Petrovietnam maintains first place in PROFIT500 rankings
The Vietnam Oil and Gas Group (PetroVietnam) continues to maintain the first place on the top 500 most profitable companies in Vietnam in 2022 (PROFIT500) for the fourth consecutive year.
The rankings compiled by Vietnam Report were announced at a ceremony in Hanoi on October 25. (Photo: VNA)
Hanoi (VNA) – The Vietnam Oil and Gas Group(Petrovietnam) continues to maintain the first place on the top 500 mostprofitable companies in Vietnam in 2022 (PROFIT500)for the fourth consecutive year.
The rankings compiled by Vietnam Report were announced at aceremony in Hanoi on October 25.
Several subsidiaries ofPetrovietnam also occupied high rankings in the list. Among the top 100companies are Petrovietnam Gas Joint Stock Corporation (PV Gas) is at the 16th place, Binh Son Refining and Petrochemical JSC (BSR) at the 22nd,Petrovietnam Fertiliser and Chemicals Corps (PVFCCo) 44th,Vietsovpetro 53rd, Petrovietnam Power Corporation (PV Power) 71st, and Ca Mau Petroleum Fertilizer Joint Stock Company (PVCFC) 75th.
In the first nine months of 2022,Petrovietnam had fulfilled most production and business targets, with four importanttargets completed ahead of schedule, including contribution to the Statebudget, thanks to effective risk management.
The brand value of Petrovietnamis constantly increasing year by year. According to Brand Finance, Petrovietnam'sbrand was valued at 945 million USD in 2020, more than double that of 2019.
By2022, this value increased to nearly 1.3 billion USD, maintaining its positionamong the ten most valuable brands in Vietnam. The group has a BrandStrength Index (BSI) score of 70.8 and maintains a brand rating of AA.
Petrovietnam is also in the Top 20 of theV1000 list (1000 corporate income taxpayers) in Vietnam in 2021 announced by the General Department of Taxation.
After more than 6 decades of development,Petrovietnam has grown into a strong economic group with total assets worthover 40 billion USD and a workforce of nearly 60,000./.
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The rankings compiled by Vietnam Report were announced at a ceremony in Hanoi on October 25. (Photo: VNA) 
