PV Gas NCSP hits H1 business targets with focus on safety

By Minh Anh
Thu, July 18, 2024 | 1:27 pm GMT+7

Nam Con Son Gas Pipeline Company (PV Gas NCSP), a subsidiary of gas giant PV Gas, has completed all tasks and met all H1 targets while staying focused on safety.

In the first six months of 2024, the firm received, processed and transported nearly 1.13 billion Standard cubic meters (Sm3) of gas, or an average of about 6.2 million Sm3 of gas day and night, with 100% reliability and operational availability.

Security, safety, and fire prevention were maintained with the company recording no security issues, no incidents of chemical spills, no gas supply interruption and no serious damage to property and environment. Notably, it also recorded no incidents of Lost Time Injury (LTI).

From January 1, 2024 to May 31, 2024, the company accumulated 197,935 safe working hours.

PV Gas also carried out 7,846 maintenance and repair tasks with many improvements and optimizations, ensuring quality and contributing to stable plant operations. Critical equipment was maintained and operated per schedule.

PV Gas NCSP carried out maintenance and repair works in a secure and effective manner to ensure stable gas supply in H1/2024. Photo courtesy of PV Gas NCSP.

PV Gas NCSP carried out maintenance and repair works in a secure and effective manner to ensure stable gas supply in H1/2024. Photo courtesy of PV Gas NCSP.

The company has earned high appreciation from local governments and residents for its social, humanitarian work that offered practical support to the community at large.

For instance, it has participated in the “Love Connection” program of the Ba Ria-Vung Tau Radio and Television station to support needy people in the province.

For instance, it has backed the “VND2,000 Love Kitchen" (VND2,000 = 8 U.S. cents) in Vung Tau town to provide lunches for needy people; taken care of Vietnamese Heroic Mother Nguyen Thi Dong in the southern province’s Binh My hamlet, Chau Duc district.

The company has also given 100 gifts worth a combined VND58 million ($2,290) to poor and needy households in Son Binh commune, Chau Duc district within the framework of the “Spring of Love 2024” program.

PV Gas NCSP has allocated VND940 million ($37,170) for social work this year, covering 11 programs in education, health and house building.

A PV Gas NCSP gift-handover ceremony for needy people. Photo courtesy of the company.

A PV Gas NCSP gift-handover ceremony for needy people. Photo courtesy of the company.

The company has also followed guidelines from parent firm PV Gas to maintain its corporate culture in an “active, creative and diverse manner,” fostering internal communications to create a “multi-dimensional influence” on its executives and employees.

It has offered courses to develop professional and leadership capacities. It has also built reading spaces as part of efforts to promote a learning culture through self-study, self-training and strengthening internal training among employees.

In training, it has paid full attention to implementing the “5S” model, (five Japanese standards: Seiri, Seiton, Seiso, Seiketsu, and Shitsuke) to create a friendly and increasingly professional working environment.

Comments (0)
  • Read More
Japan’s Nishi-Nippon Railroad plans to build 22,000 homes in Vietnam by 2035

Japan’s Nishi-Nippon Railroad plans to build 22,000 homes in Vietnam by 2035

Japan’s Nishi-Nippon Railroad, widely known as Nishitetsu, plans to develop 22,000 housing units in Vietnam by 2035 via a partnership with local developer Nam Long Investment Corporation (HoSE: NLG).

Real Estate - Tue, May 5, 2026 | 9:49 pm GMT+7

Vietnam's tech unicorn VNG books record quarterly profit since 2022 listing

Vietnam's tech unicorn VNG books record quarterly profit since 2022 listing

Vietnam’s tech unicorn VNG (UPCoM: VNZ) reported its highest quarterly profit since going public in 2022, as growth across core business segments and tighter cost controls lifted earnings in Q1/2026.

Companies - Tue, May 5, 2026 | 4:01 pm GMT+7

Dragon Capital Vietnam posts best quarterly profit in 3 years

Dragon Capital Vietnam posts best quarterly profit in 3 years

Dragon Capital Vietnam (UPCoM: DCV) reported its strongest quarterly earnings in three years, driven by robust growth in investment advisory and asset management activities.

Companies - Tue, May 5, 2026 | 3:44 pm GMT+7

Petrolimex profit confusion rattles investors amid disclosure delay

Petrolimex profit confusion rattles investors amid disclosure delay

Petrolimex, Vietnam's biggest gasoline retailer by market share, has come under scrutiny after delays and conflicting signals around its Q1/2026 earnings triggered sharp swings in its shares, highlighting risks for investors amid information gaps.

Companies - Tue, May 5, 2026 | 3:24 pm GMT+7

Intel shifts data center chip production line to Vietnam

Intel shifts data center chip production line to Vietnam

Intel is relocating a production line for data center chips from Costa Rica to its Vietnam facility, reinforcing the Southeast Asian country’s role in the giant's global supply chain.

