Petrovietnam Maintains Position Among Top Budget Contributors in Vietnam

In the context of Vietnam's ongoing economic recovery from the pandemic, CafeF Lists has initiated the development of its VNTAX 200, PRIVATE 100 rankings, and for the first time, announced the STATE 100 ranking for 2026. The Vietnam National Oil and Gas Group (Petrovietnam) has continued to assert its position with high budget contributions and maintained growth in production and business results in the first half of the year.

Context of the New Rankings

Annually, CafeF Lists publishes prestigious rankings to recognize the contributions of enterprises to Vietnam's socio-economic development. The year 2026 marks a milestone as the organization introduces the STATE 100 ranking, focusing on state-owned enterprises with outstanding contributions.

Alongside STATE 100, the traditional VNTAX 200 (listed companies on the stock exchange) and PRIVATE 100 (private companies) rankings continue to be developed based on comprehensive evaluation criteria including scale, operational efficiency, and contributions to the state budget.

Petrovietnam's Budget Contributions

Petrovietnam continues to maintain its position as one of the largest budget contributors in the country. In the first half of 2026, the group contributed a total of 65 trillion VND to the state budget, an increase of 12% compared to the same period last year.

Outstanding Production and Business Results

According to Petrovietnam's latest report, in the first half of 2026, the group achieved impressive results in its key business areas:

• Gas production: Volume reached 9.2 billion m³, up 7% year-on-year
• Crude oil: Extraction reached 5.1 million tons, up 3% year-on-year
• Fossil fuels: Production reached 3.8 million tons, up 5% year-on-year
• Electricity: Generation reached 25 billion kWh, up 8% year-on-year
• Chemicals: Production reached 1.2 million tons, up 12% year-on-year

Petrovietnam's Position in the Energy Sector

Petrovietnam not only holds a leading position among the largest budget contributors but is also a leading enterprise in the energy sector. With operations spanning across the country and in more than 30 nations, the group plays a pivotal role in ensuring national energy security.

According to Mr. Nguyen Van Nen, Chairman of the Board of Directors at Petrovietnam: "We have always identified our primary mission as ensuring national energy security while effectively fulfilling our social responsibilities. Maintaining high growth and budget contributions is a testament to that commitment."

Future Prospects

To continue sustainable development, Petrovietnam is focusing on energy transition, strengthening the development of renewable energy and clean technology. For the 2026-2030 period, the group aims to reduce carbon emissions by 30% compared to 2025.

Key projects during this period include:

• Quy Nhon offshore wind power project with a capacity of 3,500 MW
• Ninh Thuan solar power project with a capacity of 2,000 MW
• Green hydrogen project in Ca Mau with a capacity of 500 MW
• Green hydrogen production project in Ba Ria - Vung Tau

Conclusion

Petrovietnam continues to affirm its position as one of the largest budget contributors in the country with maintained good growth in production and business results in the first half of 2026. With a strong energy transition strategy and key projects in the coming period, the group is expected to maintain its leading position and contribute increasingly to Vietnam's socio-economic development.

Being ranked among the top of STATE 100, VNTAX 200, and PRIVATE 100 is not only recognition for achievements but also motivation for Petrovietnam to strive further in implementing its dual mission: ensuring national energy security while fulfilling responsibilities to the community and environment.