Vietnam Oil and Gas Group changes name

(PLVN) - On April 9, 2025, the Prime Minister officially decided to change the name of Vietnam Oil and Gas Group to Vietnam National Industry and Energy Group (Petrovietnam).

According to Petrovietnam , the new designation “Vietnam National Industry and Energy Group” affirms that Petrovietnam is not only a traditional oil and gas and energy group, but also a center of industry, services and a national energy pillar – carrying the mission of sustainable development, technological innovation, and ensuring energy security for Vietnam.

In addition, the name change will ensure that the Group's organization and operations are consistent with the Politburo 's orientation, the energy transition trend and the Prime Minister's commitment to Net Zero by 2050.

Authorized by the Prime Minister , Deputy Prime Minister Bui Thanh Son presented the decision to change the name of the Vietnam National Energy and Industry Group.

The transformation is an important milestone of Petrovietnam after 50 years of construction and development, after 64 years of tradition in the Oil and Gas industry. At the same time, it demonstrates Petrovietnam's strong commitment and determination in the process of transformation in development strategy and operating model, affirming the leading role, foundation and driving force of state-owned enterprises in the industrial and energy sectors.

"The new name not only reflects the new mission and vision, but also demonstrates Petrovietnam's pioneering commitment in technological innovation, sustainable development, ensuring national energy security, and integrating into the global energy chain," said a Petrovietnam representative.

Also according to Petrovietnam, Conclusion 76-KL/TW dated April 24, 2024 of the Politburo on the implementation of Resolution No. 41 on the orientation of the Development Strategy of Vietnam's Oil and Gas Industry emphasized the promotion of the advantages of the Oil and Gas Industry in developing the renewable energy and new energy industries such as developing offshore wind power projects for export, projects on hydrogen and ammonia production, etc. At the same time, it clearly pointed out the orientation of developing the Vietnam Oil and Gas Group into the Vietnam National Industry and Energy Group.

Recently, in order to adapt to the energy transition trend, create a new image, and reflect the commitment to energy transition, at the 2024 Year-end Conference and the 2025 Plan Implementation Conference of the Group, Prime Minister Pham Minh Chinh and leaders of the Government and ministries performed the ceremony to transform the Vietnam Oil and Gas Group into the Vietnam National Industry and Energy Group (Petrovietnam).

In the new development trend, Petrovietnam will focus on 3 main pillars: Energy - Industry - Services.

At the same time, Petrovietnam has urgently implemented the construction and completion of a new development strategy, researched and built a new brand identity, and completed related legal procedures to officially operate with a new name. Petrovietnam has determined to focus on developing on three strategic pillars: Energy - Industry - Services, with Energy as the core pillar.

According to the Prime Minister's decision dated April 9, 2025, Vietnam Oil and Gas Group officially changed its name to Vietnam National Industry and Energy Group.

Full name: Vietnam National Industry and Energy Group.

Business type: Single member limited liability company

Trading name: Vietnam National Industry and Energy Group.

International transaction name: Vietnam National Industry - Energy Group

Abbreviated name: PETROVIETNAM, abbreviated as PVN

Minh Huu

Source: https://baophapluat.vn/tap-doan-dau-khi-viet-nam-doi-ten-post544929.html