Vietnam National Oil and Gas Group (PVN) is set to become a strong economic group of the country, on the front line of penetration into the global market.
Excerpts from PVN General Director Do Van Hau’s talk with our reporter:
VOV: What’d you think about the group’s achievements in recent years?
Mr Hau: First, I’m very proud of the group’s 50-year history, including 36 years of development, with its annual contribution accounting for 30 percent of the State budget to add fresh impetus to the country’s process of industrialization and modernization.
From scratch, we’ve built an oil and gas industry with stable reserves for Vietnam, to ensure its energy security in the long run.
The group now has modern facilities, including three systems of gas pipelines on the sea, and four power plants that produce 15 percent of the country’s energy output. PetroVietnam Fertilizer and Chemicals Corporation with the brand name Dam Phu My (DPM) is capable of producing 800,000 tonnes of urea a year, meeting 40 percent of the domestic demand, while Dung Quat Oil Refinery meets 30 percent of the total oil and gas demand in the whole country.
So far PVN has expanded its investment to 14 countries in the world and is focused on deploying oil exploitation projects in Venezuela and Algeria.
VOV: What are main factors behind such achievements?
Mr Hau: We are proud of building a large contingent of high-qualified staff to engage in the exploration of oil and gas both at home and abroad. The group now has a total staff of 50,000: including 2,500 postgraduates, 25,000 graduates, and 20,000 skilled workers.
With this potential resource, PVN plays a key role in the development of industrial zones in many localities.
In 2011, many businesses were in a bind. But PVN still overfulled its targets ahead of time in term of oil and gas output, total revenue, profit and contribution to the State budget.
In 2012, PVN plans to contribute VND160.8 trillion to the State budget, an increase of VND58 trillion over last year.
PVN has maintained an annual growth rate of 20 percent with its total assets estimated at VND525,000 billion.
VOV: What about PVN’s plans of operation in the coming years?
Mr Hau: One of the major challenges for businesses in general is structural reform. It requires a new breakthrough in both planning and management. So, in the first place PVN will focus on improving its operational efficiency and competitive capacity.
PVN plans to upgrade and expand Dung Quat Oil Refinery, and build Nghi Son and Long Son oil refineries and raise its refining capacity to 16-17 million tonnes of oil by 2015.
The group is set to ensure the stable supply of gas to industrial and consumer markets in the country and to increase the total capacity of its thermal power plants to over 9,250 MW.
VOV: Do you have any breakthrough solution?
Mr Hau: We need to make a breakthrough in the three areas of human resources, science and technology, and management with priority given to staff training in the light of a modern “Oil and Gas Culture”.VOV: Thank you very much.
PM urges more effort in restructuring State-owned enterprises(22:46 28/01/2012)
China fishing ban violates Vietnam’s sovereignty: FM spokesperson(22:46 28/01/2012)
Gold prices increase VND1.2 million/tael(17:12 28/01/2012)
Vietnam Marine Police rescue fishing boat(16:24 28/01/2012)
Ben Tre residents longest lived in Vietnam(16:08 28/01/2012)
Cold spell to hit northern region(15:52 28/01/2012)
Hong River drops lowest level in 100 years(15:35 28/01/2012)
Agro-forestry-aquaculture to earn US$1.8 billion in export revenue(14:01 28/01/2012)
Sixteen Vietnamese crew survivors return from New Zealand(13:44 28/01/2012)
Law to clarify State"s price control powers(13:28 28/01/2012)
Exploring the ‘Ghost Cave"(11:36 28/01/2012)
PM pays Tet visit to Kien Giang(11:20 28/01/2012)