On April 16th, 2021, in Ho Chi Minh City, PetroVietnam Oil Corporation - Joint Stock Company (PVOIL) held a conference on developing petrol stations system.
The conference was chaired by Mr. Cao Hoai Duong, Chairman of the Board of Management of the Corporation and PVOIL President & CEO Doan Van Nhuom. Members of the Board of Management, Board of Directors, Board of Supervisors, Chief Accountant of the Corporation, leaders of subsidiaries in the whole system also attended the event.
During the conference, participants reviewed the development of PVOIL's petrol stations system since it was established in 2008. The conference participant analyzed the development of the retail system through several stages, associated with the increase in the number of petrol stations, development goals, development policies, targets on sales volume, value of investment assets.
They also discussed about the advantages and disadvantages in the development of the petrol stations system, proposing solutions to be implemented in the coming time.
It can be seen that more than 600 petrol stations of PVOIL are the result of the great efforts of the whole system, including the Corporation and its subsidiaries. The system contributes to the business activities of PVOIL, contributing to preserving and developing capital for the corporation’s sustainable development during the coming years. It also crated the favorable condition for the corporation to the future energy trend.
Representatives from PVOIL Hanoi, PVOIL Vung Tau, PVOIL Mien Trung, PVOIL Phu Yen had presentations during the conference. All of the presentations showed that the current achievements are the results effort to develop the petrol stations system, bringing PVOIL products and brands to customers.
According to PVOIL President & CEO Doan Van Nhuom, developing the petroleum retail system is very important task. On the basis of the analysis, evaluation of the development of petroleum retail system over the past years, the Corporation will make appropriate adjustments in policies, regulations, for better effectiveness of its units as well as further development of the retail channels.
Concluding the conference, Mr. Cao Hoai Duong affirmed that the event as an important opportunity for PVOIL to review and evaluate its achievements and limitations over the past years. He emphasized that developing petroleum retail system to increase sale is a consistent strategy of PVOIL. The development of petrol stations system also helps increasing the Corporation’s assets as well as shareholders’ assets thanks to the increase the property value at petroleum stations. The petrol stations system offers PVOIL an opportunity and condition to transform its business model to match the trend of energy conversion in the future. He urged PVOIL to continue deploying corporate restructuring, build policies, regulations, regulations for further expansion of petroleum retail system./.
Mr. Cao Hoai Duong – PVOIL’s Chairman of the Board of Management speaks at the conference
PVOIL President & CEO Doan Van Nhuom speaks at the conference
The conference overview