Information about the Company
Established in 1976, PTSC is a member of the Vietnam Oil & Gas Group (PetroVietnam – PVN) in Vung Tau city. Over 46 years of development, PTSC has become an outstanding brand name and a leading contractor in providing technical services for the oil & gas industry and other industries in Vietnam. PTSC's core businesses are to provide technical services for oil & gas, energy, and industrial sectors including high technical solutions, high quality, and professional approaching international standards such as EPCIC for offshore facilities; EPC for industrial plants; FSO/FPSO; Offshore supply vessels; Geological survey; Installation, operation, and maintenance of offshore facilities; Port & Supply Base and Technical manpower supply as well as Invest, develop and provide offshore renewable energy services. With the target of building PTSC as an internationally trusted brand name – a leading comprehensive solutions provider for the energy sector, focusing on the offshore oil & gas industry, PTSC has been stabilizing and maintaining its business activities as well as promoting full services solutions to enhance the benefits and trust of investors, clients, partners, and employees, contribute to social and community development and environment protection.
Company Culture & Company Activities
With a view that business development must go hand in hand with improvement in working conditions, life quality improvement, rights, and benefit assurance for employees are both a target and motivations of sustainable development. Besides offering multiple solutions to strengthen management and enhance business efficiency, PTSC has built a professional working environment and harmonious relations between employees and employers. PTSC treats all employees equally. PTSC ensures compliance with the principle of equality in recruitment, appointment, and pay rise. PTSC has been constantly improving and applying the regulations on assessing the level of work completed as a basis to pay employees fairly, employees receive pay according to the capacity and quality of work. PTSC has paid premiums of mandatory social insurance and health insurance for employees on their monthly title-based salary while purchasing a supporting insurance package for their relatives. Employees are entitled to allowances on the anniversary of PTSC and events over the year. Employees are entitled to vacation at least once a year depending on business results.
Established in 1976, PTSC is a member of the Vietnam Oil & Gas Group (PetroVietnam – PVN) in Vung Tau city. Over 46 years of development, PTSC has become an outstanding brand name and a leading contractor in providing technical services for the oil & gas industry and other industries in Vietnam. PTSC's core businesses are to provide technical services for oil & gas, energy, and industrial sectors including high technical solutions, high quality, and professional approaching international standards such as EPCIC for offshore facilities; EPC for industrial plants; FSO/FPSO; Offshore supply vessels; Geological survey; Installation, operation, and maintenance of offshore facilities; Port & Supply Base and Technical manpower supply as well as Invest, develop and provide offshore renewable energy services. With the target of building PTSC as an internationally trusted brand name – a leading comprehensive solutions provider for the energy sector, focusing on the offshore oil & gas industry, PTSC has been stabilizing and maintaining its business activities as well as promoting full services solutions to enhance the benefits and trust of investors, clients, partners, and employees, contribute to social and community development and environment protection.
Company Culture & Company Activities
With a view that business development must go hand in hand with improvement in working conditions, life quality improvement, rights, and benefit assurance for employees are both a target and motivations of sustainable development. Besides offering multiple solutions to strengthen management and enhance business efficiency, PTSC has built a professional working environment and harmonious relations between employees and employers. PTSC treats all employees equally. PTSC ensures compliance with the principle of equality in recruitment, appointment, and pay rise. PTSC has been constantly improving and applying the regulations on assessing the level of work completed as a basis to pay employees fairly, employees receive pay according to the capacity and quality of work. PTSC has paid premiums of mandatory social insurance and health insurance for employees on their monthly title-based salary while purchasing a supporting insurance package for their relatives. Employees are entitled to allowances on the anniversary of PTSC and events over the year. Employees are entitled to vacation at least once a year depending on business results.
Comprehensive solutions, driven by trust
Achievements & Impact
Facing extremely difficult circumstances from the dual impact of the pandemic and the oil price decline, PTSC has maximized its economic efficiency by outstandingly completing and exceeding targets set out in the 2021 business plan. PTSC achieved consolidated revenue of VND14,711 billion, reaching 147% of the annual plan, and consolidated pretax profit of VND878 billion, hitting 125% of the annual plan. PTSC contributed to the National budget of VND916 billion.
PTSC's strategy is taking advantage of its unique competitive advantage to grow into an internationally recognized trusted brand with a focus on high-quality oil and gas services as its core and extending business coverage to new industries and oversea markets. Besides, PTSC is maintaining and stabilizing business activities while developing full services oil and gas technical solutions/service chain as well as taking advantage of tough but recovering oil and gas industry along with utilizing PTSC’s healthy financial capability to increase investment, fortify inner strength and be prepared for upcoming industry’s tailwinds.
