PetroVietnam Construction JSC
UUPCOM:PVX1,500.00
VND
0.00
(0.00%)
PetroVietnam Construction JSC
UPCOM:PVX
(Unlisted Public Company Market)
Recent
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1,500.00
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yld
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ROIC.AI
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- Business
- PetroVietnam Construction Joint Stock Corporation (PETROCONs), formerly known as PetroVietnam Construction Corporation (PVC), is a Vietnam-based engineering, procurement, construction, and manufacturing enterprise primarily engaged in providing EPC contracting, industrial fabrication, and infrastructure development services for the oil, gas, energy, and civil sectors. Founded in 1983 and headquartered in Hanoi, Vietnam, the company operates as a specialized construction subsidiary of the state-owned Vietnam National Oil and Gas Group (Petrovietnam). The company operates across multiple core business segments, offering a comprehensive portfolio of products and services, including: engineering, procurement, construction, and installation (EPC/EPCI) contracting for offshore and onshore energy infrastructure; offshore fabrication and marine installation of offshore drilling platforms, production jackets, topsides, and subsea pipelines; onshore oil and gas infrastructure construction, encompassing crude oil and liquefied petroleum gas (LPG) storage depots, gas processing facilities, pipeline transportation networks, and refinery units; industrial and power plant construction, including coal-fired thermal power plants, gas-fired combined-cycle plants, and renewable energy facilities; civil, commercial, and urban infrastructure construction, comprising high-rise office buildings, commercial complexes, educational institutions, and industrial park infrastructure; manufacturing and mechanical fabrication of specialized industrial equipment, such as pressure vessels, metal structures, casing pipes, drill rod connectors, storage tanks, and technological pipelines; and specialized maintenance, overhaul, repair, and technical inspection services for operating petroleum and power facilities. PetroVietnam Construction JSC primarily serves domestic energy operators, industrial enterprises, and government agencies throughout Vietnam. In recent developments, the corporation continues to implement a comprehensive financial and operational restructuring plan under Petrovietnam's group-wide strategic framework, aimed at addressing legacy liabilities, streamlining subsidiaries, and restoring its standing as an independent EPC general contractor. Operationally, the company completed the final acceptance, commercial commissioning, and formal handover of the 1,200-megawatt Thai Binh 2 Thermal Power Plant project, where it served as EPC general contractor, while engaging in multi-party negotiations to resolve technical and supply arrangements for the long-delayed Long Phu 1 Thermal Power Plant project. Furthermore, the company has secured new execution packages, including site preparation and land leveling for the Dung Quat Oil Refinery expansion project, positioning the business to capture upcoming EPC packages across national petroleum, gas-to-power, and refinery modernization programs.