PVOIL summarizes operation in 2019

On December 24, 2019, PetroVietnam Oil Corporation (PVOIL) held a conference to summarize its Party Committee’s activities, business operations in 2019 and Employee Conference in 2020 and conference for typical collective and individual conferences in the period of 2015 - 2019.

The conference received participation of Mr. Pham Xuan Canh - Permanent Deputy Secretary of Party Committee and member of PVN’s Board of Management, Mr. Le Xuan Huyen - Deputy General Director of PVN, Mr. Nguyen Manh Kha, Vice Chairman of Vietnam Oil and Gas Group’s Trade Union.

On PVOIL's leadership, the event received participation of Chairman Nguyen Hoang Tuan, Mr. Cao Hoai Duong - PVOIL president and CEO, Mr. Doan Duy Cong - Trade Union Chairman; and members of the Party Committee, Board of Management, Board of Directors, Trade Union, Youth Union, Veterans Association of the Corporation and nearly 300 delegates representing divisions, branches and subsidiaries.

At the Conference, PVOIL leaders estimated 2019 as a difficult year for petroleum sector due to decline of international oil prices and domestic petroleum prices.

Besides, the market had many disadvantaged developments. Domestic supply of petroleum products was not stabled. The harsh competition between petroleum businesses became worsening with unfair strategies of some enterprises.

However, by overcoming the difficulties and challenges, PVOIL has completed the assigned tasks and targets. The corporation successfully fulfilled the task of crude oil export, ensuring adequate petroleum supply for domestic market and crude oil supply for Dung Quat Refinery.

The corporation also ensured security, safety and fire safety in the system while maintaining good market share by expanding the retail system for better business result.

After nearly 2 years, PVOIL has completed the electronic payment method at petroleum retail system. In 2019, PVOIL Easy officially linked GOTIT electronic gift card application, electronic payment application ViettelPay, VCBPay, VCB Mobile Banking and 15 associated banks of Vietcombank from June 20, 2019.

It also linked with MoMo E-wallet from October 23, 2019, making PVOIL the first and only company in Vietnam’s petroleum sector to apply electronic payment to customers by scanning QR code.

Deputy General Director of PetroVietnam Le Xuan Huyen acknowledged PVOIL’s efforts in crude oil sale, petroleum production as well as good performance in wholesale and retail system development.
PVOIL was praised for ensuring enough oil supply even when the market faced the most difficult situation. Mr. Huyen estimated that upcoming difficulties could directly affect PVOIL's production and business activities in 2020. He suggested PVOIL leaders to continue to carry out key tasks instructed by the Vietnam Oil and Gas Group.

Concluding the conference, PVOIL President and CEO Cao Hoai Duong appreciated employees for their efforts for completing the assigned tasks. Mr. Duong also addressed shortcomings, limitations and weaknesses of the corporation. He encouraged employees to overcome the challenges by investing more efforts, innovation in production and business activities to overcome difficulties.

PVOIL needs to focus on developing retail system, promoting electronic payment service PVOIL Easy, developing PVOIL Mobile service, improving customer services.

The General Director of PVOIL said that one of the key tasks in 2020 is that the Corporation will work with the member units to review the difficulties and exist to find suitable solutions for each unit. Overall, PVOIL will system restructuring and asset restructuring; continue to implement the State capital divestment plan in enterprises.

On this occasion, PVOIL honored the typical collective and individual in the period of 2015 - 2019.

Mr. Le Xuan Huyen – Deputy General Director of PVN speaks at the conference

PVOIL President & CEO Cao Hoai Duong addresses the conference

PVOIL honored the typical collective and individual in the period of 2015 - 2019

Overview of the conference

PVOIL News