BSR NAMED AMONG VIETNAM’S TOP 10 GREEN ESG ENTERPRISES 2026: A Refining and Petrochemical Mark in the Green Transition

BSR’s recognition among Vietnam’s Top 10 Green ESG Enterprises 2026 in the Energy - Oil and Gas sector is more than an award. It marks the transformation of a refining and petrochemical enterprise that plays a strategic role in national energy security while progressively integrating environmental, social and governance standards into its long-term development strategy. From Dung Quat Refinery to the ethanol value chain, E10 biofuel gasoline, sustainable marine fuel and sustainable aviation fuel research, BSR is demonstrating how a heavy-industry enterprise can enter the green era through technology, governance and social responsibility.

From ESG10 Recognition to a Measure of Transformation Capacity

On 26 June 2026 in Hanoi, within the framework of the Vietnam Business Forum 2026 themed “Innovation for Growth, Green for Sustainability,” Vietnam Investment Review and Viet Research announced and honored the Top 100 Green ESG Enterprises in Vietnam 2026, the Top 10 Green ESG Enterprises by sector, and rankings for innovation and business efficiency. In the Energy - Oil and Gas sector, BSR was named among ESG10, affirming its role as a representative enterprise in the refining and petrochemical industry on Vietnam’s green transition journey.

This recognition is particularly meaningful as the energy sector faces a dual challenge: ensuring stable supply for the economy while responding to emission-reduction pressures, resource-efficiency requirements and higher governance standards. For BSR, ESG is no longer an ornamental concept for annual reports. It has become a new management approach that influences operational planning, technology investment, product development, safety culture and community responsibility.

The foundation of BSR’s ESG journey is its operational capacity at Dung Quat Refinery, Vietnam’s first oil refinery. According to information published on BSR’s website, the plant has total investment of over USD 3 billion, covers 808 hectares, processes 6.5 million tonnes of crude oil per year, currently meets around 30% of the country’s petroleum supply and gathers around 1,500 highly qualified employees. These figures show the scale, role and responsibility of BSR in Vietnam’s energy system.

Business Efficiency as the Foundation for Green Responsibility

An ESG strategy is persuasive only when built on effective performance. Since the start of commercial operations, BSR has produced more than 105 million tonnes of products; recorded cumulative revenue exceeding VND 1.84 quadrillion; achieved after-tax profit of more than VND 56 trillion; and contributed over VND 248.5 trillion to the state budget. In 2025 alone, BSR produced more than 7.9 million tonnes of products, generated more than VND 142 trillion in revenue and paid around VND 14.3 trillion to the state budget. This economic foundation enables the company to continue investing in technology, environmental protection, people and innovation.

Notably, in the first quarter of 2026, BSR’s consolidated revenue reached VND 46,462 billion, while after-tax profit reached VND 8,265 billion - a high level compared with the same period in many years. The result shows the company’s adaptability amid volatile global oil markets, unstable refining margins and increasingly demanding requirements for operational optimization. For a refining and petrochemical enterprise, sustainable growth is not only about output. It also lies in cost control, risk governance, safety assurance and supply-chain reliability.

On the environmental pillar, BSR has implemented greenhouse gas inventory, developed emission-reduction roadmaps, improved technologies, optimized energy use and strengthened environmental-management solutions at its plant. The company’s cooperation with local authorities in tree-planting and ecosystem-restoration programs also shows that its ESG approach extends beyond the refinery fence to broader responsibility for local development space.

E10, Ethanol and Cleaner Energy: A New Mark of Refining and Petrochemicals

One of BSR’s most visible green-transition highlights is deeper participation in the clean-fuel value chain, especially E10 biofuel gasoline. From ethanol production infrastructure at Dung Quat Bio-Ethanol Plant to blending, quality control and product delivery, BSR is contributing to Vietnam’s emission-reduction roadmap in transportation. Using E100 ethanol for blending with base gasoline not only diversifies fuel sources but also promotes cleaner consumption.

According to the supplied image-caption document, Dung Quat Bio-Ethanol Plant, managed by Central Biofuels Joint Stock Company, can produce about 330 m3 of E100 per day at 100% capacity, helping secure ethanol supply for biofuel blending. Images of ethanol storage, the pipeline connection with Dung Quat Refinery, operating staff and road-loading activities show that behind each E10 product is a synchronized technical, logistics and quality-management chain.

Beyond E10, BSR is researching higher-value and more environmentally friendly products such as sustainable marine fuel, MFO and sustainable aviation fuel. This direction is aligned with the global energy transition, as shipping and aviation are under growing pressure to reduce emissions. For BSR, new-product development is not only about expanding its business portfolio; it is also preparation for future competitiveness in a low-carbon economy.

Governance, People and Community: Three Layers of ESG Value

ESG cannot be separated from people. In a continuously operating refinery, safety culture, technological discipline and equipment mastery are vital. BSR’s engineers, technicians and operators not only maintain production rhythm but also directly implement environmental, safety, energy-saving and technical-improvement standards. Investing in people is therefore investing in sustainable-development capacity.

On the social pillar, BSR has also made its mark through social-security programs with total funding of more than VND 1,000 billion nationwide. These activities complement the company’s economic role in Quang Ngai and the Central region, where refining and petrochemical industry has contributed to economic restructuring, job creation, budget growth and new industrial capabilities. Properly understood, social responsibility is not peripheral; it is part of the social license that enables long-term corporate development.

On the governance pillar, BSR’s efforts to improve transparency, promote innovation, advance digital transformation and adopt modern management standards strengthen confidence among shareholders, partners and the market. As BSR expands its stature and operates under the name Vietnam Refining and Petrochemical Corporation, ESG will serve as an important language for deeper integration with capital markets and global supply chains.

BSR’s recognition among Vietnam’s Top 10 Green ESG Enterprises 2026 in the Energy - Oil and Gas sector is a notable milestone. More important, however, are the substantive movements behind the title. From business performance and energy-security capability to environmental management, E10 biofuel development, future directions in SAF and sustainable marine fuels, and community responsibility, BSR is gradually turning ESG into a long-term growth driver. In the green era, a refining and petrochemical enterprise can go further only when it harmonizes capacity and emissions, profit and responsibility, growth and trust. From Dung Quat, BSR is affirming that message through concrete action.

By Minh Hai