PVChem accelerates to 'finish early' in 2025

Overcoming complex market fluctuations, PVChem has completed the entire 2025 revenue and profit plan two months ahead of schedule.

This is a positive signal from the 2025 production and business results of the Petroleum Chemicals and Services Corporation - JSC (PVChem, stock code: PVC), affirming the flexible management capacity, the right restructuring strategy and the solid position of PVChem in the ecosystem of the Vietnam National Energy and Industry Group ( Petrovietnam ).

Signing ceremony of cooperation agreement on technology supply and rPET Food-Grade product consumption between PVChem, Boretech and NSEC. Photo: PetroTimes.

According to PVChem's report, by the end of October 2025, the Corporation's consolidated revenue reached VND 3,916 billion, exceeding the annual plan by 40% and increasing by 78% over the same period in 2024; consolidated pre-tax profit reached VND 48.23 billion, exceeding the plan by 10%.

With this growth momentum, PVChem expects to achieve consolidated revenue of VND4,200 billion and pre-tax profit of VND49 billion in 2025, exceeding the plan by 50% and 11%, respectively. This is the highest growth rate in the past 5 years, clearly reflecting the strong recovery after the restructuring period and the effectiveness of the new governance model.

In PVChem's revenue structure, the business segment accounts for 70.7% of total revenue, reaching VND 2,769 billion - a sharp increase thanks to the expansion of commercial activities, especially in the fields of plastic resins, metals and bioethanol.

The technical and industrial services segment reached over VND1,070 billion, up 36% compared to the plan, in which drilling fluid services recorded revenue exceeding the plan by 51%. The production segment also achieved an output of 15,292 tons, exceeding the plan by 30%, with revenue of VND76.7 billion - up 85% compared to the same period last year.

Notably, PVChem has successfully tested the Pro-Dril water-based drilling fluid system, opening up the possibility of technological autonomy, providing exclusive domestic services, and significantly reducing dependence on imported sources. These results demonstrate the synchronous development between fields, helping PVChem consolidate its position as a leading enterprise in the field of chemicals and oil and gas industry services.

In addition to positive production and business results, 2025 also marks a period of accelerated investment for PVChem with many key strategic projects, creating a foundation for long-term growth. Notably, the Industrial Gas Production Plant project at Cai Mep (in cooperation with Messer), utilizing cold heat from the Thi Vai LNG warehouse to produce industrial gas - a solution to increase energy efficiency and reduce CO₂ emissions, aiming for sustainable development goals.

In addition, the project to produce recycled PET chips (rPET) is also being implemented, anticipating the circular economy trend and contributing to reducing carbon emissions in the production chain. In parallel, the project to treat fly ash, bottom slag and gypsum at Thai Binh 2 Thermal Power Plant aims at a "zero industrial waste" model, in line with Petrovietnam's green economic and circular economic development strategy. These projects not only bring high economic value but also demonstrate PVChem's vision for sustainable development in the period 2026-2030.

PVChem's production segment achieved an output of 15,292 tons, exceeding the plan by 30%, with revenue of VND76.7 billion - an increase of 85% over the same period last year. Photo: PetroTimes.

According to the Corporation's strategy, in 2026, PVChem aims to continue to maintain a stable growth momentum, focusing on developing technical and industrial services - the core strengths of the Corporation. The enterprise will expand the provision of drilling fluid and base oil services for large projects such as Block B; at the same time, promote anti-corrosion painting services, maintenance and repair of oil and gas projects.

PVChem will also focus resources to accelerate the implementation of approved key investment projects, strengthen analysis, forecasting and management of market fluctuations, to ensure flexible, proactive and effective operations.

The completion of the entire 2025 revenue and profit plan two months ahead of schedule is a clear demonstration of the success of the comprehensive restructuring and innovation process at PVChem. This result not only brings a positive signal to shareholders and investors, but also affirms PVChem's role as one of Petrovietnam's "locomotive" units in the field of chemicals and industrial services. On the journey of green development and international integration, PVChem is showing the mettle of a steadfast, dynamic and strategic-visionary enterprise, ready to enter a new growth cycle in 2026 and the following years.

On November 24, 2025, PVChem will hold an extraordinary General Meeting of Shareholders to seek shareholders' opinions on adding business lines, contributing to opening up great opportunities for PVChem to anticipate trends and to implement the goals and tasks of production and business development, thereby contributing to increasing revenue, ensuring jobs for employees and the interests of shareholders.

Source: https://nongnghiepmoitruong.vn/pvchem-tang-toc-ve-dich-som-trong-nam-2025-d783664.html