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PV Drilling Named Among Top 20 VNSI Companies and Top 50 ESG Leaders in Vietnam 2026

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Petrovietnam Drilling and Well Service Corporation (PV Drilling; HOSE: PVD), a member of the Vietnam National Industry – Energy Group (PETROVIETNAM), has been named among the Top 20 companies in the Vietnam Sustainability Index (VNSI) 2026, announced by the Ho Chi Minh Stock Exchange (HOSE), while also securing a place among the Top 50 ESG Leading Companies in Vietnam 2026, selected by Forbes Vietnam.

PV Drilling was also ranked among the Top 100 state-owned enterprises making the largest contributions to Vietnam’s state budget, according to STATE 100 statistics for 2026.

These recognitions further demonstrate PV Drilling’s continued efforts to integrate Environmental, Social and Governance (ESG) principles into its sustainable development strategy, corporate governance, and business operations.

According to HOSE, the VNSI is an official stock market index designed to assess listed companies demonstrating outstanding sustainability performance. Under the VNSI 2.0 methodology, 20 constituent stocks are selected from the VN100 based on eligibility screening criteria and their sustainability scores, with only the highest-performing companies included.

PV Drilling’s continued inclusion in the VNSI in 2026 reflects market recognition of the Corporation’s efforts to strengthen corporate governance and sustainable development practices. It also enhances PV Drilling’s visibility as an oil and gas drilling contractor among both domestic and international investors.

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PV Drilling continues to invest in drilling rigs to meet market demand while advancing its sustainable development objectives. 

PV Drilling was selected among the Top 50 ESG Leading Companies in Vietnam 2026 after successfully meeting the rigorous screening criteria established by Forbes Vietnam. The recognition followed a comprehensive review process and independent technical assessment conducted by SGS Vietnam, based on 66 indicators covering environmental, social, governance, financial, and compliance criteria.

To qualify for the recognition, PV Drilling successfully passed 10 eligibility criteria with a compliance rate of more than 80%, had no material issues affecting its eligibility, and provided comprehensive, verifiable information, data, and supporting documentation.

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PV Drilling actively participates in the “For a Green Vietnam” program

In terms of governance, in 2025, PV Drilling established the Strategy and ESG Sustainable Development Committee under its Board of Directors, issued its ESG Policy Framework and ESG Objectives for the 2026–2030 period, and developed a unified set of ESG indicators and an ESG data governance system across the Corporation.

At the same time, PV Drilling has continued to strengthen risk management, optimize internal controls, and enhance transparency across its operations.

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PV Drilling has sponsored STEM classrooms as well as school construction projects and Great Solidarity Houses in various localities, contributing to community development.

In the environmental pillar, PV Drilling significantly reduced its electricity consumption intensity from 425.42 to 239.30 kWh per VND billion of revenue between 2023 and 2025.By increasing the proportion of LED lighting used on its drilling rigs to 81%, the Corporation has achieved annual savings of approximately 1,119 tonnes of diesel oil (DO). PV Drilling also recorded three consecutive years without any violations of environmental regulations, while maintaining 100% compliance in the treatment of wastewater and hazardous waste in accordance with applicable requirements. In the social pillar, PV Drilling increased its total employee training hours from 43,716 hours to 70,424 hours between 2023 and 2025. The employee retention rate reached 91%, while local employees accounted for 84% of the workforce.

PV Drilling also significantly increased its investment in Corporate Social Responsibility (CSR), from VND 1.4 billion to VND 30.2 billion, while allocating VND 959 million to reforestation initiatives.

Notably, PV Drilling’s ESG achievements have been delivered alongside strong business performance. Between 2023 and 2025, the Corporation’s consolidated revenue increased from VND 5,804 billion to VND 11,553 billion, while profit before tax rose from VND 658 billion to VND 1,386 billion.

PV Drilling also contributed more than VND 1,000 billion to the state budget in 2025. Meanwhile, drilling rig operational efficiency remained at approximately 99.9%, demonstrating how ESG is increasingly becoming a driver of value creation and enhanced competitiveness for PV Drilling.

PV Drilling’s continued position among the 20 HOSE-listed companies demonstrating the strongest ESG performance, together with its recognition among the Top 50 ESG Leading Companies in Vietnam 2026, once again demonstrates the effectiveness of integrating ESG principles into the Corporation’s sustainable development strategy, governance, and business operations. According to STATE 100 statistics for 2026, PV Drilling was also ranked among the Top 100 state-owned enterprises making the largest contributions to Vietnam’s state budget, based on actual payments made by enterprises during the 2025 financial year.

