LNG storage tank at the customer station.
Milestones
After 23 years of establishment, construction, and development, Gas South has affirmed its position in distributing and trading liquefied petroleum gas - LPG (Liquefied Petroleum Gas) compressed natural gas - CNG (Compressed Natural Gas). The unit is also a pioneer in receiving and trading liquefied natural gas - LNG (Liquefied Natural Gas) when LNG is imported into the Vietnamese market, in line with the general trend of the world. Gas South has entered the Top 10 listed companies on the stock exchange that performed well in corporate governance in 2021-2022, the Top 5 listed companies in small-cap groups with the best annual reports in 2022, and obtained the certificate of "Vietnamese high-quality goods - integration standards" for three consecutive years 2020-2022.
With revenue growing 38% from VND 5,100 billion in 2020 to VND 7,000 billion in 2022, Mr. Nguyen Ngoc Luan, General Director of Gas South, said the development orientation for the period of 2023-2026 with a vision to 2030: Gas South continues to play a leading role in the Vietnamese industry in providing clean energy while achieving environmental and social goals and sustainable development in the digital economy.
23 years of development
On March 25, in Vung Tau, Gas South held a series of activities to celebrate the company's 23rd anniversary with the participation of 300 employees.
The enterprise, formerly known as the Southern Gas Products Trading Enterprise, under the Gas Products Processing and Trading Company (PV GAS), was established on March 28, 2000, with the main business being LPG - liquefied petroleum gas for civil use. Over the next five years, the enterprise will develop other products and services, such as LPG casings. In 2006, the enterprise cooperated with the liquefied petroleum gas trading department of the Petroleum Trading Company to establish the Southern Liquefied Gas Trading Company - Gas South today.
A musical program to celebrate the 23rd anniversary of Gas South's establishment was held in Vung Tau on March 25.
In 2007, Gas South officially operated as a joint stock company. The Company's shares are listed on the Hanoi Stock Exchange (HNX) with the code PGS. Gas South has been recognized by the British Standards Institute (BSI) and certified with ISO 9001:2000 quality management system, ISO 14001:2000 environmental management system, OHSAS 18001:2000 occupational health and safety management system, and continuously upgraded to a new version in the following years.
In 2009, Gas South was one of the pioneers to bring CNG compressed natural gas to the market, serving the needs of using it as fuel for industrial parks and means of transport.
In 2013, Gas South officially received the transfer of Binh Khi Factory from other shareholders to own 100% of the gas cylinder factory with modern facilities and the largest capacity in Vietnam.
By 2019, the enterprise officially rose to the top in LPG trading in Vietnam. I am explicitly supplying the market with more than 300,000 tons of LPG, 410,000 LPG bottles, and nearly 139 million Sm3 CNG. Gas South brand and 6 LPG bottle brands: Gas Petroleum, VT - Gas, A Gas, JP Gas, Dak Gas, and Dang Phuoc Gas, are favored by business partners and consumers.
Currently, Gas South has prepared the infrastructure to receive and trade LNG when this product is expected to be imported into Vietnam by the end of 2023.
Digital transformation increases production and business efficiency
In 2020, Gas South will restructure, rearrange the organization, redistribute the LPG business area, and operate leanly to optimize operations. The enterprise rebuilt the salary system according to output, associated with production and business efficiency, deployed solutions to improve product quality, and implemented digitalization to manage and trace the origin of LPG bottles.
In 2022, realizing that the trend of digital transformation has been taking place in many fields, such as e-commerce, finance and banking, education, tourism, logistics, and manufacturing..., Gas South's management decided to accelerate digital transformation to quickly bring outstanding efficiency to the company and increase benefits for shareholders. From the beginning of 2022, Gas South has agreed to comprehensively transform digitally, building a solid foundation for sustainable development.
In the digital revolution journey, enterprises shook hands with FPT Digital - a member of FPT Group, a leading company in digital transformation consulting. "Digital transformation will create a breakthrough for Gas South in combining human capacity with new technologies," said a representative of FPT Digital. Digital initiatives and synchronous solutions for digital transformation at all stages and levels have been implemented by Gas South to achieve specific milestones according to the set digital transformation roadmap.
Mr. Nguyen Ngoc Luan, General Director of Gas South, at the handover ceremony of Gas South Digital Transformation Consulting Project in cooperation with FPT Digital in Ho Chi Minh City in December 2022
Speaking at the gala to celebrate the 23rd anniversary of its establishment, Mr. Nguyen Ngoc Luan sent a message about the company's digital transformation goals and roadmap, expressing his wish that all employees are determined to join hands with the leadership to build Gas South more and more.
FPT Digital's representative gave a souvenir to Mr. Dang Van Vinh - Deputy General Director of the Company, Head of the Board of Directors
"With the priority of promoting digital transformation in 2023, Gas South believes that it will achieve outstanding efficiency in production and business activities, bring benefits to shareholders and improve the material and spiritual life of employees," a business representative said. At the same time, Gas South will continue to innovate to provide customers with more advanced and efficient energy solutions, provide green energy, and contribute to building a sustainable future for the community.
Tran Hien
