PVMR exceeds production and business targets in 2024

(PetroTimes) – On December 27, 2024, in Ho Chi Minh City, the Oil and Gas Construction Maintenance and Repair Corporation (PVMR) held a Conference to review Party work, production and business activities (SXKD) in 2024 and the Labor Conference in 2025.

Attending the Conference were Mr. Pham Tuan Anh - Member of the Party Committee, Member of the Board of Directors of Petrovietnam; Mr. Nguyen Van Ta - Chairman of the Inspection Committee, Head of the Inspection Organization Board of Vietnam Oil and Gas Trade Union (VUTC).

On the PVMR side, there were Mr. Nguyen Trung Tri - Party Secretary, Chairman of the Board of Directors; Mr. Le Van Sy - Deputy Party Secretary, Member of the Board of Directors, General Director; Ms. Nguyen Thi Thanh Hien - Deputy General Director, Chairman of the Trade Union, and representatives of the leaders of member units and specialized departments/offices of the Corporation.

The conference was attended by all leaders and employees of PVMR.

Reporting on the results of work in 2024 and the key tasks of work in 2025 of the PVMR Party Committee, Mr. Nguyen Trung Tri - Party Committee Secretary, Chairman of the Board of Directors said that the PVMR Party Committee has issued Resolutions, directives, and action programs to lead the implementation of key tasks of work in 2024; seriously and effectively deploy the directives and Resolutions of the Central Enterprises Party Committee and the Group Party Committee to Party members and Party Cells under the PVMR Party Committee.

PVMR hoàn thành vượt mức các chỉ tiêu sản xuất kinh doanh năm 2024

Mr. Nguyen Trung Tri reported on the work results in 2024 and the key tasks in 2025 of the PVMR Party Committee.

In 2025, the PVMR Party Committee has identified key goals, directions and tasks to strive to successfully achieve the 2025 production and business goals. Develop and issue Party Committee programs and resolutions that are close to and in line with the actual situation to lead the Party Committee to fulfill assigned political tasks.

PVMR hoàn thành vượt mức các chỉ tiêu sản xuất kinh doanh năm 2024

Mr. Le Van Sy - General Director of PVMR reports on production and business activities in 2024

Reporting on production and business activities in 2024, Mr. Le Van Sy - Deputy Secretary of the Party Committee, Member of the Board of Directors, General Director of PVMR emphasized that PVMR is implementing a series of large, synchronous solutions such as applying digital transformation to management and operations; restructuring the apparatus; strengthening joint ventures and cooperation with the world's leading technology partners. In 2024, on average, PVMR worked and/or signed 1.5 cooperation agreements with technology partners per month. Many of these cooperation agreements have been implemented and converted into specific revenue and profit.

PVMR successfully implemented the first closed-loop crude oil tank cleaning service packages in Vietnam for Binh Son Refining and Petrochemical Joint Stock Company (BSR). This service was highly appreciated by BSR for its quality, progress and safety. PVMR was also honored to be invited by partners to introduce this service to PETRONAS in the second quarter of 2024.

PVMR leaders have directed its member unit, Vietnam Petroleum Paint Joint Stock Company (PV Paint), to coordinate with the Vietnam Petroleum Institute (VPI) to research and develop an industrial paint product line applying graphene nano technology to supply projects inside and outside the Oil and Gas industry. Cooperate with VPI to officially introduce this product line at the Oil & Gas Vietnam Expo 2024 event from October 23-25, 2024 and receive much attention from domestic and foreign customers.

PVMR hoàn thành vượt mức các chỉ tiêu sản xuất kinh doanh năm 2024

Delegates contributed their opinions at the conference.

PVMR and technology partners actively coordinate with BSR to develop a plan to deploy services applying robot technology in cleaning and coating surfaces for tanks, reservoirs, and pipelines; strive to soon deploy this service for BSR in the first quarter of 2025 based on BSR's needs.

Based on its strengths in the field of high-tech inspection, testing and verification, PVMR has signed a cooperation agreement with the Center for Certification and Enterprise Development (QCC) under the Vietnam Union of Science and Technology Associations to deploy services related to greenhouse gases. It is expected that PVMR and QCC will hold a conference in Vung Tau to introduce products and services that PVMR and QCC have developed and provided to customers in and outside the Oil and Gas industry.

PVMR hoàn thành vượt mức các chỉ tiêu sản xuất kinh doanh năm 2024

Delegates present their papers

The Corporation also continues to work with international partners to research and deploy carbon capture and storage (CCS) services as an important medium- and long-term solution to reduce net greenhouse gas emissions...

PVMR hoàn thành vượt mức các chỉ tiêu sản xuất kinh doanh năm 2024

The conference received many practical contributions.

