Innovation in investment management, improving efficiency in capital use

The report on financial investment results from 2021 to present shows that Petrovietnam 's investment management has many innovations in a professional direction, focusing on implementing investment portfolio management to help promptly identify opportunities and risks, and have timely solutions to improve the efficiency of capital use and maximize benefits.

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On June 13, Petrovietnam held a Financial Investment Conference to accelerate the implementation of investment projects. Photo: Petrovietnam

Petrovietnam completed investment and put into operation 36 projects/works, put Thai Binh 2 Thermal Power Plant into operation; completed investment in Thi Vai 1 million ton LNG Port Warehouse Project. In particular, after a long preparation period, the Block B Project Chain has completed a number of important tasks, achieved FID from partners and implemented bidding work, signed EPC contracts.

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Oil and gas exploitation activities at Bach Ho field. Photo: Petrovietnam

Investment value in recent years has also improved in both value and implementation rate over the years, with each year growing compared to the previous year. Financial work has ensured adequate capital for investment activities, helping to create new assets and contributing to the growth of the group's revenue and profit: on average, in the period of 2021-2023, consolidated revenue increased by 44% compared to the period of 2018-2020; profitability indexes ROA and ROE grew well, reaching 4.84% and 9.04% respectively, exceeding 1.38% and 2.83% respectively compared to the period of 2018-2020.

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The first LNG train enters Thi Vai LNG port. Photo: Petrovietnam

Promoting digital transformation

To overcome limitations, promote the advantages of the group, and implement the goals and tasks set out in the 5-year Plan 2021-2025, the entire group focuses on key tasks such as: Continuing to implement investment portfolio management in a creative, effective and substantive manner to effectively implement Resolution 41-NQ/TW, Conclusion No. 76/KL/TW, and the strategic goals of the Group;

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Nhon Trach 3 and 4 Power Plant Project. Photo: Petrovietnam

Organize training courses, equip and improve knowledge related to professional work for investment staff; Focus on perfecting internal management regulations/rules in the investment work of the group, legal regulations; Promote policy mechanisms to remove difficulties, facilitate production, business and investment activities of the group;

Regularly update economic fluctuations and financial investment models of projects to have timely solutions to minimize risks and ensure project progress, with special attention paid to projects/project chains that have a major impact on the investment activities of the group: Block B Project Chain, Thi Vai LNG Project Chain, Blue Whale Gas Project Chain, Dung Quat Refinery Upgrade and Expansion Project, Long Phu 1 Thermal Power Plant...

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Offshore wind power tower base manufactured by PTSC. Photo: Petrovietnam

Along with that, build financial plans with diverse loan sources, optimize the structure of mobilized capital, maximize ECA loan volume with low interest rates, long loan terms, combined with domestic and foreign commercial loans.

Finally, focus on promoting digital transformation, ERP enterprise management system, ensuring the data target of the system is "Correct, Sufficient, Live, Clean", meeting the information requirements for management work at the group.

Ngoc Minh