BY DR.BUI NGOC BAO
CHAIRMAN OF VIETNAM NATIONAL PETROLEUM GROUP
AT THE CEREMONY TO PRESENT THE GROUP AND THE RECOGNITION OF THE BRAND
(Horizon Hotel, Hanoi, 12th
Mr. Vu Huy Hoang, Minister of Trade and Industry
behalf of the leadership and staff of Vietnam National Petroleum Group, I would
like to welcome all of you to this important ceremony of presenting the
identification of Petrolimex brand name and logos.
would like to thank you for your presence at this important meeting of
wishes to you for a New Year of good health, happiness and achievement.
implementation of the Prime Minister’s guidance at document 373/TB-VPCP
of 31 December 2009, Decision 828/QD-TTg of 31st May 2011 by the
Prime Minister approving the scheme of equitization and restructuring of
Vietnam National Petroleum Corporation into a multi-ownership group, Vietnam
National Petroleum Group completed all necessary formalities stipulated by law,
announced data, presented investment opportunities, issued shares to the public
and held Shareholders General Meeting with flying colours.
data about Vietnam National Petroleum Group are as follows:
Registered capital: 10,700 billion Vietnamese dongs
IPO : State-held 94.99%; public held 5,01%
- Total shares issued in 3 forms:
preference for workers, public auction and by agreement: 53,598,133 shares (
100% issued out = 5.01%)
- Existing shareholders of
Petrolimex: 15,167 in which 5 are institutional holders and 15162 are
- On 20th November 2011
Shareholders General Meeting approved the Statue of The Group and elected the
Board of Management (BoM) with following persons:
Mr. Bui Ngoc Bao
Mr. Tran Van Thinh
Mr. Dinh Thai Huong
Mr. Tran Van Thang
Mr. Nguyen Quang Kien
Mr. Vuong Thai Dung, and
Mr. Nguyen Thanh Son
The Board of Management elected Mr.
Bui Ngoc Bao Chairman of BoM and appointed Mr. Tran Van Thinh as Director
General of Vietnam National Petroleum Group.
The General Meeting elected the
Group Auditor Committee comprising the following:
(1) Mr. Tran Long An
(2) Mr. Pham Ngoc Thang
(3) Mr. Dang Quang Tuan
(4) Ms Nguyen Thu Ha
(5) Ms Dang Thi Hong
(6) Mr. Nguyen Vinh Thanh, and
(7) Mr. Dinh Viet Tien
Auditor Committee elected Mr. Tran Long An Chief of Auditor Committee of
Vietnam National Petroleum Group.
National Petroleum Group has made registration of the enterprise and announced
its official operation since the 1st of December 2011. Vietnam
National Petroleum Group inherits all the rights and obligations from Vietnam
National Petroleum Corporation.
of Petrolimex is an important landmark on the way of socialization of the
enterprise and onward to a public company.
now on, information on the Group will be published openly, periodically to
shareholders and the public as provided by law.
Petrolimex will have supervision and official comments from shareholders, end
users, from the public and society so as to build Vietnam National Petroleum
Group into a strong and dynamic economic group, ensuring the harmonization of
benefits of shareholders and the implementation of social and political mission
entrusted by the Party, Government to Vietnam National Petroleum Group in the
role of bearing the brunt of supplying oil to the economy.
the equitization, Vietnam National Petroleum Group is now restructuring in
compliance with the scheme given by the Prime Minister.
will continue promoting oil business in Vietnam
and international markets, at first in
regional markets: Singapore,
Laos, and Cambodia. Oil as the blood vein of
national economy will continue to be the core and leading goods of Petrolimex.
We are determined to ensure ample supply in any circumstance for the country as
directed by the Prime Minister (in 2008). Next to downstream sector, Petrolimex
will develop the upstream sector (Refining and petrochemical) aiming at
contributing to the modernization and industrialization of the country.
Petrolimex will selectively develop sectors around oil as lubricants, liquid
gas (civil and industrial gas), ocean transport (both to guarantee the supply
and to economize on foreign exchange) …To concentrate on promoting our
inner strength and comparative advantage, to promote the discipline and
strength of the system, assuring the inheritance and development spirit so that
Petrolimex will actually be a strong and dynamic economic group.
officially commenced the enterprise Resource Program (ERP) from the 4th
January 2012 at the holding company and will continue the program in the member
companies as scheduled. This is an advanced management program applied by many
multinational groups for maximal effective management of the enterprise. Data
in the ERP will be strictly, simultaneously and legally managed for the
management, operation and publication.
with business development and resource management, since 2008 Petrolimex
initiated the promotion of brand and logos. With the support of first class
brand partner, after a year of scrupulous implementation of the contract, the
JWT contractor has completed all important items of the project, namely:
(1) Strategy on Petrolimex brand
(2) Identification system of Petrolimex
(3) Procedure for the management of
(4) Enterprise culture and a code of conduct
55 years of building and maturing, generations of leaders, officers and workers
over various stages have tirelessly contributed their efforts and even blood
and bone to have built the brand of Petrolimex, well known and prestigious
brand at home and abroad.
present generation of leaders, officers and workers respect and inherit the
precious values. The new identification of Petrolimex brand originates from the
principle of inheritance and development.
