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PV GAS President & CEO Pham Van Phong: all to accomplish 2024 plan

PV GAS is expecting unprecedented difficulties and challenges in the coming period after surpassing the earlier target set by Petrovietnam. President and CEO Pham Van Phong has emphasized maintaining the Corporation’s pioneering and leading position in the gas industry as part of the nation's Green Energy Journey. 

 

President & CEO Pham Van Phong calling for determination 

 

In the first half of 2024, the Corporation had achieved outstanding results that  had been far better than what had been planned. LPG sales volume reached 111% of the plan, by 38% Y-o-Y, total revenue hit 111% of the target, by 12% Y-o-Y, while pre-tax profit exceeded by 180% of what was expected, by 8% Y-o-Y. Furthermore, budget contributions rose to over 200% of the plan (by more than 13% Y-o-Y), and disbursed investment in construction was concluded at 124%.

The abovementioned achievements resulted from the determined efforts of the Corporation to implement a wide range of management andbusiness development solutions, as well as cost optimization. The responsibility demonstrated by the PV GAS workforce was acknowledged and highly valued by the Corporation, which was expected to continue in order to successfully meet the 2024 management targets. 

“The results for the first half of the year are rather positive,” President and CEO Pham Van Phong emphasized: “However, the targets for the second half remain very challenging still. Ensuring completion is very difficult, especially with many unfavorable factors” He thereby urged all divisions andunits to continue focusing on business operations with the spirit of: “Concentrate fully on business operations and identify-establish growth drivers for the Corporation.”

 

Sustainably develop Vietnam's gas industry - Honor and Responsibility of PV GAS.

 

The success of this year’s management plan depends largely on the collective efforts of the leaders and the workforce of the corporation. Firstly, leaders must maintain a consistent directive approach to uphold the goals, address existing issues and resolve bottlenecks to enhance the overall activities. Detailed implementation plans should be developed for each target, along with specific solutions to ensure the completion of these objectives. Secondly, the entire PV GAS workforce must unite, strive, and work together to overcome challenges while also promoting and enhancing "managing change - renewing old motivations - introducing new ones" through concrete measures, sticking to the principle of "Real speech – Real action – Real effectiveness"

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Address: Floor 12-15, PV GAS TOWER, No. 673 Nguyen Huu Tho Street, Phuoc Kien Commune, Nha Be District, Ho Chi Minh City.
Phone: +84.28. 3781 6777 Fax: +84.28. 3781 5666 Email: pvgas@pvgas.com.vn

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