The PetroVietnam Gas Corporation (PV Gas), a subsidiary of the Vietnam Oil and Gas Group, is among the top 50 Vietnamese firms to receive the 2019 Sustainable Energy Award. Founded in 1990, PV Gas is a pioneer of the gas industry in Vietnam and annually produces resources generating 30 per cent of the country’s electricity output. To receive the honour, the company has demonstrated outstanding performance in several areas including effective production, fulfilment of tasks assigned by the government, compliance with regulations on the efficient use of energy and innovation in business activities.
The vote-based Sustainable Energy Awards were conducted by the Ministry of Industry and Trade and the Vietnam Energy Conservation and Energy Efficiency Association for the first time as part of the national programme on energy efficiency for 2019-30. Around 500 companies in the country’s electricity, oil and gas, coal mining and renewable energy sectors were involved in the award programme. In March 2019, the government approved a national target programme on economical and efficient energy use for 2019-30, which aims to save 5-7 per cent of total energy consumed during 2019-25 and 8-10 per cent during 2019-30.