FPT Consults PVOIL on Comprehensive Digital Transformation Roadmap

With assistance from FPT Digital, PVOIL aims to emerge as a top distributor of diversified energy in Vietnam, focusing on a development strategy built upon three pillars: digital transformation, energy transition, and non-petroleum service diversification.

PetroVietnam Oil Corporation (PVOIL), a subsidiary of Vietnam Oil and Gas Group, is a prominent brand specializing in importing & exporting, trading crude oil & blending, storing and distributing oil products.

PVOIL has selected FPT Digital through open bidding based on fulfilling the requirements and criteria for consulting service providers. Together, they launched the PVOIL Digital Transformation Roadmap Construction Consulting Project for the 2024-2030 period at the end of May.

FPT Digital and PetroVietnam Oil Corporation (PVOIL) have just launched a consulting project to build a digital transformation roadmap for 2024-2030. On PVOIL's side was the attendance of Chairman Cao Hoai Duong, Deputy CEO Nguyen Tuan Tu, and heads of functional departments. On FPT Digital's side were CEO Tran Huy Bao Giang, Consulting Director Le Hung Cuong, and project implementation experts.

PVOIL Chairman Cao Hoai Duong emphasized: "Digitalization in PVOIL's production and business activities began years ago, driven by practical operational needs. Now, we require a long-term vision and a comprehensive digital transformation strategy to enhance service quality, professionalism, and efficiency as we pursue our future business goals and strategies."

PVOIL's leadership team discussed directions for its digital transformation initiatives at the ceremony.

The project will unfold over the next two quarters with three key milestones. First, FPT Digital will conduct a comprehensive survey and evaluation of PVOIL's current digital transformation efforts across all operations. Based on the findings, both parties will collaborate to craft a strategic consulting report and a roadmap for the digital transformation from 2025 to 2030. Simultaneously, they will devise a master plan for the IT architecture. Automation solutions will be proposed to enhance operational efficiency at warehouses, tanks, and petroleum stations. Additionally, a digital transformation communication plan will be formulated and guided for implementation to ensure understanding and garner support from relevant stakeholders throughout the digital transformation journey.

Lastly, FPT Digital will collaborate with PVOIL to conduct training programs to raise awareness and guide digital transformation for key personnel. They will also communicate and announce the roadmap to all company personnel, preparing them for the implementation of digital transformation at PVOIL.

Showing strong commitment and a deep understanding of comprehensive digital transformation (by transforming more than 100% of operational areas), PVOIL has formed a dedicated working group comprising representatives from all specialized departments. This group works closely with FPT Digital in a spirit of collaboration and trust to develop a practical strategy and roadmap. Their goal is to swiftly achieve PVOIL's future objectives.

FPT Digital CEO Tran Huy Bao Giang affirmed: "FPT Digital is dedicated to executing the digital transformation project at PVOIL punctually and with utmost quality. Leveraging our extensive experience and expertise in constructing digital transformation roadmaps for top enterprises in Vietnam, we guarantee the professional and efficient completion of each project phase. We are confident that through close collaboration between both parties, this project will deliver tangible benefits and foster the sustainable growth of PVOIL."

PVOIL has achieved robust business development and consistently double-digit growth in recent years despite challenging market fluctuations, underscoring its crucial role in ensuring national energy security. Looking ahead to the medium and long-term strategy for 2026-2030, PVOIL aims to increase petroleum business output by 7.5% annually, expand its network of stores to 1,245 by 2030, and prepare for hydrogen distribution. By 2045, PVOIL aims to establish itself as Vietnam's leading diversified energy distributor, focusing on three strategic pillars: digital transformation, energy transition, and diversification of non-petroleum services.

With a vision to lead Vietnam's diversified energy distribution by 2045, encompassing petroleum, electricity, hydrogen, and related services, PVOIL aims not only to meet market demands but also to advance sustainable development goals. Digital transformation will establish a cohesive digital ecosystem, integrating internal departments and external partners to mitigate environmental impacts and create added value, promoting sustainable development. The strategic partnership between PVOIL and FPT Digital is poised to deliver remarkable results, enhancing PVOIL's standing in the energy sector and expanding its global influence.