Party Committee of PetroVietnam Oil Corporation successfully organizes 3rd Party congress term 2020 - 2025

Preparing for Party Congress of Vietnam Oil and Gas Group (PVN), the PetroVietnam Oil Corporation (PVOIL) held the third Party congress term 2020 - 2025 on May 29, in Ho Chi Minh City.

The Party meeting was attended by Mr. Pham Xuan Canh - Party Committee’s Standing Vice Secretary, and PVN’s member of the Board of Directors.

On behalf of PVOIL, the event received participation of Mr. Cao Hoai Duong - Party Committee’s Executive board member of PVN, who is also Party Committee’s Vice Secretary, and President & CEO of PVOIL. There were 165 delegates, who was Executive board member of PVOIL's Party Committee for the term 2015 – 2020, and delegates elected from 36 Party Committees of the corporation’s subsidiaries and branches, representing 1,521 Party members of the corporation.

The meeting was organized with the following main contents: (1) Summarizing the implementation of the Resolution of the Party congress of the Corporation for the term 2015 - 2020, and determining the direction and tasks for the term 2020 – 2025. (2) Discuss, contribute ideas to the draft document of the upper Party Congress. (3) Electing the Party committee Executive board of PVOIL for the term 2020 – 2025. (4) Electing the delegates to attend the PVN's Party Congress.

The Party Congress reported evaluated the implementation of the Resolution adopted by the Party Congress term 2015 - 2020. Accordingly, in the period, the Party Committee of PVOIL has worked closely with the Board of Management and Board of Directors of the corporation to closely follow the PVOIL Party Congress’s Resolution to overcome difficulties and challenges, successfully implementing the Corporation's political tasks set by the Second Party Congress term 2015 - 2020.

The Party Congress evaluated the leadership of the Corporation's Party Committee for each of PVOIL's production and business sectors: Crude oil import-export and international oil trading; oil production, and petroleum business.

Besides, the corporation’s Party Committee carried out political tasks instructed by the Politburo's Directive 05-CT/TW and the Central Committee of the Communist Party’s
Resolution 04-NQ/TW on building and restructuring the Party, personnel work as well as enforcement of party discipline; public relations and leadership of socio-political organizations.


Based on the achieved results in 2015 – 2020 period and the world and domestic situation, the corporation’s Party Committee set development goals for the 2020 - 2025 period: (1) Participating in the development of the downstream oil and gas industry, striving to become leader in domestic oil import and export, crude oil and petroleum trade. (2) PVOIL continues to be the only unit exporting and trading crude oil for PetroVietnam, providing safe and effective crude oil from domestic sources to Dung Quat oil refinery. (3) Growth of petroleum business is expected to reach 4% - 4.5% per year in the period of 2021 - 2025, maintaining a stable market share. (4) The corporation will continue to improve the distribution system to increase sales with the direct distribution channels. The proportion of retail and direct customers is expected to reach at least 50% by 2025.

Speaking at the meeting, Mr. Pham Xuan Canh - Party Committee’s Standing Vice Secretary, and PVN’s member of the Board of Directors praised the achievement PVOIL’s leaders and employees got in the term 2015 – 2020. These results continue to affirm PVOIL's position in its production and business sectors, he said. In the face of increasing demands for development as well as increasingly fierce competition, PVOIL needs to continue to be more drastic and stronger in leadership for production and business activities by restructuring business and building Party. PVOIL was asked to focus on reviewing and shaping the development strategy of the business, in accordance with the development strategy orientation of the Vietnam Oil and Gas Group and the country’s petroleum industry.

At the Party Congress, the delegates elected the Party committee Executive board of PVOIL for term 2020 - 2025 with 23 members. the Party committee Executive board conducted the fist meeting and elected the Standing board of Party Committee with 05 members.

Mr. Cao Hoai Duong - President & CEO of PVOIL was elected as Secretary of PVOIL’s Party Committee. Mr. Vo Khanh Hung - Vice President of PVOIL was elected as Vice Secretary of PVOIL’s Party Committee. Mr. Nguyen Tuan Tu - Vice President of PVOIL was elected as Chairman of Inspection Commission of PVOIL’s Party Committee.

The congress also elected a delegation of 14 members, representing the PVOIL’s Party Committee and Party members to attend the 3rd Party Congress of Vietnam Oil and Gas Group term 2020 - 2025.

Closing Party Congress, Mr. Cao Hoai Duong - Secretary of Party Committee, President & CEO of PVOIL affirmed that PVOIL's leaders and employees are deeply aware of the achieved results and what will continue to perform better in the near future. The success of the congress created the basis and conditions for the leaders, party members and employees of the corporation to take advantage of opportunities, overcome challenges and promote the traditions of being dynamic, creative that bring the corporation to develop sustainably.

Overview of the Congress

The presidium of Congress

Mr. Pham Xuan Canh - Party Committee’s Standing Vice Secretary, and PVN’s member of the Board of Directors

Mr. Cao Hoai Duong - Secretary of Party Committee, President & CEO of PVOIL

Party committee Executive board of Petrovietnam Oil Corporation term 2020 - 2025

Party committee Executive board of Petrovietnam Oil Corporation term 2020 - 2025

Party Committee Inspection Commission of Petrovietnam Oil Corporation term 2020 - 2025

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