Established in June 1996, PETROSETCO began by providing lifestyle support services, catering, and travel services for Vietnam's oil and gas industry. From these early foundations, the Company has steadily expanded its capabilities, enhanced its governance model, and developed a comprehensive service ecosystem to meet the increasingly sophisticated demands of both the energy sector and the broader market.
The Company's equitization and the listing of PET shares on the Ho Chi Minh City Stock Exchange (HOSE) in 2007 marked a significant milestone, ushering in a new phase of growth. This transformation strengthened PETROSETCO's autonomy, expanded its market presence, enhanced its competitiveness, and aligned its corporate governance with modern international standards. After three decades of development, PETROSETCO has established four core business pillars: Distribution, Catering & Lifestyle Services, Supply Chain & Logistics, and Real Estate.
In the distribution sector, PETROSETCO has become a trusted partner of many leading global brands in information technology, telecommunications equipment, consumer electronics, home appliances, while continuously expanding into petrochemical and energy-related products. In Catering & Lifestyle Services, the Company continues to build on its longstanding strengths by providing catering solutions for corporate clients, hospitals, schools, industrial parks, collective kitchens, events and banquets, as well as offshore catering services. Notably, PETROSETCO remains one of Vietnam's leading providers of catering services for offshore oil and gas operations. Meanwhile, its procurement, logistics, freight forwarding, transportation, and real estate management services further strengthen the Company's diversified service ecosystem.
Congratulating PETROSETCO on its 30th anniversary, Mr. Vu Mai Khanh, General Director of the Vietsovpetro Joint Venture, emphasized that PETROSETCO's development journey has its roots in the lifestyle support services closely associated with Vietsovpetro. He noted that within the oil and gas industry—particularly at offshore facilities—catering and lifestyle services play a critical role in operational support, directly influencing workers' living conditions, health, morale, and their ability to maintain continuous offshore production. These services therefore make a significant contribution to ensuring safe, stable, and efficient operations.
Mr. Vu Mai Khanh, General Director of the Vietsovpetro Joint Venture
Mr. Vu Mai Khanh further acknowledged that what began as essential support services for oil and gas production has evolved into one of PETROSETCO's strongest business areas, distinguished by its scale, service quality, and professional management standards. Together with its supply of industrial materials, equipment, and specialized production support solutions, PETROSETCO has demonstrated comprehensive capabilities and a deep understanding of the unique requirements of the energy industry. Building upon their longstanding partnership, Vietsovpetro looks forward to further expanding cooperation with PETROSETCO across technical services, commercial operations, procurement, and production support, including new opportunities in offshore energy development, contributing to the sustainable growth of Vietnam's industrial and energy sectors.
Ms. Siau Yen Yen, Executive Director of the Client Solutions Business (CSB) for Vietnam and Southeast Asia at Dell Technologies
Speaking at the anniversary celebration, Ms. Siau Yen Yen, Executive Director of the Client Solutions Business (CSB) for Vietnam and Southeast Asia at Dell Technologies, reaffirmed PETROSETCO's position as Dell Technologies' trusted strategic partner in Vietnam. Throughout many years of collaboration, PETROSETCO has consistently demonstrated strong execution capabilities, adaptability, and deep market expertise, enabling both companies to deliver advanced technology solutions to a wide range of customers while supporting enterprises in modernizing their IT infrastructure and accelerating digital transformation. She also emphasized that people remain the driving force behind successful digital transformation and commended PETROSETCO for its continuous investment in talent development, professional capabilities, and long-term partnerships with customers and business partners.
PETROSETCO's 30-year journey has been built upon aspiration, trust, resilience, and the dedication of generations of leaders and employees. From providing essential services for the oil and gas industry, the Company has steadily evolved into a diversified enterprise with an increasingly professional and sustainable service ecosystem.
Mr. Phung Tuan Ha, Chairman of the Board of Directors of PETROSETCO, expresses his heartfelt appreciation to the Company's valued customers, business partners, and generations of leaders, officers, and employees for their trust, dedication, and enduring support throughout PETROSETCO's 30-year journey.
According to Mr. Phung Tuan Ha, Chairman of the Board of Directors of PETROSETCO, the Company's current position has been forged through numerous challenges, including limited resources during its early years, intense market competition, economic fluctuations, geopolitical changes, and periods of exceptional market volatility. Throughout this journey, PETROSETCO has consistently chosen to confront challenges proactively by restructuring its operations, embracing change, venturing beyond its traditional comfort zone, and expanding into new business models and industries while remaining firmly committed to its core values of transparency, integrity, and responsibility.
The Chairman also expressed sincere appreciation to Vietnam National Industry - Energy Group (Petrovietnam). Although Petrovietnam has completed its divestment in line with its restructuring roadmap, the values instilled by the Group continue to serve as an enduring foundation for PETROSETCO. These include discipline, safety and quality standards, a culture of responsibility, and above all, the spirit of Vietnam's oil and gas industry. PETROSETCO remains committed to preserving these values while continuing its close partnership with Petrovietnam within the national industrial and energy ecosystem.
Petrovietnam and PETROSETCO Sign Strategic Cooperation Agreement, Marking a New Chapter of Partnership within the Industrial–Energy Ecosystem
Extending his gratitude to generations of leaders, employees, and staff members, Mr. Phung Tuan Ha affirmed that PETROSETCO's greatest asset after three decades is its people—individuals who have remained dedicated, placed the Company's collective interests above personal gains, and helped shape PETROSETCO into the organization it is today. He also encouraged the younger generation to embrace continuous learning, welcome challenges, and step beyond their comfort zones, emphasizing that the Company's future will be built by individuals who possess knowledge, responsibility, ambition, and the courage to act.
Entering its fourth decade under the theme "Horizon 30+ – Connecting Values, Shaping the Future," PETROSETCO is committed to strengthening its internal capabilities, enhancing execution excellence, honoring every commitment, expanding its integrated service ecosystem, and fostering stronger partnerships both domestically and internationally. Building upon a foundation established through responsibility and trust, PETROSETCO looks ahead with confidence to a new chapter of sustainable growth, creating lasting value for shareholders, customers, partners, employees, and the wider community.