock company in 2018, with the stock code OIL.
Moreover, PVOIL has been a pioneering petroleum enterprise in vigorously implementing digital transformation and applying Industry 4.0 technologies to enhance production and business efficiency. Since early 2018, the company has introduced QR code payment for fuel at all its retail stations through the PVOIL Easy application. Additionally, PVOIL has adopted electronic invoices, digital signatures, and the PVOIL B2B online ordering application.
With a strategic vision set many years ago, PVOIL has actively researched and paid attention to the energy transition trend, aiming to mitigate the negative impacts on its traditional petroleum business activities while seizing opportunities to optimize the benefits brought by this trend. As of May 2023, in collaboration with its partners, PVOIL has “covered” nearly 50% of its retail system with electric vehicle charging stations, with 325 retail stations equipped with modern and high-capacity charging facilities. This is a significant step for PVOIL to implement its strategy of becoming a diversified energy provider in the future.
In particular, throughout the years, the company has always ensured employment and cared for the material and spiritual well-being of all its workers across the entire system. Even during the extremely challenging period of the Covid-19 pandemic, 100% of the employees’ health, employment, and income were guaranteed. This has contributed to the strong bond between the workers and the PVOIL brand.
PVOIL is not only known as a reputable petroleum business brand but also as a brand that spreads love through various social welfare activities, especially in honoring and supporting the Heroic Vietnamese Mothers, assisting those affected by floods, and participating in volunteer activities to combat Covid-19.
Proud of its traditions and achievements, the leadership and workers of PVOIL are even more confident and determined to join forces and strive together to lead PVOIL to new successes, leaving new milestones in the journey of “Conquering Challenges - Reaching New Heights”.
With great joy, on the occasion of the 15th anniversary of the establishment of PetroVietnam Oil Corporation, which is the result of the collective efforts, intelligence, and dedication of the officers, employees, and workers of PVOIL, the leadership of the company once again acknowledges and expresses gratitude for the companionship of all the officers, employees, and workers throughout the entire corporation over the past 15 years, as well as the long road ahead.
We wish all the officers, employees, and workers of PVOIL and their families good health, happiness, and success in life, so that together we can witness even greater achievements of the company in the future.
We wish PetroVietnam Oil Corporation continuous growth and strength.