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Over the past five years, the group has maintained a key role in petroleum
trading, doing its part in meeting energy needs for socio-economic development
as well as national security and defence.
Sales grew 6.9 percent each year on average over the last five years, while
revenue grew 8.1 percent, assets 5.4 percent, and pre-tax profit 11 percent.
Petrolimex is one of the largest contributors to the State budget in the
country, forwarding more than 37.6 trillion VND each year. The company employs
26,000 workers, whose incomes rise 8 percent each year.
Along with petroleum, the company has posted success in other fields of
endeavour, which make up 45-50 percent of its total profits.
In the 2017-2020 period, Petrolimex was among the 50 best listed companies in
Vietnam each year.
It has ensured the security of nearly 60 percent of national petroleum reserves.
As a State-owned enterprise with a key role to play in the domestic petroleum
market and with a network of petrol stations spanning all the 63 cities and
provinces throughout the country, Petrolimex has long been providing all types
of fuel in service of national security and meeting demand among the population,
even in particularly difficult periods. The company currently has a network of
nearly 2,600 petrol stations and more than 2,500 franchise establishments.
Meanwhile, it goes to significant effort every single year to transport
petroleum to mountainous areas where no other companies have petrol stations,
earning only a modest profit from doing so.
Regarding social welfare activities, it has come together with localities around
the country to explore the needs of the vulnerable in society and to design
suitable support activities and programmes for them.
The company has to date focused on sustainable activities such as improving the
living conditions of the needy, boosting the quality of health care and
education, and taking care of policy beneficiaries and the less-fortunate in
general.
Petrolimex and its member companies set aside more than 300 billion VND to be
spent on social welfare activities around the country in the 2015-2020 period.
For example, over the last 10 years its staff have raised nearly 80 billion VND
in cash and gifts for the needy in Dong Van district in the northern mountainous
province of Ha Giang, to help them escape from poverty and near-poverty,
contributing to ensuring social welfare in the province and the region more
broadly.
The company has also become an official and active member of the National Fund
for Vietnamese Children, the Vu A Dinh Scholarships, and the Fund for the Poor
run by the Vietnam Fatherland Front Central Committee. Each and every year,
representatives from Petrolimex have visited and presented gifts to war invalids
and others who rendered their services to the country and now live in nursing
centres.
Of particular note, immediately after COVID-19 was first found in Vietnam, the
company donated more than 14.1 billion VND to support prevention and control
efforts.
To ensure it continues to perform its role as the leading energy company in
Vietnam, Petrolimex will maintain its focus on meeting all of its business
targets while completing all of its social welfare activities at the same time.
For the 2020-2025 period, the Party Organisation at Petrolimex will strive to
continue to enhance its leadership capacity.
Source: VNA
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