PV GAS CNG – Committed to the clean path, leading Vietnam’s green industrial transition
As the world faces the dual challenge of rising energy demand and the urgent need to reduce greenhouse gas emissions, the pursuit of clean, efficient, and economical fuel sources has become a strategic priority for every nation. Since its establishment in 2007, CNG Vietnam Joint Stock Company (PV GAS CNG) has chosen a path of sustainable development, with the mission “Spreading clean energy, creating a green future” and the vision “Pioneering the greening of Vietnam’s fuel”, significantly contributing to the national energy transition goals.
The flagship Compressed Natural Gas (CNG), produced from clean gas sources and having the lowest emission levels among fossil fuels, helps reduce up to 80% of CO₂ emissions and fine particulate matter. The company’s technology enables the safe supply of CNG as well as rapid replacement of traditional fuels, meeting international environmental standards while ensuring competitive costs for customers.
PV GAS CNG - Committed to clean energy, pioneering the green shift in Vietnam’s industry
18 years from its establishment and development, PV GAS CNG commands more than 70% of the domestic market share, operating two major CNG plants in the North and South of Vietnam, along with a network of pressure reduction stations across key industrial zones. Its customer portfolio includes leading corporations such as Hòa Phát, Vinamilk, Acecook, and Nestlé, highlighting its strong reputation and solid position in the clean energy market.
In response to the decline in domestic gas supplies, PV GAS CNG has proactively expanded into the field of Liquefied Natural Gas (LNG) – a flexible energy solution capable of long-distance transport and long-term storage. The year 2024 marked a milestone when the company pioneered the transportation of LNG by rail Northward from the South, creating opportunities to reach customers in Central Vietnam and regions distant from traditional gas pipelines. Backed by Petrovietnam Gas Joint Stock Corporation (PV GAS), the company has boldly invested in cryogenic technology while researching new energy sources such as green hydrogen and green ammonia to catch up with global carbon neutrality trends.
CNG - LNG: a cleaner solution driving Vietnam’s green industry
Transparency and efficiency remain the guiding principles of PV GAS CNG’s operations: the company regularly publishes detailed financial reports, production volumes, customer lists, and investment plans; it maintains impressive financial indicators, with the ROS index (Return on Sales) above 10% and a debt-to-equity ratio below 0.2, providing a solid foundation for expansion.
Looking to the future, PV GAS CNG aspires not only to supply clean fuel but also to become a trusted energy partner, accompanying customers on their journey to reduce emissions, optimize costs, and meet ESG standards. On this path, PV GAS CNG continues to affirm its pioneering role in leading Vietnam’s green transition, making a meaningful contribution to the country’s sustainable development goals.