PV Drilling was among 71 of the Top 100 enterprises that contributed more than VND 1,000 billion to the state budget.

The Corporation continues to reaffirm its role and positive contribution to the national budget. In the first six months of 2026 alone, PV Drilling contributed VND 879 billion to the state budget.

Nguồn: Petrotimes 

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Fire Protection Equipment and System Services

Service Overview

In the oil and gas, heavy industry, and offshore sectors, the risk of fire and explosion is ever-present due to the presence of flammable fuels, high-power electrical systems, and harsh operating conditions. Ensuring that fire protection equipment and systems are always ready for operation is a mandatory requirement to protect people, property, and maintain the continuity of production activities.

PVD Training provides inspection, maintenance, repair, and technical support services for fire protection equipment and systems, serving oil and gas projects, industrial plants, and offshore projects. These services are implemented to ensure that fire protection systems meet technical requirements, safety standards, and current legal regulations throughout their operational lifecycle.

Scope of Services

PVD Training’s Firefighting Equipment & System Services comprehensively cover all items related to firefighting equipment and systems used in industrial and offshore environments.

We inspect, maintain, and repair portable and fixed fire extinguishers, including powder extinguishers, CO₂ extinguishers, clean agent extinguishers, and other specialized firefighting equipment. Inspections are conducted to assess the technical condition, operational capability, and safety compliance of each device.

In addition, PVD Training provides maintenance and inspection services for fixed firefighting systems, including water-based firefighting systems, foam (AFFF) systems, gas firefighting systems such as FM200, and equivalent systems. The work includes inspecting the condition of pipes, valves, nozzles, activation devices, and related components to ensure the system can operate effectively in the event of a fire or explosion.

Additionally, the service includes inspection and maintenance of breathing and rescue equipment, such as SCBA and escape aids, to ensure readiness for use in emergency situations.

Service implementation process

PVD Training’s fire protection equipment and system services are implemented according to a strict control process to ensure quality, safety, and compliance.

First, the technical team surveys the current status of the fire protection and firefighting system, assessing the condition of the equipment, the degree of wear and tear, operational capabilities, and any points that do not meet technical requirements or safety regulations. Based on this, we develop a maintenance and repair plan appropriate to the actual conditions of each project.

During implementation, maintenance, repair, and inspection work is carried out in accordance with technical procedures, with safety supervision and quality control. After completion, the system and equipment are re-inspected to confirm their operational status and level of compliance with safety requirements before being handed over to the customer.

Technical standards and safety compliance

Throughout the entire service provision process, PVD Training strictly adheres to occupational safety requirements and technical standards applicable to fire protection systems in the oil and gas and industrial sectors. Inspection and maintenance activities are carried out in accordance with the investor’s internal regulations, industry technical standards, and relevant legal requirements.

Compliance with safety standards and procedures not only ensures the effective operation of fire protection and firefighting systems but also supports customers in safety inspections, assessments, audits, and compliance with relevant parties’ regulations.

Value and benefits

PVD Training’s fire protection equipment and system services provide tangible value in enhancing the overall safety of buildings and workers. Properly inspected and maintained fire protection systems help minimize fire and explosion risks, limiting damage to people and property in the event of an incident.

In addition, regular maintenance and technical control of the system helps customers maintain operational readiness and avoid production interruptions due to safety-related issues. The service also contributes to extending the life of equipment and optimizing long-term operating and maintenance costs.

Application Areas

    • PVD Training’s Firefighting Equipment & System Services are suitable for various types of projects and facilities, including:
    • Oil and gas drilling rigs and offshore projects
    • Industrial plants and manufacturing facilities
    • Warehouses and storage areas for flammable materials
    • Oil and gas service vessels and marine structures

Industrial Valve System Inspection, Assessment, and Maintenance Services

Service Overview

Valves are core components in the technological systems of industrial plants, piping systems, and offshore oil and gas projects. They regulate the flow, pressure, and volume of media such as oil, gas, water, chemicals, and other industrial substances. Due to continuous operation under high loads, high pressures, and harsh environments, valve systems are prone to wear, performance degradation, or failure if not properly maintained.

