BSR – NSRP: Strengthening Cooperation for Sustainable Development and National Energy Security

BSR launches and delivers first commercial batch of sustainable aviation fuel (SAF)

The meeting brought together senior leaders from both sides, including Mr. Kazutaka Yamato – General Director of NSRP, Mr. Bui Ngoc Duong – Chairman of the Board of Directors of BSR, and Mr. Nguyen Viet Thang – President & CEO of BSR, along with members of the Board of Directors, the Board of General Directors, Dung Quat Refinery Management and heads of professional expertise division.

The working session between BSR and NSRP facilitated the exchange of valuable experience and opened new opportunities for cooperation in advancing the refining and petrochemical industry and ensuring national energy security

Since signing a cooperation MoU two years ago, BSR and NSRP have engaged in effective collaboration. At the meeting, Mr. Yamato expressed his appreciation for BSR’s achievements, particularly in the development of Sustainable Aviation Fuel (SAF), and emphasized NSRP’s interest in learning from BSR’s experience in areas such as energy transition, cost efficiency, and environmental compliance.

Mr. Kazutaka Yamato – General Director of NSRP – praised BSR's impressive achievements, particularly in the production of Sustainable Aviation Fuel (SAF)

Chairman Bui Ngoc Duong reaffirmed the strong partnership between the two companies and emphasized the importance of continued, practical exchanges to deepen cooperation. BSR shared its strategies in corporate governance, crude procurement, finance, safety, and human resource development, as well as its vision for digital transformation and innovation through the establishment of a future Innovation Center.

Mr. Bui Ngoc Duong – Chairman of BSR – shared the positive outcomes from strategic cooperation between BSR and NSRP in recent years

BSR also introduced the Dung Quat Refinery Upgrade Project, which aims to increase capacity from 148,000 to 171,000 barrels per day and meet EURO V standards, enhancing crude flexibility and optimizing product mix and profitability.

In human capital development, BSR focuses on competency-based training, talent deployment, and cultivating a high-quality workforce aligned with its corporate culture and core values.

Both sides see potential for collaboration in key technical areas such as operations, maintenance, inspection, training, and shared services. Future cooperation may also include digitalization, green transition, and R&D.

Mr. Nguyen Viet Thang – BSR President & CEO – discussed potential cooperation areas with NSRP representatives for the coming period

Mr. Pham Van Chat – NSRP Deputy General Director – highlighted the meeting as a reflection of shared commitment to quality, innovation, and sustainable growth. Mr. Nguyen Viet Thang – BSR President & CEO – emphasized the strategic role of both companies in Vietnam’s energy sector and the value of joint efforts in driving industry advancement amid global transitions.

The continued strategic partnership between BSR and NSRP is expected to become a driving force in the operational performance of both enterprises

BSR and NSRP concluded the meeting with a shared commitment to enhance operational efficiency, safety, and resource management, while expanding cooperation in supply chain, product development, and manpower. Dedicated working groups will be formed to develop actionable plans and support both companies in achieving and surpassing business targets in 2025 and beyond, contributing to national energy security and sustainable development.

BSR