Hanoi (VNA) – 𓂃The Vietnam Oil and Gas Group (PetroVietnam) continues topping the PROFIT500 list, which names the 500 most profitable enterprises in Vietnam in 2024.
This is the sixth consecutive year the group has secured its leading position, affirming its operation efficacy over the past years with sound financial health, and flexible management capacity recognised by reputable domestic and international organisations.
Petrovietnam maintained stable and effective operations during January-July as most of its production and financial criteria exceeded the set plans by 4.4-75%, and were better than the results recorded in the same time last year.
During the seven-month span, the group’s total revenue was estimated at 567.4 trillion VND (over 23 billion USD), 31% higher than the set target and up 14% year-on-year. It contributed 84.6 trillion VND to the state budget, surpassing the plan by 54%, and up 8% against the same time last year. Meanwhile, its profit before tax was 29.6 trillion VND, exceeding the goal by 75%.
Other firms in the top ten most profitable list are military-run telecom service provider Viettel, Samsung Electronics Vietnam Thai Nguyen, Vietcombank, BIDV, MBBank, Agribank, VietinBank, Techcombank, and Petrovietnam Exploration Production Corporation.
Several subsidiaries of Petrovietnam were also named in the list, including Petrovietnam Gas Joint Stock Corporation (PV Gas) at 12th place, Binh Son Refining and Petrochemical JSC 19th, Petrovietnam Transportation Corporation 85th, and Petrovietnam Power Corporation 90th.
Launched by the Vietnam Report and the online newspaper Vietnamnet, the PROFIT500 list has recognised the contributions to the nation made by leading corporations over the past eight years, helping introduce and promote the Vietnamese brands among the domestic and international business community, and investors.
A ceremony to announce and honour the firms will be held in Hanoi in October./.
The Vietnam Oil and Gas Group (Petrovietnam) has been able to master the world’s state-of-the-art technologies and now stands a chance to transform itself to become a national industry-energy group.
To the oil and gas sector and the Vietnam Oil and Gas Group (Petrovietnam), the Fourth Industrial Revolution is a big opportunity and also a considerable challenge. In this inevitable trend, promoting scientific - technological research and application along with digital transformation has become a key solution helping the industry and Petrovietnam surmount challenges, develop sustainably, guarantee national energy security, and contribute to national socio-economic development.
President & CEO of the Vietnam Oil and Gas Group (Petrovietnam) Le Ngoc Son says extra efforts are needed to ensure the completion of the 2024 business plan, promote growth and development goals, and contribute to the country’s socio-economic development.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
