PVEP ORGANIZES A SEMINAR ON THE ORGANIZATION, TRADE & FINANCE

15/01/2019

During 29-30 November, in Ninh Binh, PVEP organized a Seminar on the Organization, Trade and Finance of the Company.

Mr. Hoang Ngoc Trung – Vice President delivers the opening speech

The event was attended by Dr. Tran Hong Nam - Chairman, Dr. Tran Quoc Viet – President & CEO, all members from Board of Directors, Executive Board, functional Divisions, Branches and JOCs of PVEP.

Overview of the Seminar

The workshop was held in the context that PVEP is continuing its efforts to solve many urgent problems and shortcomings due to objective and subjective factors, including difficulties due to the recession crisis of oil prices last for many years; Many legal documents and new regulations related to PVEP's activities have been put into effect ... Besides, through the difficult period, there have been clear points of inadequacy of mechanism and policies for specific fields such as oil & gas exploration and production; the points of incompatibility and consistency between the provisions of petroleum contracts both at domestic and international for other legal provisions, as well as inadequacies and limitations on operating models and operating mechanisms projects after many years have not been adjusted in accordance with reality ...

The Seminar on Organization, Trade and Finance has been a forum for experts, managers in PVEP and all subsidiaries to review, evaluate and think about the solutions and proposals for the Corporation to promptly make necessary adjustments and improvements to ensure the effectiveness of governance and administration; orientation and strategy for short-term and long-term development and specifically to serve the activities of projects.

Dr. Tran Quoc Viet – President & CEO speaks at the Seminar

At the Seminar, many presentations on the Financial Management of the Corporation for Subsidiaries, Branches, JOCs, PSCs and on PVEP's Financial Strategy; about PVEP's Organizational Model and the Role of the Representative; on the Summary of Commercial Bidding Activities for oil and gas projects in 2017-2018 presented by functional Division have clearly showed the positive aspects as well as a number of shortcomings in the operation process related to the management and implementation of PVEP projects. All delegates were enthusiastically discussing in topics, contributing ideas and sharing practical and specific work experiences.

Dr. Tran Hong Nam - Chairman gives speech

The addressing of Chairman Tran Hong Nam and the concluding of CEO Tran Quoc Viet have highly appreciated and acknowledged the quality of the content as well as the effectiveness of the Seminar, thereby provide overall information, views, details in many important aspects of PVEP. Along with providing orientations, strategies and solutions for each issue, Leaders of the Corporation directed functional Divisions and member Units to focus on immediately implementing agreed solutions, urgently completed reports and proposals for other outstanding works to meet the requirements and practical requirements for PVEP's activities in the current period.

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