PV GAS aims to become one of the leading players in the national economy, gradually reaching out to the international market. (Photo: VNA) Hanoi (VNA) - The VietnamOil and Gas Group (PetroVietnam) still tops the PROFIT500 list whichnames the 500 most profitable enterprises in Vietnam in 2022.
This isthe fifth year that the group has taken the leading position.
Other firms in the oil and gas sector also named in the list announced by VietnamReport include PetroVietnam Gas Joint Stock Corporation (PV GAS) which is an affiliate of PetroVietnam, Binh SonRefining and Petrochemical Joint Stock Company (BSR), PetroVietnam Fertiliser and ChemicalsCorporation ( PVFCCo), Vietnam-Russia oil and gas joint venture(Vietsovpetro), PetroVietnam PowerCorporation (PV Power), PetroVietnam Ca Mau Fertiliser Joint Stock Company(PVCFC), and PetroVietnam Insurance Corp (PVI).
This result affirmed PetroVietnam’seffective performance in recent years with its healthy financial position andflexible management capacity.
Crude oil exploitation by the group reached 900,000 tonnes in July, exceeding the plan by19%. This brings the total figure in the first seven months to 6.38 milliontonnes, surpassing the plan by 22% and equal to 73% of the yearly target.
Petroleum and nitrogen production exceeded theplan by 8% and 9%, respectively. The production and supply of gas, electricity andother energy products are all at a high level. This meets the market demand andcontributes to stabilising the market and the macro-economy, ensuring nationalenergy security and economic growth. Production and business in these fieldsboth recorded positive results.
With efficient production and business activities,the group's total revenue during January-July 2022 is estimated at 547.7trillion VND (23.4 billion USD). The figure is 64% higher than the plan and56% higher than the figure in the same period of 2021. In the period,PetroVietnam contributed 79.6 trillion VND to the budget, surpassing the planby 74%, up 47% year-on-year.
According to Vietnam Report, after more than 30 years of operation, the PV GAS has turnedinto the pioneer enterprise in Vietnam's gas industry and a strategic energysupplier for many industries.
PV GAS aims to become one of the leading players in the national economy,gradually reaching out to the international market, ranking high in the ASEANregion and being listed among the top gas brands of Asia.
A survey conducted by Vietnam Report in August also rec💖orded a strong recoveryof companies on PROFIT500. About two-thirds of them had their revenuessurpassing the levels prior to the COVID-19 pandemic and only 6.2% fell short of theirpre-pandemic profits./.
