AsemconnectVietnam - In the first 9 months of the year, PVOIL's total consolidated revenue reached VND107,000 billion, approaching the revenue milestone assigned by Petrovietnam for the whole year of 2025.

Summarizing the Party's work and production and business activities in the first 9 months of 2025, PVOIL said that in the third quarter and the first 9 months of the year, the petroleum trading market continued to face many difficulties. On average, crude oil prices decreased by 14% over the same period last year; domestic petroleum consumption decreased due to negative impacts from natural disasters, storms and floods, the development of electric vehicles, etc., which directly affected PVOIL's consumption output and business efficiency.
Overcoming the difficult market context, PVOIL strived to maintain growth momentum and expand its scale of operations.
The results of the first 9 months of the year recorded that the total petroleum business output of the entire system completed 104% of the 9-month plan, in which the retail channel grew by 11% over the same period; well-implemented the organization of loading and exporting/selling crude oil and condensate, reaching 113% of the 9-month plan; ensured a stable supply of crude oil, meeting BSR's production needs from domestic sources and imported sources, reaching 136% of the 9-month plan; total consolidated revenue reached VND107,000 billion, completing 76% of the yearly plan. Notably, revenue from international business activities grew strongly, playing an important role in offsetting difficulties for revenue from the domestic market; paid to the state budget more than VND7,000 billion, reaching 116% of the 9-month plan. The retail system is expanded with nearly 100 new petrol stations expected to be developed by the end of the third quarter and 2025.
In addition, PVOIL continues to promote strategic activities to prepare facilities for the production plan and pilot sales of E10 RON95 biofuel nationwide; ensuring that it can deploy biofuel business synchronously throughout the system as soon as the official roadmap is applied. PVOIL also orients its investment not only to meet internal demand and existing customers but also to be ready to process and blend for other sources, contributing to ensuring a stable supply of biofuel for the market. Continue to develop a chain of non-petrol services and charging stations to increase convenience at the affiliated retail petrol stations system.
In particular, the pilot project of rooftop solar power at Phu Huu - Timexco petrol stations (providing electricity for electric car charging stations) has initially achieved positive results. With a short payback period (about 4.5 years), rooftop solar power brings economic and environmental efficiency and enhances brand image, aiming to participate in the carbon credit market. This model is feasible to replicate throughout the PVOIL system to optimize costs and increase production and business efficiency.
Mr. Nguyen Dang Trinh, General Director of the Corporation, commented that the tasks in the fourth quarter are still very heavy and challenging due to the market continuing to develop unfavorably. Therefore, the entire PVOIL system needs to make efforts to find solutions to increase business output as well as increase total consolidated revenue.
PVOIL General Director requested units to pay special attention to reasonable inventory management and optimize sales activities to preserve and increase profits in the last months of the year; ensure the work of sourcing, blending and trading biofuel according to the Government's roadmap.
Mr. Cao Hoai Duong, Chairman of the Board of Directors of PVOIL, assessed that the bright spot in the first 9 months of 2025 was that PVOIL maintained high revenue growth. This achievement affirms the role and responsibility of PVOIL as one of Petrovietnam's revenue centers, contributing significantly to the overall results of the Group.
Mr. Duong also directed the executive board and units on matters related to preparing conditions for implementing Jet A1 aviation fuel business; replicating the rooftop solar power model at petrol stations and oil depots to optimize costs and improve business efficiency; continuing to develop the petrol station system associated with improving service quality; implementing the development and assignment of the 2026 plan to units in the system.
On this occasion, PVOIL honored 50 typical petrol stations in the system.
N.Nga
Source: VITIC/Tinnhanhchungkhoan