On January 25, 2025, a delegation from the Ministry of Industry and Trade, led by Deputy Minister Nguyen Sinh Nhat Tan, worked with the Vietnam National Petroleum Group (Petrolimex/the Group) on ensuring the supply of fuel and motivating Petrolimex employees to work through the Lunar New Year (Tet) holiday.

The delegation also included Mr. Bui Nguyen Anh Tuan, Deputy Director of the Domestic Market Department (Ministry of Industry and Trade), representatives from the Vietnam Directorate of Market Surveillance, and Hanoi Market Management Department.
Representing Petrolimex were Chairman of the Board of Management Pham Van Thanh, Director General Dao Nam Hai, Deputy Directors General Tran Ngoc Nam and Nguyen Xuan Hung, Director of Petrolimex Hanoi Hoang Van Binh, and representatives of the Group's specialised departments.

Proactive fuel supply for Tet holiday

Reporting on the status of ensuring supply for the Lunar New Year (Tet) - the Year of the Snake 2025, Director General of Petrolimex Dao Nam Hai stated that the Group proactively managed sourcing early and from afar. By the end of 2024, the Group had organised negotiations for long-term purchase contracts for 2025 with both domestic and foreign suppliers. As of now, the total volume of goods Petrolimex has signed long-term contracts for in 2025 is approximately 7.37 million cubic meters/tons, equivalent to 70 per cent of the Group's domestic sales volume in 2024.

"Specifically, to serve the needs during the Tet holiday 2025, from December 2024 to February 2025, the Group has imported approximately 2.9 million cubic meters/tonnes of gasoline and oil, an increase of approximately 6 per cent compared to the same period last year and 7 per cent compared to the average for the entire year 2024. Petrolimex ensures inventory reserves and fully meets the demand for gasoline and oil consumption within its distribution system before, during, and after the Lunar New Year," affirmed Director General Dao Nam Hai.

In parallel with the fuel sourcing efforts, and to be proactive in all situations and prevent any supply chain disruptions, Petrolimex has instructed its member units to develop scenarios and plans to ensure supply in response to emergency situations.

In addition, the Group has also requested increased on-duty schedules for product delivery at fuel depots and close monitoring of market developments to ensure appropriate plans are in place in case of any unusual occurrences.

Petrolimex plays key role in national fuel supply

During a working session, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan praised Petrolimex for its proactive efforts in ensuring an adequate fuel supply to meet the consumption needs of the people during the Tet holiday. He urged the Group to maintain its momentum and strengthen its resolve to meet business targets and ensure a safe and sufficient fuel supply not only during Tet but throughout the entire year of 2025.

"Reflecting on 2024, the Group has excellently met its production and business targets, making positive contributions to State management activities and fuel supply for the people. Looking ahead to 2025, the leadership of the Ministry of Industry and Trade is fully confident that the Group will continue to successfully shoulder the key responsibility of providing fuel nationwide," said the Deputy Minister.

Petrolimex Chairman Pham Van Thanh emphasized that the Group's core mission during the Tet holiday is to ensure an adequate supply of gasoline and oil to meet the production, business, and consumption needs of the people. On behalf of the Group's leadership, the Petrolimex Chairman thanked the Deputy Minister of Industry and Trade and the delegation for recognizing and appreciating the efforts of the Petrolimex system. He also expressed gratitude for their insightful guidance, suggestions, and direction, which help the Group continuously improve the efficiency of its supply assurance efforts. Petrolimex pledged to earnestly implement the directives of the Ministry of Industry and Trade, closely coordinate with relevant units to promptly address difficulties, and successfully complete assigned tasks, upholding its reputation as a key petroleum group.

Some images feature the working session: