Officially known as Vietnam Oil and Gas Corporation, PetroVietnam has developed rapidly since it was established in 1975, and its activities, through its various companies and wholly owned subsidiaries, now cover all the operations from oil and gas exploration and production to storage, processing, transportation, distribution and services.
Wholly-owned by the State, the corporation is vested with the entire oil and gas resources in Vietnam and entrusted with the responsibility of developing and adding value to these resources. PetroVietnam, since its inception, has grown into a fully integrated oil and gas entity engaged in a broad spectrum of petroleum and related value-adding business activities in both upstream and downstream sectors.
Today, with over 30 subsidiaries and associated companies, PetroVietnam operates not only within the boundaries of Vietnam but also in the global area.
Vietnam is the third-largest crude oil producer in Southeast Asia after Indonesia and Malaysia.