AsemconnectVietnam - Petrosetco General Services Corporation (Petrosetco, stock code PET) has just announced documents for the annual general meeting of shareholders. The meeting is scheduled to take place on April 25 in Ho Chi Minh City. PVN plans to divest all state capital at Petrosetco in 2025.

According to the meeting documents, in 2025, Petrosetco plans to achieve consolidated net revenue of VND20,500 billion, up 8% compared to 2024; consolidated pre-tax profit of VND305 billion, up 8%; consolidated after-tax profit of VND244 billion, up 11%.
The parent company's business plan for 2025 targets revenue of VND6,334 billion, up 6% compared to 2024; pre-tax profit of VND60 billion, after-tax profit of VND57 billion, unchanged from the performance in 2024.
To achieve the set goals, the Company plans for each business sector. Specifically, for the distribution sector, focus on expanding the strategic product portfolio to meet diverse market needs and enhance competitive advantages. Implement supply chain optimization through the application of artificial intelligence (AI) and enterprise resource planning (ERP) systems to help improve operational efficiency and optimize distribution processes, especially focusing on cooperation with large brands to expand the network of partners and increase.
For the service sector, Petrosetco will maintain stability in core service segments in 2025, while promoting service quality improvement, recruitment and training of high-quality human resources to meet increasingly stringent market requirements. Petrosetco continues to promote the application of technology in service operations, including automation of production processes, quality control and supply chain monitoring.
Regarding the orientation of preparation after PVN's divestment, Petrosetco said that this is not only a big challenge but also opens up many opportunities for Petrosetco to reposition and develop more strongly in the coming period. The Board of Directors and the Board of Management of the Corporation have been focusing on building a long-term strategy, and at the same time, carefully preparing for this transition.
The proposed strategic orientations will maintain and develop the traditional service sector, focusing on consolidating and expanding the customer base in the oil and gas industry through improving service quality, enhancing professionalism and price competitiveness. At the same time, aiming to negotiate and sign long-term contracts, creating a stable foundation for the business.
Expanding markets and business lines, promoting the exploitation of services outside the oil and gas industry, seeking opportunities in other large industrial projects such as petrochemicals, renewable energy, and large infrastructure projects. Implementing strong marketing strategies to attract customers from other industries.
Strengthening international cooperation, expanding the network of partners with major suppliers, multinational corporations and strategic partners inside and outside the oil and gas industry through joint ventures and partnerships to learn from experience, access advanced technology, diversify services and promote international market expansion to increase presence in the global oil and gas industry.
Improving management capacity, ensuring compliance with policies and legal regulations, Petrosetco will focus on building a modern, transparent and international standard governance model. This will not only help increase management efficiency but also attract investors and strategic partners. At the same time, Petrosetco is committed to strictly complying with legal regulations, ensuring social responsibility and environmental protection in all activities.
Investing in human resource development, human resources are the decisive factor for Petrosetco's success in the new period and investing in facilities, researching, searching and building warehouse systems suitable for the Corporation's production and business model in strategic locations to ensure logistics capacity and increase business efficiency.
N.Nga
Source: VITIC/Tinnhanhchungkhoan