HÀ NỘI — The Vietnam National Industry - Energy Group (Petrovietnam) reported robust performance in the first four months of 2025, with most key production targets exceeded, despite mounting global market challenges.

As of the end of April, crude oil output reached 3.16 million tonnes, 12.8 per cent above the four-month plan. Gas production stood at 1.98 billion cubic metres, exceeding the target by 10.4 per cent, while electricity generation hit 11.06 billion kWh, surpassing the plan by 9.9 per cent.

Fertiliser production rose 19.5 per cent above target and refined fuel output totalled 5.39 million tonnes, 12.7 per cent higher than planned.

These achievements contributed to stable revenue growth and tax collection, with total revenue reaching VNĐ323.3 trillion (US$12.4 billion) and State budget contributions amounting to VNĐ45.6 trillion. Investment activity also saw strong growth, with VNĐ10.2 trillion disbursed, a 22.5 per cent year-on-year increase.

One notable success was the completion of Phase 3 of the Đại Hùng (Big Bear) oilfield development project, finished 20 days ahead of schedule. The project was executed entirely by Vietnamese personnel within Petrovietnam’s ecosystem and is set to provide vital input for power generation during the current peak dry season.

Looking ahead, Petrovietnam aims to commission at least one new facility each month for the remainder of 2025, beginning with Đại Hùng Phase 3. This initiative underpins its broader strategy for sustainable development by synchronising investment, production and market expansion. BIZHUB/VNS