Nguyen Viet Thang, General Director of Binh Son Refining and Petrochemical Joint Stock Company (BSR), reported that the company’s financial, production and business indicators over the past 11 months have all met or exceeded assigned targets.
Specifically, the company has produced 7.24 million tonnes of various products; generated more than 130.5 trillion VND in total revenue; contributed over 13 trillion VND to the state budget; and achieved 3.595 trillion VND in pre-tax profit.
To achieve these results, the company implemented volatility management across all operations, ensuring the Dung Quat Oil Refinery consistently operated at a converted capacity of around 120% of its designed capacity. The company also regularly analysed and forecast market developments to devise optimal solutions aimed at increasing revenue and financial profits. At the same time, it continued to expand and diversify its product portfolio, developing new high-value plastic resins such as F3030, T3045, P3034, and TF4035.
“In the time ahead, the company will continue to increase the converted operating capacity of the Dung Quat Oil Refinery, targeting 123–125% of its designed capacity. In addition, we will keep enhancing innovation efficiency, boosting the production and business of new products, and expanding international trade to strengthen overall performance,” said Thang.
According to the leadership of Ca Mau Fertiliser Joint Stock Company (PVCFC), the company’s total converted urea output over the past 10 months reached 796,430 tonnes, while NPK output totalled 286,760 tonnes. As a result, consolidated revenue reached 14.265 trillion VND, surpassing the annual target by 20% and rising 30% year on year, while pre-tax profit reached 1.821 trillion VND, exceeding the annual target by 164% and growing 45% compared to 2024.
In the coming time, the company will continue to ramp up production, develop new products, expand markets, and remain committed to building a new partnership model to strengthen its distribution system, maintain growth momentum, and broaden its market presence.
Statistics from Petrovietnam show that in the past 11 months, the corporation’s electricity output increased by 8% year on year; petroleum exceeded the target by 7%, rising 17%; LPG surpassed its target by 14%, increasing 9%; NPK exceeded its target by 9%, rising 36%; and polypropylene output grew 24% compared to 2024. Total revenue reached more than 989.6 trillion VND, up 9% year on year, while consolidated revenue totalled nearly 560 trillion VND, up 12%. Contributions to the state budget amounted to nearly 146.8 trillion VND. Of this figure, new products generated 10.7 trillion VND in revenue, and international business generated more than 131 trillion VND, accounting for 22% of the group’s total consolidated revenue.
Statistics from Petrovietnam show that in the past 11 months, the corporation’s electricity output increased by 8% year on year; petroleum exceeded the target by 7%, rising 17%; LPG surpassed its target by 14%, increasing 9%; NPK exceeded its target by 9%, rising 36%; and polypropylene output grew 24% compared to 2024. Total revenue reached more than 989.6 trillion VND, up 9% year on year, while consolidated revenue totalled nearly 560 trillion VND, up 12%. Contributions to the state budget amounted to nearly 146.8 trillion VND. Of this figure, new products generated 10.7 trillion VND in revenue, and international business generated more than 131 trillion VND, accounting for 22% of the group’s total consolidated revenue.
Petrovietnam’s leadership added that cost-saving and anti-wastefulness measures over the past 11 months helped the group save 5.73 trillion VND, exceeding the plan by 37%. Savings mainly came from reductions in raw materials, management expenses, and sales and financial costs, along with improvements in investment management and optimised operational efficiency in production and procurement.
Total investment disbursement reached more than 43.8 trillion VND, up 45% year on year, focusing on key projects such as the Block B project chain, the O Mon 4 project, and the Nhon Trach 3 power plant — which officially entered commercial operation on 21 November.
Social security activities were actively, promptly and effectively implemented with a total value of 1.187 trillion VND, reflecting Petrovietnam’s responsibility and its culture of compassion.
Recognising that the final month of the year requires significant effort to meet targets and maintain growth objectives, Petrovietnam General Director Le Ngoc Son affirmed that the entire system will tighten management, maintain the highest level of determination, and closely follow set plans. At the same time, the group will intensify international business activities, scientific research, digital transformation, digital infrastructure development, and new product development, which are considered pivotal to creating long-term growth space.
In addition, the group and its member units will continue to accelerate investment, with M&A activities identified as the core driver of capacity enhancement and scale expansion. The group will also conduct a comprehensive review of cooperation programmes between Petrovietnam and corporations, enterprises, and localities to create further growth opportunities in the near future.
“All units must accelerate in this final month, maintain determination to fulfil and exceed all assigned targets, and establish a solid foundation for the group as it enters 2026 — a pivotal year in the new development strategy — with the expectation of sustaining high growth momentum,” Son stressed.
