PV Drilling Makes Mark with First-Time Entry into VIX50 and Top 50 Sustainable Development Enterprises 2026
Joint Stock Petrovietnam Drilling and Well Services Company (PV Drilling) has achieved a significant milestone in its development history by being named for the first time in the Top 50 Public Companies of 2026 VIX50, announced by Vietnam Report. Concurrently, PV Drilling was honored by Investment Magazine with the Top 50 Sustainable Development Enterprises award in the Human Resources Strategy for Sustainable Development category.
Ocean Blue Giant - A Strong Pillar in Vietnam's Oil and Gas Industry
Established in 2007, PV Drilling (stock code: PVD) has developed into one of the leading units in the oil and drilling sector in Vietnam. With a team of experienced professionals and modern equipment, the company has successfully implemented hundreds of drilling projects across Vietnam's waters and internationally.
To date, PV Drilling owns a modern drilling fleet including:
- 3 self-propelled jack-up rigs: PV Drilling I, PV Drilling II, and PV Drilling III
- 1 semi-submersible drilling rig: PV Drilling IV
- 1 enhanced jack-up rig: PV Drilling V
The company's drilling vessels can operate in water depths up to 120m and achieve drilling depths of up to 10,000m, meeting the stringent requirements of oil and gas projects both domestically and internationally.
VIX50 - Recognition of Credibility and Efficiency
The Top VIX50 (Vietnam Report Index 50) is a prestigious ranking conducted annually by Vietnam Report, Vietnam's leading research and consulting firm. This award honors publicly listed companies with large scale, transparent operations, high efficiency, and significant market reputation.
Being included in the Top VIX50 for the first time serves as clear evidence of PV Drilling's remarkable growth in recent years. The company has achieved impressive results in:
- Stable revenue growth
- Significant improvement in profitability
- Transparent corporate governance
- Recognized quality of financial reporting
| Evaluation Index | PV Drilling 2026 Results | Ranking |
|---|---|---|
| Brand reputation | 9.2/10 | Top 10 |
| Operational efficiency | 8.8/10 | Top 15 |
| Revenue growth | 15.3% | Top 20 |
| After-tax profit | 12.7% | Top 25 |
Top 50 Sustainable Development Enterprises - Outstanding Human Resources Strategy
In addition to the VIX50 award, PV Drilling was also honored in the Top 50 Sustainable Development Enterprises Top 50 CSA (Corporate Sustainability Assessment) in the Human Resources Strategy for Sustainable Development category. This award is presented by Investment Magazine in collaboration with reputable domestic and international organizations.
This award recognizes PV Drilling's efforts in building a comprehensive human resources strategy aimed at the sustainable development of the enterprise and community. Key highlights in PV Drilling's human resources strategy include:
- Creating a safe, fair, and diverse working environment
- Quality training and development programs for high-quality human resources
- Competitive remuneration policies that foster employee engagement
- Corporate social responsibility activities directed at local communities
- Environmental sustainability programs in production activities
Significance of the Awards
These two important awards not only honor PV Drilling's past efforts but also serve as motivation for the company's future development. Mr. Nguyen Van Loi, General Director of PV Drilling, shared:
"We are extremely proud that PV Drilling has been named to the Top VIX50 and Top 50 CSA for the first time. This recognition acknowledges the relentless efforts of the entire PV Drilling team in building a reputable, efficient, and sustainably developing enterprise. We view this as motivation to further improve our business operations, enhance service quality, and contribute positively to the development of Vietnam's oil and gas industry."
Vision and Future Plans
Building on its achievements, PV Drilling has set ambitious goals for the 2026-2030 period:
- Expand market share domestically and internationally, especially in potential markets such as Southeast Asia, the Middle East, and Africa
- Invest in advanced, environmentally friendly drilling technology
- Strengthen digital transformation in management and operations
- Develop high-quality human resources to meet the requirements of Industry 4.0
- Enhance sustainability programs to minimize environmental impact
By the end of 2026, PV Drilling plans to commission its sixth self-propelled jack-up rig (PV Drilling VI), enhancing its competitive position in the international market. The company is also in the process of completing procedures for listing on international stock exchanges, opening up opportunities to access large and diverse capital sources.
Conclusion
With the prestigious VIX50 and Top 50 CSA awards, PV Drilling has established itself as a credible, efficient, and sustainably developing enterprise. These achievements are not only a source of pride for the company but also contribute to elevating the image of Vietnam's oil and gas industry on the global stage. In the context of the energy sector undergoing significant transformation toward sustainable development, PV Drilling is taking firm steps on its journey to become a leading regional and global oil and gas corporation.