Future Direction
Understanding that new challenges and opportunities are awaiting ahead, PTSC is ready to deal with challenges and take proper actions to transform opportunities into positive outcomes. PTSC is developing stably, and sustainably and confirming PTSC's position as a leading, high-quality provider of oil and gas technical services in Vietnam. Besides gradually increasing the market share of services outside the oil & gas industry and overseas services while promoting its role as a member of Vietnam National Oil and Gas Group (PetroVietnam), PTSC is strengthening cooperation with potential partners at home and abroad to enhance the competitiveness, develop new services, and actively acquiring new technology to dominate the domestic market and expand to Southeast Asia and the Middle East market. PTSC will proceed with the overall restructure to adapt to actual situations and ensure sustainable development; boosting investments to optimize resources and increase its strength with medium- and long-term visions; developing the human resource, reducing operating and service costs, building a risk management system, strengthening cooperation, researching and launching new services.
Facing extremely difficult circumstances from the dual impact of the pandemic and the oil price decline, PTSC has maximized its economic efficiency by outstandingly completing and exceeding targets set out in the 2021 business plan. PTSC achieved consolidated revenue of VND14,711 billion, reaching 147% of the annual plan, and consolidated pretax profit of VND878 billion, hitting 125% of the annual plan. PTSC contributed to the National budget of VND916 billion.
PTSC's strategy is taking advantage of its unique competitive advantage to grow into an internationally recognized trusted brand with a focus on high-quality oil and gas services as its core and extending business coverage to new industries and oversea markets. Besides, PTSC is maintaining and stabilizing business activities while developing full services oil and gas technical solutions/service chain as well as taking advantage of tough but recovering oil and gas industry along with utilizing PTSC’s healthy financial capability to increase investment, fortify inner strength and be prepared for upcoming industry’s tailwinds.
Future Direction
Understanding that new challenges and opportunities are awaiting ahead, PTSC is ready to deal with challenges and take proper actions to transform opportunities into positive outcomes. PTSC is developing stably, and sustainably and confirming PTSC's position as a leading, high-quality provider of oil and gas technical services in Vietnam. Besides gradually increasing the market share of services outside the oil & gas industry and overseas services while promoting its role as a member of Vietnam National Oil and Gas Group (PetroVietnam), PTSC is strengthening cooperation with potential partners at home and abroad to enhance the competitiveness, develop new services, and actively acquiring new technology to dominate the domestic market and expand to Southeast Asia and the Middle East market. PTSC will proceed with the overall restructure to adapt to actual situations and ensure sustainable development; boosting investments to optimize resources and increase its strength with medium- and long-term visions; developing the human resource, reducing operating and service costs, building a risk management system, strengthening cooperation, researching and launching new services.
CORPORATE EXCELLENCE CATEGORY
PTSC
Information about the Company
Established in 1976, PTSC is a member of the Vietnam Oil & Gas Group (PetroVietnam – PVN) in Vung Tau city. Over 46 years of development, PTSC has become an outstanding brand name and a leading contractor in providing technical services for the oil & gas industry and other industries in Vietnam. PTSC's core businesses are to provide technical services for oil & gas, energy, and industrial sectors including high technical solutions, high quality, and professional approaching international standards such as EPCIC for offshore facilities; EPC for industrial plants; FSO/FPSO; Offshore supply vessels; Geological survey; Installation, operation, and maintenance of offshore facilities; Port & Supply Base and Technical manpower supply as well as Invest, develop and provide offshore renewable energy services. With the target of building PTSC as an internationally trusted brand name – a leading comprehensive solutions provider for the energy sector, focusing on the offshore oil & gas industry, PTSC has been stabilizing and maintaining its business activities as well as promoting full services solutions to enhance the benefits and trust of investors, clients, partners, and employees, contribute to social and community development and environment protection.
Company Culture & Company Activities
With a view that business development must go hand in hand with improvement in working conditions, life quality improvement, rights, and benefit assurance for employees are both a target and motivations of sustainable development. Besides offering multiple solutions to strengthen management and enhance business efficiency, PTSC has built a professional working environment and harmonious relations between employees and employers. PTSC treats all employees equally. PTSC ensures compliance with the principle of equality in recruitment, appointment, and pay rise. PTSC has been constantly improving and applying the regulations on assessing the level of work completed as a basis to pay employees fairly, employees receive pay according to the capacity and quality of work. PTSC has paid premiums of mandatory social insurance and health insurance for employees on their monthly title-based salary while purchasing a supporting insurance package for their relatives. Employees are entitled to allowances on the anniversary of PTSC and events over the year. Employees are entitled to vacation at least once a year depending on business results.
Established in 1976, PTSC is a member of the Vietnam Oil & Gas Group (PetroVietnam – PVN) in Vung Tau city. Over 46 years of development, PTSC has become an outstanding brand name and a leading contractor in providing technical services for the oil & gas industry and other industries in Vietnam. PTSC's core businesses are to provide technical services for oil & gas, energy, and industrial sectors including high technical solutions, high quality, and professional approaching international standards such as EPCIC for offshore facilities; EPC for industrial plants; FSO/FPSO; Offshore supply vessels; Geological survey; Installation, operation, and maintenance of offshore facilities; Port & Supply Base and Technical manpower supply as well as Invest, develop and provide offshore renewable energy services. With the target of building PTSC as an internationally trusted brand name – a leading comprehensive solutions provider for the energy sector, focusing on the offshore oil & gas industry, PTSC has been stabilizing and maintaining its business activities as well as promoting full services solutions to enhance the benefits and trust of investors, clients, partners, and employees, contribute to social and community development and environment protection.
