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PVI HOLDINGS

(PVI)
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End-of-day quote HANOI STOCK EXCHANGE  -  05-26
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PetroVietnam: Great honor, great responsibility

01/25/2022 | 09:46pm EDT

At the conference reviewing the work in 2021 and implementing the tasks in 2022 PetroVietnam, Mr. Hoang Quoc Vuong - Secretary of the Party Committee, Chairman of the Board of Members of the Group delivered an important speech. important. Below, the Editorial Board would like to introduce the content of the speech.

With the support and help of state agencies, the solidarity, unity, and one heart of leaders, employees throughout the group, we overcame the year 2021 in a spectacular way with important results, specifically:

1. The Group has actively implemented quickly and effectively the vaccination program for employees strictly and thoroughly; implemented 5K under the guidance of the Ministry of Health, therefore reducing the number of infections Covid, the number of people who were quarantined then did not break production chains.

2. PVN has achieved comprehensive and outstanding business results, making important contributions to the state budget, positively affecting the national economy.

3. Thai Binh 2 project has been restarted, put into operation Unit 1 of Song Hau 1 power plant and put into operation many new oil and gas exploitation projects, contributing to stopping the decline in oil and gas production.

4. The Group's scientific research has always been a bright spot, making an important contribution to improving production, business efficiency and the competitiveness of its units. In 2021, the Group spent 378 billion VND on scientific research.

5. The cultural values ​​of PVN are aroused and fostered as a foundation to strengthen the trust of employees and for the sustainable development of the Group.

6. Social security works and support for covid prevention have been paid special attention by the Subsidiaries, showing the cultural beauty of "Gratitude" of the Oil and Gas people during difficult times.

In that context, in order to exceed the planned targets for 2022, it is recommended that all subsidiaries have to focus on a few key tasks as follows:

1. To implement strictly the Resolution of the 4th Party Central Committee, term XIII on accelerating building and rectification of the Party and the political system.

2. To continue to adapt flexibly, safely and effectively in order to control the epidemic to achieve the dual goal of ensuring health and safety for employees and workers, maintaining production, and completing plans.

3. Promoting search and exploration to increase production (reaching 10-18 million tons).

4. Completing and putting into commercial operation 2 large power plants: Song Hau 1 and Thai Binh 2; finished resolving disputes with PM at Long Phu 1 Project and other difficult projects.

5. Agree on solutions for the comprehensive restructuring of NSRP factory. NSRP factory is an advanced and modern refinery and petrochemical plant in the region with a total investment of up to 9 billion USD with an output of nearly 10 million tons of products of all kinds.

6. Commencement of major projects of the Group is Nhon Trach 3,4 gas power project, Block B gas project.

7. Continuing to develop Petrovietnam's culture with the motto Solidarity - Discipline - Creativity - Efficiency on the basis of cultural values of Aspiration - Pioneer - Courage - Gratitude, gradually eliminating the expression of avoidance, extrusion, irresponsibility, lack of professionalism, internal disunity.

In 2021 with solidarity, unity, PVN successfully completed the planned tasks of this year, making an important contribution to the country's socio-economic development. 2022 is the pivotal year of the five-year plan 2021-2025, the completion and over-fulfillment of this year's plan targets is of the importance. Believing that with the unity and determination of all 60,000 employees and employees of the Group, 2022 will be a year of continued success for PVN.

Disclaimer

PVI Holdings published this content on 26 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2022 02:45:07 UTC.


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Financials
Sales 2021 486 B 20,9 M 20,9 M
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 11 759 B 506 M 506 M
Capi. / Sales 2021 24,2x
Capi. / Sales 2022 38,4x
Nbr of Employees 2 605
Free-Float 12,6%
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Managers and Directors
Hoa Xuan Nguyen Vice Chairman & Chief Executive Officer
Jens Holger Wohlthat Chairman
Nguyet Thi Bui Independent Director
Thuan Van Bui Director
Danh Thanh Duong Vice Chairman
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