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PV GAS hosts the Conference on PVN’ Representatives 2013

On September 27th, at the head office of PV GAS – HCM City, Vietnam Oil and Gas Group (PVN) held the Conference on PVN’s Representatives 2013.                              
Attendees of this conference included representatives of Ministries, departments, Government Office; PVN Board members, PVN Vice Presidents, leaders of subsidiaries, representatives of PVN capital in other entities. PVN Chairman Phung Dinh Thuc and President & CEO Do Van Hau co-chaired this conference.
At the conference, in the report of Evaluating the Parent Company – Subsidiary Company Model during 3 years (2010-2013), PVN President & CEO Do Van Hau said: in the period, PVN maintained high growth rate in production and business, surpassing production targets of the annual plans, increasing revenues at a high rate, and always contributing payment to the State Budget more than required by annual plans. Especially, during 2012 and the first half of 2013, although the State budget collection struggled with many difficulties, PVN’s contributions to the State Budget still exceeded the planned target; total assets and owners’ equity of PVN substantially increased. Accordingly, during 2010-2012 period, total consolidated assets of PVN grew by 21% per year on average; PVN’s Capital Adequacy Ratio from 2010 to June 2013 was secured and increased; almost all subsidiaries of PVN fulfilled their annual plans, achieving high efficiency in production and business, preserving and developing their capital sources…

President and CEO Do Van Hau clearly identified the remaining issues in organization, management, production and trading models, and simultaneously pointed out their causes. He also reported on the development plan of PVN to the year 2015 aiming at building PVN into a strong and dynamic economic conglomerate, competitive both nationally and internationally, achieving high efficiency in production, business, and development investment by optimally using all available resources; making fast and synchronous development from petroleum search, exploration, production to oil and gas processing, fertilizer production, electricity generation, high quality oil gas service; combining sustainable development and environmental protection; contributing to the sovereignty protection on the sea and ensuring the energy security, actively pursuing international integration, extending activities to overseas.                        
The conference also saw Member of PVN Board  Nguyen Xuan Thang reporting on management of representatives, roles and responsibility of PVN’s representatives in other entities; PVN Vice President Nguyen Tien Dung reported on results of enterprise renovation, restructure during 2010-2013, and the renovation and restructure plan of PVN and its subsidiaries to the year 2015…

«May 2024»


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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