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Petrovietnam: Regeneration for development

Việt NamViệt Nam09/11/2023


From the flame of aspiration “Finding oil to enrich the Fatherland” lit by President Ho Chi Minh , after more than 6 decades of construction and growth, generations of oil and gas workers have worked hard to build the tradition and culture of “Aspiration - Intelligence - Professionalism - Compassion” of the Vietnam National Oil and Gas Group. Following that tradition, overcoming all challenges and storms, the cultural values ​​with the characteristics of oil and gas are being constantly recreated and developed to new heights by today's generation of leaders, cadres and oil and gas workers, to be worthy of the new position, in the new period.
Cultural regeneration to revive and develop
The policy of cultural regeneration is a creative breakthrough proposed and implemented by the leaders of the Vietnam National Oil and Gas Group immediately after the unprecedented crisis (oil prices plummeted, cash flow was at risk of being unbalanced and a series of internal problems had to be dealt with). The process of cultural regeneration of Petrovietnam , accordingly, is to find and restore good traditional values, filter and eliminate negative factors, and foster and develop new values.
From the Petrovietnam Cultural Regeneration Project, more than 50 documents of the Party Committee, Board of Members, and General Director of the Group were issued and implemented synchronously, demonstrating consensus and unity in perception and action of the entire political system, from key leaders to each oil and gas worker. Culture gradually permeates and is closely intertwined with all management, production and business operations and becomes a direct production force, contributing to enhancing the prestige and brand value of the Group in the region and in the international arena.

The achievements from the cultural regeneration process have significantly contributed to helping Petrovietnam overcome the crisis of trust, market, and epidemic, maintaining continuous growth from 2019 to present. The Group is the enterprise that contributes the largest budget among the corporations and enterprises in the Central Enterprise Sector. A series of projects with slow progress have had their difficulties resolved one after another, typically the Block B - O Mon Gas - Power Project Chain has been officially signed and implemented after more than 2 decades. In 2023, the value of the Petrovietnam brand will reach nearly 1.4 billion USD, 3 times higher than in 2019 (according to Brand Finance - the world's leading brand valuation organization in the UK). The Group is also an enterprise recognized as meeting business culture standards in the first batch according to the criteria set by the Prime Minister.
Standing firmly on the core values of "Aspiration - Intelligence - Professionalism - Compassion", 25/32 units in the whole Group with the spirit of initiative, positivity, innovation and creativity, also constantly perfecting the vision, mission and business philosophy, contributing to clarifying the image of the Petrovietnam collective with unity, determination, dynamism and flexibility to adapt to new development trends. PETROCONs with "one team, one goal", through cultural regeneration, has resiliently revived the unit from the quagmire of difficulties due to not preserving traditional cultural values. From there, together with the whole Group, completed the goal of putting the Thai Binh 2 Thermal Power Plant project into operation, gradually rebuilding the reputation, brand and trust of partners and customers.
PVTrans, at the time when it was like a “sinking ship”, began to rebuild its culture by tightening discipline, being a role model, being fair…, and then becoming the largest bulk shipping company in Vietnam, with continuous growth over the past 13 years.
There are also many units, such as Vietsovpetro, PVCFC, PVEP, BSR, VPI, PVPOWER, PVDrilling... that have also created their own values and cultural characteristics. But, all of them revolve around the central axis, which is the core value system of oil and gas culture with 8 golden words, like a sailor, no matter what the circumstances, especially in storms, always looks towards the bright lighthouse at the end of the horizon.
It can be affirmed that, with the determination of the senior leadership team and dedicated, professional staff, through many creative and effective ways, the cultural regeneration process at Petrovietnam has been implemented synchronously throughout the Group, both consolidating and developing the foundation of a comprehensive, rich and lively oil and gas culture with many unique features of the member units.
Protecting and promoting the oil and gas cultural values in the Group's development strategy in the new phase

To realize the mission and vision in Petrovietnam’s development strategy, protecting and promoting the unique cultural values of oil and gas becomes more important and urgent. This is a process that requires steadfastness, perseverance, solidarity and unity from top to bottom, in which “building” and “fighting” must always go hand in hand. The stronger the “building”, the more resolute the “fighting” must be.

From the practice of recreating Petrovietnam's culture, it can be seen that somewhere there are still "sand grains" that affect some departments, even the operation of the whole system. That "sand grain" could be a gas station manager at a subsidiary of PVOIL who resolved personal conflicts by "causing trouble", almost damaging the reputation of the Corporation's brand, while the nature of the incident was completely opposite; another individual in the exploration and exploitation unit did not focus on his expertise but only focused on denouncing, slandering and digging up dirt; a few disgruntled elements who, due to not having their personal requirements satisfied, intentionally provided documents to KOLs to report untrue news, causing speculation, affecting internal solidarity and the psychology of officers and employees; is the "sun - moon" relationship between leaders in the same unit, or between the leaders of the investor unit and the contractor within the Group itself, affecting the quality and efficiency of work, forcing the Group to change its leader; is the phenomenon of taking advantage of the media and social networks to complicate the situation before conducting personnel work...
To gradually eliminate the above mentioned “sand grains”, Petrovietnam and its member units have been constantly improving and updating the system of internal regulations, processes and rules and disseminating and applying them to each employee. Accordingly:
Petrovietnam promotes the spirit of respect for the law as a standard for cultural implementation; builds and protects a team of cadres who dare to think, dare to speak, dare to do, dare to take responsibility, dare to innovate, dare to face difficulties and challenges, and are determined in action for the common good.
Petrovietnam is not manipulated or influenced by “relationships and money”; work results and achievements are used as a measure to evaluate, appoint officials and treat employees and workers. Petrovietnam, with the aspiration to surpass itself, realizes its development strategy, and becomes the leading national energy industry group in the country and the region.

According to petrotimes.vn



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