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Vietnam’s oil and gas industry plays a critical role in supporting national energy security and economic development. Over the years, the sector has grown rapidly, with several major companies operating across upstream, midstream and downstream activities. This article by NSRP highlights the top five oil and gas companies in Vietnam, providing an overview of their core operations, key products and contributions to the country’s energy value chain.
Nghi Son Refinery and Petrochemical (NSRP) is one of the leading oil and gas companies in Vietnam and a cornerstone project of the country’s energy sector. Located in the Nghi Son Economic Zone in Thanh Hoa Province, the refinery benefits from a strategic coastal position and advanced refining technology.
Operated as a joint venture between PetroVietnam, Kuwait Petroleum Europe, Idemitsu Kosan and Mitsui Chemicals, NSRP plays a vital role in supplying refined petroleum products to the domestic market and strengthening Vietnam’s energy security.
Nghi Son Refinery and Petrochemical
NSRP focuses on crude oil refining and petrochemical production, delivering a wide range of high-quality products to meet national energy and industrial demand. Its key products include:
As one of the largest refining and petrochemical complexes in Vietnam, NSRP makes a significant contribution to national energy security by reducing reliance on imported fuels and ensuring a stable supply of essential petroleum products.
NSRP also supports economic growth through substantial contributions to the state budget, job creation and the development of related industries. With continuous operational improvements and a strong focus on safety and sustainability, NSRP remains a key driver in Vietnam’s long-term energy and industrial development strategy.
NSRP enhances Vietnam’s energy security by reducing fuel imports and stabilising domestic supply
Petrovietnam Exploration Production Corporation (PVEP) is one of the leading oil and gas companies in Vietnam and the core upstream subsidiary of Vietnam Oil & Gas Group (PetroVietnam). Established in its current form in 2007, PVEP specialises in petroleum exploration and production activities both domestically and overseas.
Despite entering the global oil and gas market later than many international peers, PVEP has grown rapidly and is now recognised as one of the largest upstream companies in Vietnam and a notable player in the regional energy sector.
PVEP focuses on upstream oil and gas operations, delivering exploration, development and production activities across a diverse portfolio of projects. Its main services and outputs include:
Petrovietnam Exploration Production Corporation (PVEP)
PVEP plays a vital role in national energy security by maintaining stable production and expanding reserves. With assets of around USD 5 billion and proven reserves of approximately 2.2 billion barrels of oil equivalent, the corporation makes a significant contribution to Vietnam’s economy while maintaining strong health, safety and environmental standards.
PetroVietnam Oil Corporation (PVOIL) is one of the major oil companies in Vietnam and a key downstream subsidiary of Vietnam Oil and Gas Group (PetroVietnam). Established in 2008 through the consolidation of Petechim and PDC, PVOIL officially operated as a joint stock company from 2018. The corporation plays a central role in crude oil trading, petroleum product distribution and fuel retailing across Vietnam and international markets.
PVOIL provides a wide range of downstream oil and gas services, including:
PetroVietnam Oil Corporation (PV Oil)
As a leading crude oil trader and fuel distributor, PVOIL contributes significantly to Vietnam’s energy supply stability and market efficiency. With large trading volumes, extensive storage capacity and a nationwide distribution network, the corporation supports the smooth operation of domestic refineries and ensures reliable fuel availability for the economy.
Established in 2008, BSR is responsible for managing and operating the Dung Quat Refinery, Vietnam’s first oil refinery. The company plays a pioneering role in laying the foundation for the development of Vietnam’s refining and petrochemical industry and contributes to the training and development of skilled technical personnel in this field.
BSR focuses on oil refining and petrochemical production, supplying a wide range of essential products, including:
Binh Son Refining And Petrochemical
PV GAS plays a dominant role in Vietnam’s gas value chain, covering midstream and downstream activities, and is recognised as the country’s principal supplier of natural gas and gas-related products. With the slogan “Fuelling Values to Life”, PV GAS steadily strengthens its position in both the domestic and regional gas markets.
PV GAS provides a comprehensive range of gas-related services and products, including:
PetroVietnam Gas Joint Stock Corporation (PV Gas)
PV GAS ensures the safe and efficient operation of Vietnam’s gas infrastructure, supporting power generation, industrial activities and household energy needs nationwide. Through the expansion of LNG import capacity and continuous enhancement of gas supply systems, the corporation helps balance domestic supply and demand while promoting sustainable energy development and long-term economic growth.
The five companies featured in this list represent the backbone of Vietnam’s oil and gas industry, each covering a vital segment of the energy sector. From exploration and production to refining, trading and gas supply, their combined efforts help ensure a stable energy supply and support long-term economic growth. As Vietnam continues to develop its energy infrastructure, these leading oil and gas companies will remain central to the country’s sustainable and secure energy future.
Không thể sao chép
14th Floor, West Tower, Lotte Center Hanoi, 54 Lieu Giai Street, Giang Vo Ward, Hanoi, Vietnam
Nghi Son Economic Zone, Hai Binh Ward, Thanh Hoa Province, Viet Nam
EMAIL : contact@nsrp.com.vn