Along the self conscious and proud imbuement of the above by Petrolimex
staff, the Neilsen study pointed out that the brand of Petrolimex is the pride
of the Vietnamese. Thus, Petrolimex lies in the blood and bone link of the
country and people of Vietnam.
put in a nutshell, the brand comprises two words: Confidence and love. To have
the confidence and love, there must be an ardent desire and an untiring and
staunch endeavor. To set up a brand is difficult; to maintain and develop that
brand requires the determination of the whole system from the highest leader to
the most modest worker. This must be achieved. This is our obligation for the
past as well as the future.
identification system Petrolimex is now unfurling is to restructure the image
of Petrolimex itself and its member companies so as to advance to an economic
group. Logos of many former Vietnam National Petroleum Corporation are now
standardized into two groupings of oil and non oil in the principle of
uniformity and high profession .and at the same time ensuring the unique
character of each member company.
identification system of Petrolimex at the same time creates the distinction
between Petrolimex and other source enterprises; between Petrolimex and the
chain of agents, general agents and other enterprises not in line with
Petrolimex in order to overcome the misunderstanding which frequently occurred
National Petroleum Group has made new registration in Vietnam and in some other
countries; and at the same time we reserve the right of property of old brands
in order to avert violations of Petrolimex brand With legal protection of the
brand, with our positive protection of brand, logos, images and prestige, we
are confident to successfully establish the distinction of the brand.
Vietnam National Petroleum Group is conscious that:
it is nonsense just to have a beautiful appearance.
is why in the time to come, the Group will concentrate on checking all
procedures, norms; to intensify the supervision and self supervision; to
complete the procedure of management and control, especially the points
susceptible for irregularities; resolutely dismiss or fire any individual who
commit fraud, irregularity for personal benefit affecting the interest of end
users and the image and prestige of Petrolimex.
to that, Petrolimex concentrates its efforts to build the enterprise culture and
code of conduct at all member companies, giving merit to good deeds and good
people and improve the management of brand name.
name is the process and the work of all member of the organization.
are determined to build the Petrolimex brand image closely linked with
quantity, quality and advanced culture. This is just the content and the meaning
of the brand which Petrolimex is consolidating and promoting.
being is the focal point of Petrolimex. The enterprise itself is just the
environment for individuals to live and work, to express his/her responsibility
and virtue. The work of training and self education is important. Besides the
work of education and propaganda of social and political units of the
enterprise, Petrolimex determines that the building of enterprise culture plays
a very important role in moving further.
the core value of “Inheritance-Progress-Identity-Diversity”,
with the character of “Responsibility-Determination- Optimism-Confidence”
over the past 55 years, with a vision of “moving further”
of Petrolimex generation of today, leadership, officers and workers are
profoundly confident that we shall retain your confidence and love.
have seen the new appearance of Petrolimex oil stations. Brighter, more
beautiful and spacious. Each station is the destination of end users and is the
convergence of customers’ confidence in terms of quality of
goods and services.
with the change in identification of brand, in the year 2012 Petrolimex will
concentrate on the completion of procedures and norms, put the code of conduct
into life as the standard, determinedly and successfully build Petrolimex
advanced and nationalistic culture
with the equitization and restructuring of Petrolimex , the leadership of Vietnam
National Petroleum Group determines that the development of infrastructure and
market , the implementation of ERP and
the promotion of brand name are the 3 spearheads for Petrolimex to build a
strong and dynamic economic group, worthy of shareholders confidence,
customers, partners and the public.
National Petroleum Group hereby officially announces the new identification of
Petrolimex brand and logos
ceremony announcing the new identification of Petrolimex is the commitment of
quality of goods and services provided by Petrolimex to all end users, partners
in and out of the country
this occasion, on behalf of the collective leadership, officers and workers of
Petrolimex, I would like to express our gratitude to the leaders of the Party,
Government, Ministries, Departments of various sectors, authorities of all
levels, shareholders, partners in and out of the country, press agencies,
journalists and correspondents for their close attention and support for the
former Vietnam National Petroleum Corporation and the Vietnam National
Petroleum Group now to accomplish the mission entrusted.
would like to express my since gratitude to the governments and peoples of Laos, Cambodia
and Singapore for their
facilitations and support for Petrolimex to be present and do business,
contributing to the economic development and the strengthening of friendly
cooperation between Vietnam
and regional countries.
the occasion of the Lunar New Year 2012, best wishes of good health, happiness
BUI NGOC BAO
of Board of Management