Mr. Le
Ngoc Son

Mr. Le Ngoc Son, born in 1972, has recently taken on the role of CEO at Petrovietnam, leveraging nearly 30 years of extensive experience in the oil and gas industry. His journey in this dynamic sector is marked by a robust educational foundation and a proven track record in various leadership roles.

 

Mr. Son holds a Master's degree in Oil and Gas Field Evaluation and Management, complemented by his qualifications as an Oil and Gas Drilling Technology Engineer. This education has equipped him with a comprehensive understanding of the technical and managerial aspects of the industry, enabling him to navigate its complexities effectively.

 

Since March 2021, he has been serving as the Vice CEO of the Petrovietnam Group (PVN), where he demonstrated strong leadership and strategic vision in advancing the company's goals. In addition to his role at PVN, Mr. Son has also served as a representative on the Management Board of the Nghi Son Refinery and Petrochemical Company Limited (NSRP), where he played a critical role in the development and management of the country’s refining and petrochemical landscape.

 

Throughout his distinguished career, Mr. Le Ngoc Son has earned a reputation as a forward-thinking leader, adept at driving innovation and fostering collaboration within the oil and gas sector. As he embarks on this new chapter as CEO of Petrovietnam, he is poised to guide the organization through the challenges and opportunities that lie ahead, firmly committed to contributing to the growth and sustainability of Vietnam's energy landscape.

 

Le Ngoc Son is a distinguished leader in the oil and gas industry, renowned for his strategic vision and comprehensive expertise in exploration and exploitation. Currently serving as the General Director of Petrovietnam, Mr. Son has built a robust career within the organization, marked by significant contributions to various key departments and projects.

 

Before his recent appointment as General Director of Petrovietnam, effective from [insert date of appointment], Mr. Le Ngoc Son served as the Head of the Oil and Gas Exploitation Department, where he demonstrated his adept leadership and deep understanding of the sector. He also held the position of General Director of Phu Quoc Oil and Gas Operating Company (Phu Quoc POC), further solidifying his reputation as a capable manager and industry expert.

 

From March 2021 until his elevation to General Director, Mr. Son was the Deputy General Director of Petrovietnam, responsible for overseeing all exploration and exploitation activities. His leadership during this period was instrumental in advancing the company's goals and operational efficiency in a highly competitive industry.

 

As the newly appointed General Director of Petrovietnam, Mr. Le Ngoc Son now embarks on a five-year term, with a clear focus on driving the company’s strategic initiatives and navigating the evolving landscape of the energy sector. One of his immediate priorities is to advance the Block B - O Mon gas power project chain, a pivotal initiative in which Petrovietnam is involved at every stage—from upstream exploration and production to pipeline construction and the establishment of power generation facilities.

 

Mr. Le Ngoc Son’s dedication to innovation, sustainability, and strategic partnerships positions Petrovietnam for continued growth and leadership in the energy sector as he steers the company through both challenges and opportunities in the years to come.

 

Le Ngoc Son is a prominent leader in the Vietnamese energy sector, currently serving as the General Director of a major enterprise. He has garnered extensive experience and expertise throughout his career, with a notable past leadership role as the General Director of Phu Quoc POC.

 

 

With a blend of strategic vision and operational acumen, Le Ngoc Son has been instrumental in advancing significant energy projects in Vietnam. One of the most noteworthy undertakings during his tenure is the Block B - O Mon gas power project chain, which is recognized as a national key project with a substantial total investment of nearly $10 billion.

 

In the upstream stage of this project, which is overseen by Phu Quoc POC, the investment amounts to approximately $6.7 billion. This phase is a collaborative effort involving state-owned enterprise PetroVietnam (PVN) and international partners including PTTEP and MOECO. The midstream sector, encompassing pipelines and gas distribution stations, represents an investment of $1.3 billion, a critical component for ensuring efficient energy flow from production to consumption.

 

The downstream segment, highlighted by the establishment of three power plants of 1,050 MW each, requires an investment of around $1.2 billion per plant. Currently, Petrovietnam is spearheading the development of the O Mon III and O Mon IV Power Plants, both of which are poised to enhance the energy infrastructure of Vietnam significantly.

 

Le Ngoc Son’s leadership is characterized by a commitment to sustainable energy development and collaboration with both domestic and international stakeholders. Through his efforts, he continues to shape the future of Vietnam’s energy landscape, ensuring that the nation meets its growing energy demands efficiently and responsibly.

 

In 2023, under Son’s guidance, PVN achieved a record revenue of 942.800 billion VND, surpassing the annual target of 677.700 billion VND by a remarkable 39%. This performance not only set a new benchmark for the company, exceeding the previous record established in 2022 by 11.600 billion VND, but also positioned PVN as a vital contributor to the national budget, with total contributions reaching 151.800 billion VND—94% more than planned.

 

Looking ahead to 2024, Son has ambitious plans for PVN. The organization aims to generate revenue of 734.200 billion VND, which reflects an increase of 56.500 billion VND over the previous year's target, equivalent to an 8% growth. Additionally, PVN is expected to enhance its budget contribution by 20%, reaching 94.000 billion VND, while striving for a consolidated pre-tax profit of 22.000 billion VND.

 

Throughout his tenure, Le Ngoc Son has been instrumental in navigating the challenges of the oil and gas industry, managing operational efficiency, and fostering sustainable growth. His commitment to excellence and innovation in the energy sector has made a lasting impact on PVN and the broader Vietnamese economy. His leadership style emphasizes collaboration, accountability, and strategic foresight, ensuring that PVN not only meets its fiscal goals but also contributes significantly to the nation’s energy security and economic development.

 

Son’s contributions extend beyond financial achievements; he is also a vocal advocate for sustainable practices within the industry, recognizing the importance of environmental stewardship in the face of climate change. As PVN continues to evolve, Le Ngoc Son remains a pivotal leader, guiding the organization toward a sustainable and prosperous future.