Petrolimex fulfilling its role in energy supply
Hanoi (VNA) - The Vietnam National Petroleum Group (Petrolimex) has met the majority of the goals set for the 2015-2020 period, paying nearly 188 trillion VND (about 8.036 billion USD) to the State budget while exhibiting strong performance in ensuring energy security, meeting demand for petroleum, and contributing to social welfare activities.
Over the past five years, the group
has maintained a key role in petroleum trading, doing its part in meeting energy
needs for socio-economic development as well as national security and defence.
Sales grew 6.9 percent each year on average
over 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 contributors
to the State budget in the country, forwarding more than 37.6 trillion VND each
year. The company employs 26,000 workers, whose incomes rise 8 percent each year.
Along with petroleum, the company has
posted success in other fields of endeavour, which make up 45-50 percent of its
total profits.
In the 2017-2020 period, Petrolimex was
among the 50 best listed companies in Vietnam each year.
It has ensured the security of nearly
60 percent of national petroleum reserves.
As a State-owned enterprise
with a key role to play in the domestic petroleum market and with a network of
petrol stations spanning all the 63 cities and provinces throughout the country, Petrolimex
has long been providing all types of fuel in service of national security and meeting
demand among the population, even in particularly difficult periods. The company
currently has a network of nearly 2,600 petrol stations and more than 2,500 franchise
establishments.
Meanwhile, it goes to significant effort every single year
to transport petroleum to mountainous areas where no other companies have petrol
stations, earning only a modest profit from doing so.
Regarding social welfare activities, it has come together
with localities around the country to explore the needs of the vulnerable in society
and to design suitable support activities and programmes for them.
The company has to date focused on sustainable
activities such as improving the living conditions of the needy, boosting the quality
of health care and education, and taking care of policy beneficiaries and the less-fortunate
in general.
Petrolimex and its member companies set aside more
than 300 billion VND to be spent on social welfare activities around the
country in the 2015-2020 period.
For example, over the last 10 years its staff have
raised nearly 80 billion VND in cash and gifts for the needy in Dong Van
district in the northern mountainous province of Ha Giang, to help them escape
from poverty and near-poverty, contributing to ensuring social welfare in the province
and the region more broadly.
The company has also become an official and active member
of the National Fund for Vietnamese Children, the Vu A Dinh Scholarships, and
the Fund for the Poor run by the Vietnam Fatherland Front Central Committee. Each
and every year, representatives from Petrolimex have visited and presented
gifts to war invalids and others who rendered their services to the country
and now live in nursing centres.
Of particular note, immediately after COVID-19 was first
found in Vietnam, the company donated more than 14.1 billion VND to support prevention
and control efforts.
To ensure it continues to perform its role as the
leading energy company in Vietnam, Petrolimex will maintain its focus on meeting
all of its business targets while completing all of its social welfare
activities at the same time.
For the 2020-2025 period, the Party Organisation at Petrolimex
will strive to continue to enhance its leadership capacity./.