PV GAS rushes to end of 2025 with new targets for 2026
Petrovietnam Gas Joint Stock Corporation (PV GAS) is going to conclude 2025 with impressive business results while setting ambitious goals for 2026 and the 2026–2030 period.
Motivation from international business and new product development
In the first ten months of 2025, and for the full-year forecast, PV GAS has completed or exceeded most assigned targets. This creates a strong foundation for the Corporation’s next development phase in 2026 and the years ahead. For 2026, PV GAS plans to increase revenue by 10 percent Y-o-Y. This growth will be driven by international business, the development of new products and services, and comprehensive digital transformation.
PV GAS to keep up with its development plans
PV GAS continues to maintain its leading role in Vietnam’s gas value chain while proactively expanding into green energy, clean energy, and smart technology. Notably, the commissioning of production of green hydrogen (H₂) is expected to begin at Dinh Co Gas Processing Plant (GPP Dinh Co) in the first quarter of 2026. This marks an important milestone in the Corporation’s “Green Energy Journey”. In digital transformation and automation, PV GAS is implementing phase 1 of its Smart Plant Project at Ca Mau Gas Processing Plant (GPP Ca Mau). Preparations are also underway to expand smart governance models to Thi Vai Terminal cluster, targeting international standards in management, operations, and logistics. At the same time, PV GAS Logistics has been established to complete a specialised logistics service chain for the gas industry, contributing positively to the Corporation’s revenue and profit in 2026.
Strategy for 2026–2030: to remain the number-one position
PV GAS has defined 2026 to 2030 as a pivotal period for infrastructure investment. The Corporation plans a total investment of 3.5 billion USD to secure long term growth. It targets an average annual revenue increase of 8 to 10 percent, with the ability to secure all of Vietnam’s natural gas market and capture 65 to 75 percent of the national LPG and LNG market. PV GAS also plans to expand international business and services, with a goal of entering the Top 50 of the Fortune Southeast Asia 500 ranking by 2030.
PV GAS has set four growth drivers for this phase. The first focuses on building a fully integrated gas and energy value chain from upstream to downstream. The second emphasises investment in LNG hubs in areas with existing gas infrastructure to support Petrovietnam’s ecological energy industrial centres. The third seeks to expand and diversify gas markets, targeting 30 to 35 percent of total revenue from international business. The fourth highlights new and green energy development, with a goal for new products and services to reach 25 percent of total revenue by 2030.
PV GAS’ ambition for the upcoming achievements
These goals reflect a strong shift in PV GAS’ business model. The Corporation intends to strengthen its position in the traditional gas industry while expanding its value chain, increasing global participation, and guiding Vietnam’s move toward green energy.