PVOIL Easy grows strongly in 2020 despite COVID-19 pandemic

02.01.2021

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The double impacts from the COVID-19 pandemic and the decline in oil prices seriously affected production and business activities of the country, including PVOIL in 2020. Facing the unprecedented difficulties, PVOIL synchronously deployed solutions to minimize negative impacts from the market.

Among the solutions PVOIL adopted, the application of 4.0 technology in production and business activities was the top priority.

The non-cash payment service PVOIL Easy recorded an outstanding growth in 2020. Though the total sale of petroleum in 2020 was lower than that of 2019 due to the impact of the pandemic, sale volume through retail channel at petroleum stations remains stable, which was equivalent to 2019. The achievement was contributed by the PVOIL Easy service.

For those who deployed the PVOIL Easy program, last year was a remarkable year. As of mid-night of December 31, 2020, PVOIL Easy system consumed 6,593 cu.m of petroleum in December alone. Averagely, the consumption amount was equivalent to 212 cu.m a day, breaking November record of 208 cu.m per day.

In 2020, total sales volume through PVOIL Easy reached 65,200 cu.m, beating the whole-year plan by 22.6%. The achievement was 44.6% more than 2019, accounting for 10% of the total retail sales volume of the entire system and equivalent to the volume of nearly 60 medium-sized petrol stations.

Several PVOIL units reported sale volume exceeding target by 30%. Some units exceeded their output target by more than 50%, including PVOIL Hanoi, with 88%, Timexco, with 56%, PVOIL Thai Binh, with 54%, PVOIL Phu Yen, with 52% ...

In addition, linkages with Vietnam’s largest electronic payment applications was expanded to increase convenience for customers, especially individual customers. PVOIL’s affiliate partners have electronic gift cards GOTIT, MoMo, ViettelPay, HDbank, VCBPay, VCB Mobile Banking and 22 affiliated banks of Vietcombank. Through these payment applications, more than 287,695 transactions were made in 2020.

The achievements of PVOIL Easy can be seen as a miracle. Pandemic which badly hit global economy caused 2020 total petroleum consumption in the country decrease by more than 15% from 2019. PVOIL Easy achievement has made a great contribution to the corporation’s effort to minimize the negative impacts of COVID-19 on PVOIL's sales volume.

The success of PVOIL Easy will be the driving force and motivation for PVOIL to continue promoting and making efforts for better achievements in 2021. PVOIL Easy will be raised to a higher level, contributing strongly to growth of production and business of the corporation.