Deputy Prime Minister Pham Gia Tuc Attends Petrovietnam's Mid-Year Conference on Technological Advancement
On July 9, 2026, in Hanoi, the Vietnam National Oil and Gas Group (Petrovietnam) organized a conference to review the first half of 2026 and outline tasks and plans for the second half of the year. The conference was attended and directed by Politburo Member, Deputy Prime Minister Pham Gia Tuc.
Conference Background and Significance
The conference took place amid a landscape of opportunities and challenges facing Vietnam's energy sector, particularly in the context of global energy transition and sustainable development trends. As a cornerstone enterprise in the national energy industry, Petrovietnam has continuously strived to apply advanced technologies to enhance production and business efficiency.
In his opening address, Deputy Prime Minister Pham Gia Tuc acknowledged the efforts and achievements of Petrovietnam in the first half of 2026, while requiring the corporation to continue promoting the application of science and technology, especially in renewable energy and clean technology sectors.
Summary of First Half 2026 Results
| Indicator | First Half 2026 Result | Plan Achievement (%) |
|---|---|---|
| Revenue | 450,000 billion VND | 98% |
| Profit | 85,000 billion VND | 102% |
| Investment | 65,000 billion VND | 95% |
| Crude Oil Production | 5.2 million tons | 97% |
Notable Technological Achievements
In the first half of 2026, Petrovietnam achieved several remarkable technological accomplishments:
- Successfully completed the comprehensive digitalization project for the operational management system of refineries, increasing operational efficiency by 15% and reducing energy costs by 10%
- Successfully implemented remote monitoring and control systems for offshore oil rigs, minimizing risks and saving operational costs
- Completed research on Liquefied Natural Gas (LNG) conversion technology in key areas
- Invested in Carbon Capture, Utilization, and Storage (CCUS) technology at gas power plants
- Successfully tested green hydrogen production technology from solar energy in the Central Highlands region
Second Half 2026 Plans
To achieve and exceed annual targets, Petrovietnam has outlined key focus areas for the second half of 2026:
| Sector | Technology Goal | Implementation Timeline |
|---|---|---|
| Renewable Energy | Complete offshore floating solar power project with new technology | Q3/2026 |
| Digital Technology | Implement AI system for oil and gas production forecasting | Q4/2026 |
| Clean Technology | Complete 1,500 MW LNG power plant | Q4/2026 |
| Emerging Technology | Pilot carbon capture technology at Nam Con Son gas field | Q4/2026 |
Technology Transformation Direction
At the conference, Petrovietnam's leadership identified clear technology transformation directions for the 2026-2030 period:
- Comprehensive digital transformation of all business operations, aiming to become a digital enterprise
- Development of clean energy solutions, gradually reducing dependence on fossil fuels
- Strong investment in research and development of renewable energy technologies
- Building a Big Data system to optimize oil and gas exploration and exploitation activities
- Developing green hydrogen technology to meet future energy demands
Deputy Prime Minister Pham Gia Tuc's Guidance
In his address at the conference, Deputy Prime Minister Pham Gia Tuc emphasized:
"Petrovietnam must continue to pioneer the application of advanced technology, especially in the context of global energy transition. The corporation should strengthen research and application of cutting-edge technologies in clean energy, emission reduction, and climate change adaptation. At the same time, Petrovietnam needs to proactively pursue digital transformation to enhance competitiveness and operational efficiency."
The Deputy Prime Minister also requested Petrovietnam to strengthen cooperation with research institutes, universities, and domestic and foreign technology companies to accelerate industrial transformation and sustainable development.
Future Vision
In response to the challenges and opportunities from the Fourth Industrial Revolution and global energy transition trends, Petrovietnam aims to become a leading digital energy corporation in Southeast Asia by 2030. To achieve this goal, the corporation will continue to invest heavily in key technology areas:
- Renewable energy and clean energy technology
- Digital transformation and artificial intelligence
- Carbon capture and utilization technology
- Efficient and environmentally friendly oil and gas exploration and exploitation technology
- Energy storage and transmission technology
Petrovietnam's mid-year conference has affirmed the corporation's determination and clear direction in applying advanced technology for sustainable development, contributing to the country's industrialization and modernization efforts and implementing the net zero commitment by 2050.