Vietnam Oil and Gas Group is having a good year

Hanoi, Nov 7 (Prensa Latina) The results exhibited in the first ten months of 2022 corroborate that the Vietnam National Oil and Gas Group (PVN) is going through a good year in its business management.

November 7, 2022
09:38

As PVN General Director Le Manh Hung announced, the crude oil exploitation plan for 2022 could be fulfilled 70 days ahead of schedule after reaching 9.03 million tons in that period, three percent higher than the full-year forecast.

The group’s revenues between January and October were estimated at some 31.4 billion dollars, a year-on-year increase of 56 percent and 40 percent above the annual target.

PVN also contributed some 4.5 billion dollars to the state budget, exceeding the target for the current year by 74 percent.

These achievements are due to the group’s accurate forecasts of possible market behavior, flexible management, and ability to optimize opportunities, despite the prevailing uncertainties surrounding oil and gas, VNA news agency reported.

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