Việt Nam Oil and Gas Group renamed Việt Nam National Industry - Energy Group

Việt Nam Oil and Gas Group renamed Việt Nam National Industry - Energy Group

Authorised by the Prime Minister, Deputy Prime Minister Bùi Thanh Sơn (right) hands over the decision to rename the Việt Nam Oil and Gas Group on April 9. — VNA/VNS Photo

 The Việt Nam Oil and Gas Group (Petrovietnam) on April 9 officially announced its transformation into the Việt Nam National Industry - Energy Group with the same abbreviated English name of Petrovietnam, marking a pivotal step in its strategic evolution.

Deputy Prime Minister Bùi Thanh Sơn presented the Prime Minister’s decision on the change of the group's name to Lê Mạnh Hùng, Chairman of the Petrovietnam Members’ Council, and General Director Lê Ngọc Sơn.

The transition followed the Politburo's Conclusion No 76-KL/TW dated April 24, 2024, which emphasised the importance of leveraging Việt Nam’s oil and gas sector in developing new and renewable energy industries such as offshore wind power for export and production of hydrogen and ammonia. 

With this new name, Petrovietnam reaffirms that it is no longer solely a traditional oil and gas enterprise. It now positions itself as a national hub for industrial development, service innovation and energy security, and is committed to sustainable development, technological modernisation and ensuring energy stability for the nation. 

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