At the conference, reporting production and trades in 2020, Mr. Duong Manh Son - Secretary of Party Committee and General Director of PV GAS- said: 2020 was a particularly difficult year when PV GAS as well as enterprises carried out the plans of production and trades in the context of Covid-19 epidemic which has prolonged and spread to most countries and regions in the world, adversely affecting the global economy. Domestic production and consumption of products and services have been stagnant; fuel demand has decreased, especially PV GAS' gas products for electricity and industrial production have decreased significantly; a number of large projects have had a strict schedule and complicated progress, the implementation process has faced many problems which have had to be resolved, especially the impact of the Covid-19 epidemic; ...
Despite facing many disadvantages, with the motto of "Solidarity - Innovation - Professionalism - Action", PV GAS' Board of Directors and all employees were always united and innovative in thinking, and professional in action; took advantages of opportunities, and drastically and synchronously carried out many effective solutions. With the active support from all levels, Petrovietnam, the units inside and outside the industry, ... PV GAS has successfully carried out the tasks and achieved the goals. PV GAS ' systems of gas works have operated safely and efficiently, and supplied gas / products continuously; 8,866.8 million cubic metres of dry gas was provided; 1,908.9 thousand tons of LPG was produced and traded, completing three months ahead of the schedule; 58.2 thousand tons of condensate was produced and supplied, exceeding the plan by 6 per cent. PV GAS continues to sustainably provide gas to produce nearly 20 per cent of electricity output and 70 per cent of protein, meeting more than 62 per cent of the national LPG market shares.
The financial goals were completed and exceeded the annual plan from 0-48 per cent (the revenue of 66,181.9 billion, the profit before tax of 9,905.3 billion, post-tax profit of 7,882.7 billion), especially the ones of profits and the contribution to state’s budget completed two to three months ahead of the plan, significantly contributing to the State budget and Petrovietnam (VND 4,430.5 billion), being the top of the companies with the good financial indicators in Petrovietnam (post-tax profit / equity ratio achieving 16 per cent, 41 per cent for the ratio of post-tax/ chartered capital, and 23 per cent for liabilities / total assets ratio).
