The headquarters of Petrolimex in Hanoi (Photo: VNA) Hanoi (VNA) - The Vietnam National Petroleum Group (Petrolimex) has met the majority of thegoals set for the 2015-2020 period, paying nearly 188 trillion VND (about 8.036 billion USD) to the Statebudget while exhibiting strong performance in ensuring energy security, meetingdemand for petroleum, and contributing to social welfare activities.
Over the past five years, the grouphas maintained a key role in petroleum trading, doing its part in meeting energyneeds for socio-economic development as well as national security and defence.
Sales grew 6.9 percent each year on averageover the last five years, while revenue grew 8.1 percent, assets 5.4 percent,and pre-tax profit 11 percent.
Petrolimex is one of the largest contributorsto the State budget in the country, forwarding more than 37.6 trillion VND eachyear. The company employs 26,000 workers, whose incomes rise 8 percent each year.
Along with petroleum, the company hasposted success in other fields of endeavour, which make up 45-50 percent of itstotal profits.
In the 2017-2020 period, Petrolimex wasamong the 50 best listed companies in Vietnam each year.
It has ensured the security of nearly60 percent of national petroleum reserves.
As a State-owned enterprisewith a key role to play in the domestic petroleum market and with a network ofpetrol stations spanning all the 63 cities and provinces throughout the country, Petrolimexhas long been providing all types of fuel in service of national security and meetingdemand among the population, even in particularly difficult periods. The companycurrently has a network of nearly 2,600 petrol stations and more than 2,500 franchiseestablishments.
Meanwhile, it goes to significant effort every single yearto transport petroleum to mountainous areas where no other companies have petrolstations, earning only a modest profit from doing so.
Regarding social welfare activities, it has come togetherwith localities around the country to explore the needs of the vulnerable in societyand to design suitable support activities and programmes for them.
The company has to date focused on sustainableactivities such as improving the living conditions of the needy, boosting the qualityof health care and education, and taking care of policy beneficiaries and the less-fortunatein general.
Petrolimex and its member companies set aside morethan 300 billion VND to be spent on social welfare activities around thecountry in the 2015-2020 period.
For example, over the last 10 years its staff haveraised nearly 80 billion VND in cash and gifts for the needy in Dong Vandistrict in the northern mountainous province of Ha Giang, to help them escapefrom poverty and near-poverty, contributing to ensuring social welfare in the provinceand the region more broadly.
The company has also become an official and active memberof the National Fund for Vietnamese Children, the Vu A Dinh Scholarships, andthe Fund for the Poor run by the Vietnam Fatherland Front Central Committee. Eachand every year, representatives from Petrolimex have visited and presentedgifts to war invalids and others who rendered their services to the countryand now live in nursing centres.
Of particular note, immediately after COVID-19 was firstfound in Vietnam, the company donated more than 14.1 billion VND to support preventionand control efforts.
To ensure it continues to perform its role as theleading energy company in Vietnam, Petrolimex will maintain its focus on meetingall of its business targets while completing all of its social welfareactivities at the same time.
For the 2020-2025 period, the Party Organisation at Petrolimexwill strive to continue to enhance its leadership capacity./.
