The Vietnam National Oil and Gas Group (PVN) has been asked to speed up restructuring to become a leading economic group capable of competing with regional and international companies.
Prime Minister Nguyen Tan Dung made the request at the PVN Conference in Hanoi on January 15.
He said the Group should focus on intensifying oil and gas exploitation and exploration to contribute to ensuring national energy security, economic growth and affirm national sovereignty.
PM Nguyen Tan Dung gives a speech at the conference.
PM Dung applauded the oil and gas sector’s significant contributions to the country’s socio-economic development as well as state budget revenue and national energy security.
PVN need to deal with existing weaknesses and boost restructuring to improve its operational efficiency and competitiveness, said PM Dung.
He also asked the economic group to resolutely withdraw investments from non-core business and continue to improve the quality of its staff as well as administrative capacity.
Last year, PVN’s targets, key projects and tasks assigned by the Government were fulfilled on time or ahead of schedule and its contribution to the State budget exceeded US$2.22 billion.
The Prime Minister presented an Independence Order (third class) to the Vietnam Petroleum Institute and a Labour Order to outstanding PVN employees and departments for their contributions to the oil and gas sector’s development.
(VOV)
