On December 12, 2025, in Khanh Hoa Province, the Vietnam National Petroleum Group (Petrolimex) held a conference to formulate its 2026 business and investment development plan. The meeting centered on the implementation of the Ministry of Industry and Trade’s Circular 50/2025/TT-BCT and the promotion of Level 5 fuel (Euro 5 emission standards).

Mr. Luu Van Tuyen, Board of Management member and General Director, presided over the conference. The event was attended by the Board of Directors members, leaders of the Board of Management' departments, the Group’s functional departments, and representatives from member companies, branches, and terminals. Also in attendance were leaders from the Van Phong Bonded Terminal (VPT) and the Petrolimex Tanker Corporation (PGT).

Focusing on expanding Level 5 fuel trading – enhancing product quality standards

During the conference, delegates spent significant time analysing and evaluating the rollout plan for Level 5 fuel business—a product group that meets high environmental standards and aligns with clean energy development trends and regulatory requirements. The expansion of Level 5 fuel sales is a strategic move, helping Petrolimex standardise its product portfolio according to new benchmarks and enhance its competitiveness in both the retail and distribution markets.

Group leadership instructed all units to proactively develop conversion plans and prepare storage, port, and transport infrastructure. Furthermore, they emphasised the need for coordinated communication efforts to ensure unity and consensus throughout the entire system.

Implementing biofuels under Circular 50/2025/TT-BCT

The conference focused on solutions to execute the biofuel business roadmap as prescribed in Circular No 50/2025/TT-BCT, issued on November 7, 2025. The Circular mandates the roadmap for applying blending ratios of biofuels with traditional fuels. Accordingly, from June 1, 2026, unleaded gasoline must be blended into E10 gasoline for use in gasoline engines nationwide. Furthermore, the blending and distribution of E5RON92 gasoline will continue until the end of December 31, 2030. Circular 50 provides the legal framework for expanding biofuel distribution across the country.

Petrolimex reached a consensus on a set of core solutions, including: reviewing and upgrading storage tank systems, transportation vehicles, and equipment at terminals and petrol stations; ensuring stable supply sources and quality according to technical standards; organising training for operational staff; and intensifying communication and guidance for consumers on the benefits and superiority of biofuels.

Group leadership emphasised that this is a transformative mission, requiring all units to coordinate closely and implement plans synchronously right from the beginning of 2026.

Orientation for the 2026 plan

The conference also discussed production, business, and investment development plans for 2026, set against a backdrop of continued energy market volatility and increasing demands for governance innovation. Petrolimex aims to maintain stable output and market share while prioritising investment in infrastructure upgrades, petrol station networks, and warehouse-logistics systems. Furthermore, the Group will accelerate digital transformation and the application of technology in supply chain management and operations, alongside enhancing risk control and cost optimisation.

Subsidiary units were directed to closely monitor market scenarios and develop plans tailored to the realities of their respective regions, ensuring business efficiency, safety, and full legal compliance.

Concluding the conference, Management Board member and General Director Luu Van Tuyen highly commended the efforts of the entire system in meeting and exceeding 2025 targets for sales volume, revenue, profit, and state budget contributions. However, noting that global oil prices remain high-risk, he urged all units to sustain their results and exercise prudence in management and operations moving forward.

Regarding product orientation, the Group’s General Director called for a focus on Level 5 fuel business, proactively securing domestic sources while increasing the import of high-quality products. He also emphasised the need for flexible policies concerning wholesale traders and distributors. Furthermore, units must accurately gauge blending demands and prepare sufficient supplies of E100 and mineral gasoline to meet the biofuel implementation roadmap.

In terms of investment and logistics, he urged for the rapid upgrading of facilities, accelerated investment appraisals, internal cost reviews, and the optimisation of storage capacity utilisation. This is viewed as a vital opportunity for Petrolimex to leverage its infrastructure advantages in a rapidly shifting market.

Addressing core operational tasks, the Group highlighted several priorities: auditing retail channel costs; finalising road transport operations; and developing comprehensive marketing and loyalty programs. Additionally, Petrolimex aims to unify business mechanisms across bordering markets, promote the expansion of petrol stations and value-added services, and further advance digital transformation and operational automation.

In his closing remarks, the Group’s General Director called upon the entire system to remain united and take decisive action in executing assigned tasks. This collective effort will ensure the successful completion of 2025 targets and establish a solid foundation for the 2026 strategic plan.

Some images highlight the conference: