Petrolimex: Steady Steps in Energy Supply and Sustainable Development

Petrolimex has successfully fulfilled its role in supplying petroleum and petrochemical products for production and people's lives, serving the cause of socio-economic development.

In the context of the country promoting industrialization and modernization to soon become a basically modern industrialized country, Petrolimex has successfully fulfilled its role of timely supplying petroleum and petrochemical products for production and people's lives, serving the cause of socio -economic development. Despite facing many difficulties and challenges, the Group has continuously improved production and business efficiency with practical measures such as: Deploying scientific and technological applications in managing petroleum consumption, fighting fraud; Building infrastructure systems, consumption and distribution networks that meet safety and technical standards; Researching new investments and upgrading infrastructure systems, technical facilities for warehouses, ports, pipelines, etc. With a network of operations covering 63/63 provinces and cities in Vietnam, including more than 2,700 petrol stations owned and managed by Petrolimex (COCO) and more than 2,800 petrol stations of intermediary customers (DODO), Petrolimex not only promptly meets the production and living needs of the people but also creates jobs for 18,300 workers (including the parent company - Group and 43 petroleum companies), ... helping to develop the country's economy, especially in remote areas, mountainous islands with high poverty rates such as: Ha Giang, Yen Bai, Lai Chau, Lao Cai, Dien Bien, Gia Lai, ...

Petrolimex strictly manages and uses the petroleum price stabilization fund.

In addition, Petrolimex also increased the allocation and use of the petroleum price stabilization fund (BOG fund). The management and use of the petroleum price stabilization fund are stipulated in Joint Circular No. 90/2016 dated June 24, 2016 and Joint Circular No. 39/2014/TTLT-BCT-BTC dated October 29, 2014 of the Ministry of Industry and Trade - Ministry of Finance. In addition, in order to implement the provisions of Decree 83/2014/NDCP, Petrolimex is always transparent and has periodic reports on the Petroleum Price Stabilization Fund on the website http://www.petrolimex.com.vn. This contributes to stabilizing the general price level, controlling inflation, stabilizing the macro economy, maintaining stable growth and social security, creating momentum for sustainable development for Petrolimex in particular and for the country's economy and society in general.