From the major tasks that have been implemented and on the basis of the over-fulfillment of the parent company and member units of the entire PVMR system in 2024, PVMR has exceeded all major financial targets, specifically: Consolidated revenue reached 738.62 billion VND (equivalent to 1,32% of the annual plan, an increase of 28% compared to 2023); pre-tax profit reached 16.62 billion VND (equivalent to 1,71% of the annual plan, an increase of 45% compared to 2023); State budget payment reached 26.27 billion VND (equivalent to 1,26% of the 2024 plan, an increase of 7% compared to 2023).

In addition to effective production and business activities that exceeded many targets, PVMR also pays special attention to social security work. With the spirit of mutual love, PVMR Labor Union organized donations to support compatriots, directly visited and gave gifts to PVMR workers affected by storm No. 3...

PVMR hoàn thành vượt mức các chỉ tiêu sản xuất kinh doanh năm 2024

Ms. Nguyen Thi Thanh Hien reports on the activities of the Corporation's Trade Union in 2024

The Corporation's Trade Union always responds to and mobilizes officers, employees and workers of the entire corporation to participate in activities organized by the Vietnam Oil and Gas Trade Union such as Spring of Oil and Gas Love - Warm and Sharing Tet, launching the Ao Dai Week, donating Ao Dai to the Labor Federation of Vinh Linh District, Quang Tri Province, launching participation in the "2024 Oil and Gas Spring Online Running Race", the 2024 Oil and Gas Industry Sports Festival, the 2024 Ca Mau Marathon, participating in the Petrovietnam Pride Contest, and planting trees according to the program of planting 3 million trees launched by Petrovietnam.

PVMR hoàn thành vượt mức các chỉ tiêu sản xuất kinh doanh năm 2024

Vietnam DK Trade Union awarded emulation flag to excellent unit

PVMR hoàn thành vượt mức các chỉ tiêu sản xuất kinh doanh năm 2024

DKVN Trade Union awarded certificates of merit to collectives and individuals with outstanding achievements.PVMR hoàn thành vượt mức các chỉ tiêu sản xuất kinh doanh năm 2024

PVMR hoàn thành vượt mức các chỉ tiêu sản xuất kinh doanh năm 2024

In 2025, PVMR will focus on implementing management methods: fluctuation management, value chain management, ecosystem management, digital platform-based management..., thoroughly implementing the motto "Renewing old motivation, Adding new motivation", ready to transform the business model in line with the trend of modern transformation and development. Organize and well implement the annual management plan of the Group and units. Focus on effectively controlling costs, especially large costs; minimizing damage due to market impacts...

PVMR hoàn thành vượt mức các chỉ tiêu sản xuất kinh doanh năm 2024

Mr. Pham Tuan Anh witnessed the signing ceremony of the PVMR Emulation Covenant.

The Corporation will promote its strengths and internal resources, orienting its business model to focus on traditional areas and key products (maintenance and repair, ship and port inspection, energy assessment); actively cooperate with partners and technology contractors to develop the market, provide technical services applying high technology and advanced techniques, meeting the needs of customers inside and outside the industry; improve the quality of products and services, participate in providing services for projects/works invested by the Corporation and units inside and outside the industry, especially in areas with strengths such as maintenance and repair.

PVMR hoàn thành vượt mức các chỉ tiêu sản xuất kinh doanh năm 2024

Mr. Pham Tuan Anh gave a speech at the conference.

Mr. Pham Tuan Anh - Member of the Board of Directors of Petrovietnam highly appreciated the efforts and consensus of the leaders and employees of PVMR to overcome difficulties to achieve good results like today, all targets increased from 26-71%. The Corporation has done very well in successfully implementing the service packages for cleaning crude oil tanks using the closed-circulation method for the first time in Vietnam for BSR; as well as coordinating with VPI to research and develop industrial paint products applying graphene nano technology to provide for works and projects inside and outside the Oil and Gas industry...

PVMR hoàn thành vượt mức các chỉ tiêu sản xuất kinh doanh năm 2024

Mr. Pham Tuan Anh visited the new headquarters of PVMR

To achieve better results in 2025, Mr. Pham Tuan Anh - Member of the Board of Directors of Petrovietnam noted that PVMR should make more efforts, take advantage of expertise and capacity to perform well in Petrovietnam and seek opportunities outside the industry. Continue to create and maintain high consensus as in the past in planning and implementing strategies and business orientations, especially in new areas. Promote the core role of the Party Committee, gather political organizations and workers to create solidarity and unanimity in the spirit of "One team - One goal" to work together, overcome difficulties, and successfully carry out assigned tasks.

According to PVMR.VN

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