Hanoi (VNA) – The Vietnam Oil and Gas Group (Petrovietnam) is taking strong measures to earn 1 quadrillion VND (39.4 billion USD) in revenue this year.
Petrovietnam General Director Le Ngoc Son said basing on the results recorded during the first 10 months, the group and its subsidiaries will continue ensuring safety for their facilities and factories while accelerating key projects. Concrete measures will be adopted to reduce costs, prevent wastefulness, and better the efficiency of facilities and factories. Any incident arising will also be handled in a timely manner.
For the remainder of this year, Petrovietnam Chairman Le Manh Hung asked subsidiaries to assess global economic and political situation and trends so as to devise response measures and seize opportunities.
They were also requested to enhance decentralised governance and control to boost growth. Besides, they have to step up the application of scientific and technical advances to all activities to foster growth momentum and raise labour productivity.
During January - October, the State-owned firm basically achieved and surpassed all of its targets by 0.1 - 18.3%, including many aspects posting year-on-year growth such as fertiliser, electricity, and petrol production.
It also spent more than 514 billion VND on various social security activities such as house building for the poor and educational and health programmes./.
VNA
