PVOIL strives to become Vietnam’s leading diversified energy distributor, with a development strategy based on three pillars: digital transformation, energy transition, and diversification of non-fuel services.
PetroVietnam Oil Corporation (PVOIL), a subsidiary of Vietnam Oil and Gas Group, is a leading brand in crude oil import-export and processing, as well as the distribution of oil products. PVOIL is one of the eight publicly listed companies with revenues exceeding 100 trillion VND. In 2023, the company’s revenue reached 114 trillion VND, with an output of 5.2 million tons per year, marking a business growth of nearly 28%. PVOIL has consistently achieved positive business results, with double-digit growth in recent years, overcoming numerous market challenges and affirming its critical role in ensuring national energy security. With a medium- and long-term strategy for the 2026-2030 period, PVOIL aims to increase fuel sales by 7.5% annually, expand its store network to 1,245 outlets by the end of 2030, and prepare for hydrogen distribution. PVOIL aims to become Vietnam’s leading diversified energy distributor by 2045, with a development strategy based on three pillars: digital transformation, energy transition, and diversification of non-fuel services.
In terms of digital transformation, PVOIL has selected FPT Digital as a strategic partner through a competitive bidding process based on meeting the company’s requirements and selection criteria. The PVOIL Digital Transformation Roadmap Consultancy Project for the 2024-2030 period was officially launched by both parties at the end of May. Cao Hoài Dương, Chairman of PVOIL’s Board of Directors, emphasized: “Digitalization in PVOIL’s business operations has been in place for years, driven by real operational needs. Now we need a long-term vision and a comprehensive digital transformation strategy to enhance service quality, professionalism, and efficiency, aligning with our future business goals and strategies.”
The project will be carried out over the next two quarters, with three key milestones. First, FPT Digital will conduct a comprehensive assessment of PVOIL’s current digital transformation status across all its operations. Based on these findings, the two parties will jointly develop a strategic consultancy report and a comprehensive implementation roadmap for digital transformation from 2025 to 2030, alongside an IT architecture master plan. Automation solutions will be proposed to improve operational efficiency in warehouses, tanks, and fuel stations. Additionally, a digital transformation communication plan will be developed and implemented to ensure the understanding and support of all stakeholders throughout the digital transformation process.
Finally, FPT Digital will collaborate with PVOIL to organize training programs to raise awareness and provide guidance for the core team and communicate the transformation roadmap to all company employees, preparing them for the digital transformation implementation at PVOIL. Reflecting the company’s commitment to comprehensive digital transformation—covering 100% of its operational fields—PVOIL has established a task force, consisting of representatives from all departments, to work closely with FPT Digital. Together, they will build a feasible strategy and roadmap, swiftly realizing PVOIL’s future goals. Trần Huy Bảo Giang, CEO of FPT Digital, affirmed: “FPT Digital is committed to delivering the PVOIL digital transformation project on schedule and with the highest quality. With extensive experience and deep expertise in digital transformation consulting for many leading enterprises in Vietnam, we guarantee that each phase of the project will be executed professionally and efficiently. We are confident that, through close cooperation between the two parties, the project will bring tangible value and contribute to PVOIL’s sustainable development.”
With a vision to become Vietnam’s leading diversified energy distributor by 2045, including oil, electricity, hydrogen, and related services, PVOIL aims not only to meet the increasing market demands but also to promote sustainable development. Digital transformation will create a digital ecosystem, closely connecting departments within the company and external partners while minimizing negative environmental impacts. This will generate added value for the entire system and contribute to sustainable development. The strategic cooperation between PVOIL and FPT Digital promises to bring remarkable achievements, enhancing PVOIL’s position in the energy industry and expanding its influence in international markets.
