•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
BSR was established on May 9, 2008 as a state-owned (limited liability) company tasked with taking over and operating the Dung Quất Refinery. After 18 years, BSR has officially transitioned into a joint stock company, while still using the abbreviation BSR, under the Vietnam Oil and Gas Group Refining and Petrochemical Corporation.
In Q1 2026, BSR’s consolidated revenue reached 46,462 billion VND, while after-tax profit was 8,265 billion VND—reported as the highest level for the same period and well above market expectations.
Forbes Vietnam in 2025 valued the BSR brand at 201.7 million USD (over 5,300 billion VND), ranking it 7th among 25 leading listed brands in Vietnam.
A key highlight is the reported 56 million safe man-hours figure at the Dung Quất refinery operated by BSR. The article notes that 56 million hours is equivalent to roughly 6,400 years of continuous work by a workforce of about 30,000 people over a year, without a single major incident such as a fire, explosion, or environmental/security violation.
The Dung Quất refinery has a crude processing capacity of 6.5 million tons per year (about 148,000 barrels per day), with dozens of complex processing units operating 24/7/365. The article describes the site as one of the most hazardous work environments in the global refining sector, where a small incident can trigger a chain of events leading to fires, explosions, loss of life, and damages worth billions.
It also cites major global refinery and industrial disasters—including Deepwater Horizon (2010), Texas City Refinery (2005), and the Bhopal tragedy (1984)—to frame why the reported 56 million injury-free hours is presented as a milestone even by international standards.
The article attributes the safety record to BSR’s business philosophy, highlighting “People” as one of its four components. It states that human resources are the cornerstone of BSR’s management system and that success depends on people.
The article links the reported safety performance to BSR’s role in Vietnam’s fuel supply and to its ability to maintain partnerships. It also notes that safe operation supports access to advanced technology and helps attract top technical talent.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