Company Culture & Company Activities
With a view that business development must go hand in hand with improvement in working conditions, life quality improvement, rights, and benefit assurance for employees are both a target and motivations of sustainable development. Besides offering multiple solutions to strengthen management and enhance business efficiency, PTSC has built a professional working environment and harmonious relations between employees and employers. PTSC treats all employees equally. PTSC ensures compliance with the principle of equality in recruitment, appointment, and pay rise. PTSC has been constantly improving and applying the regulations on assessing the level of work completed as a basis to pay employees fairly, employees receive pay according to the capacity and quality of work. PTSC has paid premiums of mandatory social insurance and health insurance for employees on their monthly title-based salary while purchasing a supporting insurance package for their relatives. Employees are entitled to allowances on the anniversary of PTSC and events over the year. Employees are entitled to vacation at least once a year depending on business results.
Comprehensive solutions, driven by trust
Achievements & Impact
Facing extremely difficult circumstances from the dual impact of the pandemic and the oil price decline, PTSC has maximized its economic efficiency by outstandingly completing and exceeding targets set out in the 2021 business plan. PTSC achieved consolidated revenue of VND14,711 billion, reaching 147% of the annual plan, and consolidated pretax profit of VND878 billion, hitting 125% of the annual plan. PTSC contributed to the National budget of VND916 billion.
PTSC's strategy is taking advantage of its unique competitive advantage to grow into an internationally recognized trusted brand with a focus on high-quality oil and gas services as its core and extending business coverage to new industries and oversea markets. Besides, PTSC is maintaining and stabilizing business activities while developing full services oil and gas technical solutions/service chain as well as taking advantage of tough but recovering oil and gas industry along with utilizing PTSC’s healthy financial capability to increase investment, fortify inner strength and be prepared for upcoming industry’s tailwinds.
Future Direction
Understanding that new challenges and opportunities are awaiting ahead, PTSC is ready to deal with challenges and take proper actions to transform opportunities into positive outcomes. PTSC is developing stably, and sustainably and confirming PTSC's position as a leading, high-quality provider of oil and gas technical services in Vietnam. Besides gradually increasing the market share of services outside the oil & gas industry and overseas services while promoting its role as a member of Vietnam National Oil and Gas Group (PetroVietnam), PTSC is strengthening cooperation with potential partners at home and abroad to enhance the competitiveness, develop new services, and actively acquiring new technology to dominate the domestic market and expand to Southeast Asia and the Middle East market. PTSC will proceed with the overall restructure to adapt to actual situations and ensure sustainable development; boosting investments to optimize resources and increase its strength with medium- and long-term visions; developing the human resource, reducing operating and service costs, building a risk management system, strengthening cooperation, researching and launching new services.
Facing extremely difficult circumstances from the dual impact of the pandemic and the oil price decline, PTSC has maximized its economic efficiency by outstandingly completing and exceeding targets set out in the 2021 business plan. PTSC achieved consolidated revenue of VND14,711 billion, reaching 147% of the annual plan, and consolidated pretax profit of VND878 billion, hitting 125% of the annual plan. PTSC contributed to the National budget of VND916 billion.
PTSC's strategy is taking advantage of its unique competitive advantage to grow into an internationally recognized trusted brand with a focus on high-quality oil and gas services as its core and extending business coverage to new industries and oversea markets. Besides, PTSC is maintaining and stabilizing business activities while developing full services oil and gas technical solutions/service chain as well as taking advantage of tough but recovering oil and gas industry along with utilizing PTSC’s healthy financial capability to increase investment, fortify inner strength and be prepared for upcoming industry’s tailwinds.
Future Direction
Understanding that new challenges and opportunities are awaiting ahead, PTSC is ready to deal with challenges and take proper actions to transform opportunities into positive outcomes. PTSC is developing stably, and sustainably and confirming PTSC's position as a leading, high-quality provider of oil and gas technical services in Vietnam. Besides gradually increasing the market share of services outside the oil & gas industry and overseas services while promoting its role as a member of Vietnam National Oil and Gas Group (PetroVietnam), PTSC is strengthening cooperation with potential partners at home and abroad to enhance the competitiveness, develop new services, and actively acquiring new technology to dominate the domestic market and expand to Southeast Asia and the Middle East market. PTSC will proceed with the overall restructure to adapt to actual situations and ensure sustainable development; boosting investments to optimize resources and increase its strength with medium- and long-term visions; developing the human resource, reducing operating and service costs, building a risk management system, strengthening cooperation, researching and launching new services.