PV GAS records impressive growth, setting foundation for 2026
Petrovietnam Gas Joint Stock Corporation (PV GAS) has released its consolidated financial report for the third quarter of 2025 with impressive business growth that sets a strong foundation for 2026 and the next phases.
In the third quarter of 2025, PV GAS recorded revenue of nearly VND 35,711B, (higher by 41% Y-o-Y). Pre-tax profit reached VND 3,209B and after-tax profit reached VND 2,613B, both equivalent to the same period of last year.
For the first nine months of 2025, PV GAS achieved total revenue of nearly VND 91,490B, up 16 percent year over year. Pre-tax profit reached VND 12,599B, up 19 percent Y-o-Y, while post tax profit was nearly VND 10,184B, also up 19 percent Y-o-Y. All financial indicators have far exceeded the 2025 targets assigned by the Annual General Meeting of Shareholders.
As of 30 September 2025, PV GAS’ total assets amounted to VND 93,865B, an increase of about 15 percent Y-o-Y.
PV GAS achieving “flying colors”in 2025
PV GAS plans to increase revenue by 10 percent in 2026, with several indicators expected to achieve major breakthroughs.
In addition to maintaining its core role in Vietnam’s gas value chain, PV GAS is actively expanding into green energy, clean energy, and smart technology. The Corporation says it plans to begin commissioning production of green hydrogen (H₂) at Dinh Co Gas Processing Plant (GPP Dinh Co) in the first quarter of 2026. In digital transformation and automation, PV GAS is implementing phase 1 of the Smart Plant Project at Ca Mau Gas Processing Plant (GPP Ca Mau) and preparing to expand the smart governance model to Thi Vai terminal cluster. Simultaneously, the establishment of PV GAS Logistics is expected to complete the specialised logistics service chain for the gas industry and contribute positively to the corporation’s revenue and profit in 2026.
PV GAS heading for 2026
The period from 2026 to 2030 has been identified by PV GAS as a key phase for infrastructure investment to ensure long term growth, with total investment estimated at around USD 3.5B. PV GAS also aims at maintaining an average annual revenue growth rate of 8 to 10 percent, secure 100 percent of Vietnam’s natural gas market, and capture 65 to 75 percent of the national LPG and LNG markets. At the same time, the corporation plans to deepen its participation in international business and services, striving to enter the Top 50 companies in the Fortune Southeast Asia 500 ranking by 2030.
PV GAS has also identified four key growth drivers for the coming period. These include the synchronized development of the gas energy value chain from upstream and midstream to downstream; prioritizing investment in LNG hubs in areas connected to existing gas industrial infrastructure, thereby playing a core role in the formation of Petrovietnam’s national eco-industrial energy centers; expanding the gas market and diversifying consumption outlets, with international business positioned as a key growth engine and targeted to account for 30–35% of total revenue; and taking the lead in the development of new and green energy, with the goal that new products and services will contribute 25% of total revenue by 2030.
The consolidated financial statements for the third quarter of 2025, reflecting impressive business growth, serve as clear evidence of PV GAS’s strong governance capacity, innovative mindset, and robust internal strengths. They also underscore the collective determination of the PV GAS’s leadership and employees—individuals driven by ambition, willing to take on challenges, and ready to make breakthroughs in contributing to the sustainable development journey of Vietnam’s industrial and energy sector.