Brand valuation of 201.7 million USD, BSR affirms its position as a leading energy enterprise

In the ranking of the top 25 listed brands in 2025 announced by Forbes Vietnam Magazine, Binh Son Refining and Petrochemical Joint Stock Company (BSR) stands out with its brand value at 201.7 million USD. This is a particularly meaningful number, not only putting BSR in the TOP 10 largest brands in the Vietnamese stock market but also affirming its position as an energy and petrochemical enterprise with the leading brand value of the Vietnam National Energy Industry Group (Petrovietnam).

According to the brand value ranking, BSR's brand value is 201.7 million USD, ranking 7th in the TOP 25 ranked enterprises, just behind large corporations and brands such as Vinamilk (2,360.4 million USD), Masan Consumer Goods (1,109.8 million USD), FPT Group (755.4 million USD), Sabeco (488.5 million USD), Petrolimex (403 million USD) and Vietnam Airports (311.3 million USD).

In the Petrovietnam ecosystem, there are 3 brands participating in the ranking, including BSR (201.7 million USD), PVOIL (132.3 million USD) and Dam Phu My (76.4 million USD). Compared to other energy companies under Petrovietnam, BSR affirms its strong brand strength and maintains an important position in the national energy industry.

Top 25 listed brands in 2025 announced by Forbes Vietnam Magazine

BSR was established in 2008, with the task of managing and operating Dung Quat Oil Refinery - the first oil refinery project in Vietnam. Since its commercial operation in 2009, BSR has been identified as the "heart" of the national petrochemical industry, playing a key role in ensuring energy security.

Over 16 years of operation, BSR has grown strongly, from a young unit facing many difficulties and challenges to now becoming the leading enterprise of Petrovietnam in the field of energy, petrochemical refining, stably supplying over 30% of the country's gasoline demand. That is an important foundation to help BSR build a sustainable brand reputation, honored by Forbes Vietnam at the 7th position in the 2025 ranking.

According to statistics, from 2009 to the end of June 2025, Dung Quat Oil Refinery imported 1,354 crude oil shipments with an output of more than 110 million tons; produced over 100 million tons of various products; total revenue reached over 1.74 million billion VND; paid over 238 trillion VND to the state budget and after-tax profit over 52.1 trillion VND.

In the first 6 months of 2025 alone, BSR's production output reached over 3.84 million tons of various products; revenue of over 69 trillion VND; payment to the state budget of over 7.3 trillion VND and pre-tax profit of 1,451 billion VND. In the context of the unpredictable oil and gas market, this result shows the ability to manage and operate flexibly, optimize production, manage risks and expand the market. BSR is one of 3 enterprises recognized and commended by Petrovietnam as the unit that has comprehensively completed the management plan for the first 6 months of the year in terms of production output and financial indicators.

BSR is a pioneer in research and development of green energy products that are environmentally friendly.

During the first 6 months of the year, BSR maintained the safe and stable operation of Dung Quat Oil Refinery at high capacity, at times reaching 124%. Key workshops were optimized: CDU increased capacity from 114% to 118%, RFCC operated stably at 110%, and the aviation fuel production workshop (KTU) increased to 140% to take advantage of the high selling price of Jet-A1 aviation fuel.

In parallel, BSR has established an Innovation Center, implementing a “digital factory” model with the ability to operate data in real time. The application of digital technology in management and production not only improves operational efficiency, but also brings the BSR brand closer to international standards of modern industrial management.

Another important factor contributing to the elevation of the BSR brand is its pioneering work in scientific research, innovation, digital transformation and product development. In early June 2025, BSR successfully sold the first commercial batch of Sustainable Aviation Fuel (SAF). This is an important milestone, marking a new step forward in BSR's journey of researching and developing green, environmentally friendly energy products. Following that success, on July 8, 2025, BSR continued to launch and sell sulfur granules (Sulfur Pastilles) - marking a new step forward in its efforts to research, improve technology and realize the strategy of developing by-products from the petrochemical refining process.

BSR's brand and products are always widely promoted and communicated on mass media as well as digital and OOH platforms.

And most recently, BSR has organized the sale of 420m³ of DO oil to Lao Petroleum Company Limited (PVOIL Laos) - a member unit of Vietnam Oil Corporation (PVOIL). Expanding exports to the Lao market is a strategic step, affirming BSR's flexible supply capacity and effective connection in Petrovietnam's value chain. The success of exporting products to Laos will be replicated by BSR, building a sustainable market and customers in Laos and neighboring markets.

Not only stopping at current achievements, BSR is implementing the Dung Quat Oil Refinery Expansion and Upgrade Project, increasing capacity from 148,000 barrels/day to 171,000 barrels/day. This is a strategic project, helping BSR improve its ability to process diverse crude oil, produce products that meet high environmental standards, and increase its competitiveness in the international market.

Chinh Linh

Source: https://bsr.com.vn/web/bsr/-/dinh-gia-thuong-hieu-2017-trieu-usd-bsr-khang-dinh-vi-the-doanh-nghiep-nang-luong-hang-dau