BSR contributes 1.1% to Vietnam’s GDP

PVOIL - BSR strengthen value chain and promote biofuel development

Navigating market volatility, BSR reinforces internal strength and long-term vision

According to aggregated data, there are currently 14 enterprises with revenues exceeding 1% of Vietnam’s GDP, including nine state-owned enterprises, four private companies, and one international joint venture. These “leading enterprises” play a significant role in driving economic growth, state budget revenue, and market stability.

Vietnam’s GDP at current prices in 2025 is estimated at nearly VND 12.85 quadrillion (approximately USD 514 billion), an increase of USD 38 billion compared to 2024. Within this context, major energy corporations continue to play a leading role. Petrovietnam ranks first with consolidated revenue of approximately VND 651 trillion (equivalent to 5.1% of GDP), followed by EVN with about VND 645.2 trillion (nearly 5% of GDP).

Petrovietnam and EVN are two state-owned economic groups playing a dominant role in the energy sector, not only ensuring supply but also making significant contributions to the state budget and participating in key national projects. Their presence among the leading enterprises highlights energy as a core pillar of Vietnam’s economy.

Notably, among enterprises with revenues exceeding 1% of GDP in 2025, the petroleum and gas sector accounts for a large share, with five representatives: Petrolimex (VND 310 trillion), NSRP (VND 188 trillion), PVOIL (VND 151 trillion), BSR (VND 143 trillion), and PVGAS (VND 135 trillion). This group alone accounts for nearly half of the list, reflecting the strategic importance of the energy sector in the economic structure.

Among them, PVOIL, BSR, and PVGAS are subsidiaries of Petrovietnam, while NSRP is a joint venture with Petrovietnam’s participation. This demonstrates the scale and integration of Petrovietnam’s energy ecosystem, spanning upstream to downstream activities and contributing to national energy security.

For BSR specifically, 2025 recorded positive production and business results despite market volatility. Production output reached nearly 7.94 million tons, reflecting stable operations and optimized refinery capacity. In the context of fluctuating refining margins and intensifying competition, these results are particularly significant.

Financially, BSR’s consolidated revenue exceeded VND 143.5 trillion, more than 25% higher than the plan. Consolidated after-tax profit reached VND 5.217 trillion, nearly double the revised plan. The Company also contributed VND 14.73 trillion to the state budget, exceeding the plan by over 13%, reaffirming its role as a major contributor to public revenue.

Beyond financial performance, BSR plays a strategic role in Vietnam’s energy system. The Company currently meets approximately 30% of domestic petroleum demand, contributing significantly to supply stability, especially during periods of market volatility. BSR is also the only domestic enterprise producing and supplying specialized fuels for national defense and security, thereby enhancing the country’s energy self-reliance.

Located in Quang Ngai Province, BSR is also a key growth driver for the Central region. Notably, the Company serves as the core in the development of the national refining and energy hub at Dung Quat, in line with Resolution No. 26-NQ/TW on socio-economic development and national defense for the North Central and Central Coastal regions to 2030, with a vision to 2045.

From a macroeconomic management perspective, BSR’s stable and efficient operations enable the Government to better regulate the petroleum market, control inflation, and maintain major economic balances.

With a solid foundation, continuously improving operational capacity, and a well-aligned development strategy, BSR is not only a major contributor to GDP but also a key pillar in ensuring energy security, economic stability, and sustainable growth for Vietnam in the years ahead.

BSR