The Vietnam Petroleum Technical Services Corporation (PTSC) recently announced its business results for the first two months of 2026, reporting revenue of approximately 4.54 trillion VND, a 31.5% increase compared to the previous year. Pre-tax profit is estimated at 185 billion VND, or about 14% of the annual plan. PTSC aims for a total revenue of 34 trillion VND in 2026, with a pre-tax profit target of 1.5 trillion VND. The company plans to maintain an average revenue growth of 15% per year from 2026 to 2030. Petrovietnam’s leadership emphasized the need for PTSC to enhance its general contractor capabilities to engage more deeply in key energy projects. PTSC continues to participate in significant oil and gas projects and expand its activities in onshore energy. In 2025, the company’s total revenue reached over 32.556 trillion VND, a 37% increase, while net profit increased by 51% compared to 2024. PVS shares have increased by 50% since the beginning of the year, reaching 51,000 VND per share.
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