PVD Training provides valve maintenance services, including equipment inspection, technical condition assessment, and maintenance activities tailored to actual operating conditions. These services help customers maintain equipment performance, minimize unplanned downtime, and extend the lifespan of the entire valve system in plants and offshore facilities.

The role of valve maintenance in industrial operations

In industrial and oil and gas systems, valve-related incidents can have serious consequences such as fluid leaks, loss of pressure control, production line interruptions, and even human safety impacts. Therefore, valve maintenance is not only a routine technical activity but also an important part of asset safety and operation management.

Proper timing and methods of maintenance help:

    • Maintain stable flow and pressure in the system
    • Detect early signs of damage or performance degradation
    • Reduce the risk of technical failures and accidents
    • Limit major repair costs and prolonged downtime

PVD Training’s valve maintenance services play a crucial role in ensuring safe, continuous, and efficient operation for industrial and offshore projects.

Scope of valve maintenance services

PVD Training’s valve maintenance services are implemented flexibly to suit the operational characteristics and technical requirements of each system. The scope of services includes:

    • Comprehensive inspection of valve technical condition
    • Assessment of wear and tear levels and operational performance
    • Scheduled maintenance or maintenance based on actual operating conditions
    • Performing maintenance tasks to restore and maintain equipment performance
    • Technical support during system operation and maintenance

Maintenance activities are performed in accordance with the operating conditions of the equipment, including industrial plant environments and offshore facilities.

Maintenance methods and procedures

PVD Training implements valve maintenance services following strict technical procedures to ensure the quality and reliability of equipment after maintenance.

The process begins with a survey of the system’s current status, collecting information on operating conditions, maintenance history, and technical issues that have arisen. Based on this, the technical team conducts a detailed inspection of each valve, assesses its condition, and determines the items that need maintenance.

After completing the assessment, PVD Training performs appropriate maintenance work to ensure the equipment meets operational requirements. Maintenance results are recorded and reported, serving equipment management and future maintenance planning.

Ensuring system performance and reliability

The goal of valve maintenance services is to ensure that the system always operates stably and meets technical requirements throughout its operating life. Maintaining equipment performance helps the system operate more efficiently, reduces energy losses, and minimizes incidents.

For offshore projects and continuous operation systems, valve reliability is a key factor in ensuring safety and progress. PVD Training’s services help customers proactively control equipment status and maintain stable operating conditions in the long term.

Value and benefits

PVD Training’s valve maintenance services provide customers with many practical benefits in operation and technical maintenance.

Firstly, the service helps minimize downtime, reducing interruptions in production and operation. Additionally, proper maintenance extends the lifespan of the valve system, reduces replacement costs, and optimizes long-term maintenance expenses.

The service also supports customers in technical asset management, enhancing safety and ensuring compliance with technical and safety requirements applicable to offshore plants and structures.

Application areas

PVD Training’s valve maintenance service is suitable for many fields and types of projects, including:

    • Industrial plants and industrial parks
    • Pipeline systems and technological lines
    • Oil and gas projects and offshore drilling rigs
    • Technical operation and maintenance projects

Electrical & Instrumentation Services

Service Overview

PVD Training provides Electrical & Instrumentation (E&I) services for oil and gas, industrial, and marine projects, meeting the requirements for continuous, safe, and stable operation in harsh working environments. The services are designed to support customers throughout the entire technical system lifecycle, from initial installation, operation, and periodic maintenance to system repair and modification.

With a team of engineers and technicians with practical experience in onshore and offshore projects, PVD Training provides E&I solutions tailored to the specific characteristics of each project, ensuring that electrical and control systems meet technical, safety, and environmental requirements.

Scope of Services

E&I services include installation, inspection, connection, and maintenance of low-voltage and medium-voltage electrical systems, electrical cabinets, electrical cables, and measurement and control equipment. In addition, we provide preventive maintenance, repair maintenance, system calibration, and technical support during system commissioning and acceptance testing.

Implementation Process

E&I activities are carried out according to a clear technical process, including site surveys, risk assessments, construction and maintenance planning, work implementation, and inspection and acceptance. All work is supervised to ensure compliance with safety and quality requirements.

Value Delivered

PVD Training’s E&I services help customers maintain stable operating conditions, minimize system failures, optimize energy efficiency, and extend equipment life. This is a critical factor in ensuring long-term occupational safety and production efficiency.