AsemconnectVietnam - Binh Son Refining and Petrochemical Joint Stock Company (BSR - HOSE) has identified 2026 as a challenging year, requiring the company to implement two key groups of solutions: traditional solutions and breakthrough solutions, with the determination to excellently complete the production and business plan.

This was shared by Mr. Nguyen Viet Thang, General Director of Binh Son Refining and Petrochemical, at the company's 2026 plan implementation meeting.
In the group of traditional solutions, BSR focuses on: Effectively managing market fluctuations; Ensuring the Dung Quat Refinery operates safely, stably, and continuously at high capacity; Optimizing costs, product structure, and cash flow; Restoring the operation of the Dung Quat Biofuel Plant, increasing the supply of E100 to serve the blending of E5 and E10 biofuels; Expanding the provision of technical and operational services externally and developing business activities from subsidiaries.
Simultaneously, the breakthrough solutions aim to increase the average converted capacity to 123-125% of the design capacity, thereby increasing financial efficiency by VND6,472 - VND8,763 billion, depending on the oil price scenario. BSR continues to promote innovation and research and development of new products, aiming for a revenue target of approximately VND57 trillion.
The company also accelerates the expansion of international sales and trade, expected to contribute an additional VND8,197 billion. In addition, BSR is researching increasing production outside the plant and developing external services, with the expectation of generating an additional 500-3,000 billion VNDin 2026.
According to Chairman Bui Ngoc Duong, achieving the revenue target of VND57 trillion in 2026 is very challenging given the many uncertainties in the market. Therefore, departments and units need to develop detailed monthly plans, specifying goals, actions, and costs, and evaluate KPIs for each block and department. BSR needs to continue focusing on optimizing energy, reducing costs, minimizing losses, improving equipment reliability, and operating the plant at higher capacity while ensuring absolute safety.
BSR also needs to prepare well for the 6th overall maintenance, focus on developing new business models, boost international business, review investment portfolios, strengthen financial risk management, and continue corporate restructuring. Digital transformation needs to be implemented in an enhanced direction, gradually transforming BSR into a digital data center in the petrochemical refining sector.
N.Nga
Source: VITIC/Tinnhanhchungkhoan