On Jan 15, 2025, at the Year-End Review Conference on the 2024 Party Work, Business Operations and the 2025 Employee Conference, Sao Mai – Ben Dinh Petroleum Investment Joint Stock Company (SMBĐ) received an important directive from Mr. Phan Thanh Tung, Party Committee’s Secretary, PTSC’s Chairman. He emphasized that SMBD must innovate and create new value based on PTSC’s existing technology and technical service system. He urged SMBĐ to actively intergrate into PTSC’s high-tech service supply chain.

This directive was strongly reinforced throughout PTSC via the 2025 Lunar New Year Message from PTSC’s leadership to employees. Under the slogan “Proactiveness, Creativity, Cooperation, and Pioneering”, the leadership underscored that Innovation is not just a task but a guiding principle for PTSC’s development, enhancement, and long-term sustainability. The message also fostered solidarity and a shared ambition to overcome great challenges in this new era—the Era of National Growth and Expansion.

     During the event, Mr. Duong Hung Van, Director of SMBĐ, presented the 2025 plan and the company’s strategic development direction for 2025–2030, with a vision extending to 2040. The strategy focuses on three major breakthroughs:

       1. Accelerating Infrastructure Development: In 2024, SMBĐ successfully completed land reclamation for a 6.5-hectare storage yard, which is now ready for use. In 2025, the company aims to complete reclamation for an additional 21.5 hectares and finalize procedures for the construction of a 180-meter quay (Phase 1) by 2026. Once completed, this modern infrastructure system will support key projects, including the Block B – Ô Môn Project, PTSC’s renewable energy projects, and other oil and gas initiatives.

       2. Expanding Collaboration Within PTSC’s Ecosystem: SMBĐ will invest in mechanical fabrication and manufacturing workshops in collaboration with other PTSC ecosystem entities. This investment will enable SMBĐ to deliver high quality products and services to both domestic and international oil and gas projects, reinforcing its core service offerings.

       3. Enhancing Corporate Governance: By leveraging PTSC’s advanced, efficient, and transparent enterprise management system, SMBĐ aims to fully integrate into PTSC’s governance framework. An effective governance system will enhance transparency, reduce risks and errors, improve operational efficiency, and ensure sustainable growth.

     On behalf of PTSC’s Board of Directors, Mr. Tran Hoai Nam, Deputy General Director, highly appreciated SMBĐ’s determination in executing its plans, vision, and strategic direction. He reiterated that PTSC’s strategy requires bold and decisive innovation to enhance capabilities, integrate into the global energy supply chain, and develop a digital transformation strategy to modernize operations and optimize processes. PTSC is fully committed to supporting SMBĐ in achieving its objectives and strategic goals. SMBĐ’s Determination and Commitment

     The Board of Directors, employees, and workers at SMBĐ deeply understand that these objectives present both challenges and opportunities to strengthen the company’s position within PTSC’s high-tech service supply chain. With PTSC’s support, and adhering to the directive of “Breakthrough and Conquer, with Proactiveness, Creativity, and Pioneering Spirit, driven by Faith, Discipline, and Execution, through Cooperation and Connectivity”, SMBĐ is committed to successfully executing its mission and contributing significantly to PTSC’s overall success.

Accompanying Images:

PTSC’s New Year Greeting Letter

Mr. Phan Thanh Tung delivering his speech

Mr. Duong Hung Van presenting the company’s report

 Mr. Tran Hoai Nam delivering his remarks