Industries - Tue, May 5, 2026 | 1:01 pm GMT+7

PVS Q1 profit rises 45%, warranty provisions surge

PVS Q1 profit rises 45%, warranty provisions surge

PetroVietnam Technical Services Corporation or PTSC (HNX: PVS), a subsidiary of state-owned Petrovietnam, reported a 45% increase in Q1 net profit for 2026, supported by the handover of several large projects, though a sharp rise in warranty provisions weighed on margin expansion.

Companies - Tue, May 5, 2026 | 11:42 am GMT+7

‘Vegetarian-fed pork’ brand owner BAF posts record quarterly profit

‘Vegetarian-fed pork’ brand owner BAF posts record quarterly profit

BAF Vietnam Agriculture JSC, known for its “vegetarian-fed pork” brand, reported a record net profit of VND206 billion ($7.82 million) in the first quarter of 2026, marking its highest quarterly earnings on record.

Companies - Tue, May 5, 2026 | 8:17 am GMT+7

Petrovietnam shipyard arm's pre-tax profit surges over 10-fold

Petrovietnam shipyard arm's pre-tax profit surges over 10-fold

Petrovietnam Marine Shipyard JSC (PV Shipyard), a subsidiary of state-owned giant Petrovietnam, reported a strong first quarter of 2026, with revenue rising sharply and pre-tax profit increasing more than 10-fold year-on-year.

Companies - Mon, May 4, 2026 | 3:49 pm GMT+7

Petrovietnam, Samsung Heavy Industries sign cooperation deal

Petrovietnam, Samsung Heavy Industries sign cooperation deal

Petrovietnam and Samsung Heavy Industries have signed an MoU to establish a cooperation framework in shipbuilding, energy industry, and related sectors.

Companies - Mon, May 4, 2026 | 2:11 pm GMT+7

Imprisoned entrepreneur, spouse hold over 6.3% stake in Vietnam private lender ACB

Imprisoned entrepreneur, spouse hold over 6.3% stake in Vietnam private lender ACB

The combined stake held by imprisoned businessman Nguyen Duc Kien and his spouse in the Asia Commercial Bank (ACB) is valued at nearly VND7.62 trillion ($289.23 million), based on the ACB market price of VND23,500 ($0.89) per share last Wednesday.

Banking - Mon, May 4, 2026 | 1:10 pm GMT+7

Vietnam manufacturing purchasing managers' index drops to 7-month low in April

Vietnam manufacturing purchasing managers' index drops to 7-month low in April

Vietnamese manufacturers recorded a drop in new orders in April as inflationary pressures hit 15-year highs amid increased costs for fuel and oil in particular, according to S&P Global.

Economy - Mon, May 4, 2026 | 12:08 pm GMT+7

Vietnam bank profits diverge in Q1, favoring large lenders

Vietnam bank profits diverge in Q1, favoring large lenders

The Vietnamese banking sector’s profits in Q1/2026 showed a clear divergence, with growth seen among large lenders with strong capital and asset quality while smaller banks facing mounting pressure from rising funding costs and credit risks.

Banking - Mon, May 4, 2026 | 10:51 am GMT+7

Gelex invests $304 mln in Gia Binh airport project

Gelex invests $304 mln in Gia Binh airport project

Gelex Group has invested VND8 trillion ($303.54 million) in a company developing the Gia Binh International Airport in northern Vietnam, driving a sharp increase in its investments in associates in the first quarter of 2026.

Companies - Mon, May 4, 2026 | 8:07 am GMT+7

PV Drilling profit accelerates, Brunei bottleneck persists

PV Drilling profit accelerates, Brunei bottleneck persists

Petrovietnam subsidiary PV Drilling reported strong earnings growth in the first quarter of 2026 on the back of a recovery in the oil and gas market, but continued to face profitability challenges in Brunei, a market with sizable assets that has yet to deliver commensurate returns.

Companies - Mon, May 4, 2026 | 8:00 am GMT+7

Vietnam’s auto industry paradox: Fast growth, but localization remains 'near zero'

Vietnam’s auto industry paradox: Fast growth, but localization remains 'near zero'

Vietnam’s automobile market expanded rapidly in 2025, yet localization rates - particularly for passenger cars - remain stubbornly low, highlighting a structural gap in the industry’s development.

Economy - Sun, May 3, 2026 | 3:17 pm GMT+7

China’s retail giant Meiyijia enters Southeast Asia with first stores in Vietnam, Malaysia

China’s retail giant Meiyijia enters Southeast Asia with first stores in Vietnam, Malaysia

China’s largest convenience store chain Meiyijia has made its first move into Southeast Asia with initial outlets in Vietnam and Malaysia under a new brand, signaling intensifying competition in the region’s fast-growing retail market.

Companies - Sun, May 3, 2026 | 8:07 am GMT+7