PV GAS among "Top 50 Best Listed Companies" for 12 consecutive years
On August 22, 2024, Forbes Vietnam hosted the annual Business Forum 2024 with the theme "Ahead of the Game". Within the "Top 50 Best Listed Companies in Vietnam 2024", Petrovietnam Gas Corporation (PV GAS) has been upholding this prestigious title for twelve consecutive years.
PV GAS as one of the "Top 50 Best Listed Companies in Vietnam"
The Forbes Vietnam Business Forum 2024, with the appearances of experts and senior leaders from top enterprises, aimed at discussing the business recovery following the past two years of instability. Despite temporary challenges, Vietnam's economy was said to be attractive to international investment and hold a significant position in the global production and trade chain, especially after new technological waves and strategic partnerships with several major economies.
According to Forbes Vietnam, the 12th List revealed that industry groups were unevenly recovering from the bottom lines, with profits not yet leveling off. The VN-Index had been fluctuating significantly, driven by investor sentiment and individual investor capital flows. Exchange rates had always been drawing the attention of the participants in the stock market.
Business Forum 2024 hosted by Forbes Vietnam
Petrovietnam has five units that made it into the List: PV GAS (GAS); PTSC (PVS); PVI Insurance Corporation (PVI); PVTrans (PVT); and PV Power (POW).
Revenue and profit of the Top 50 listed companies, as announced by Forbes Vietnam
Within the prestigious ranking of Vietnam's leading listed companies, PV GAS was regconized as the third highest in revenue and one of the six corporations with post-tax profits exceeding VND11,000 billion in 2023. Given that PV GAS is the only oil and gas enterprise to reach such an elevated position despite significant challenges, this is an incredibly remarkable achievement. As of December 29, 2023, the Corporation had a market capitalization of VND173,404 billion. The Corporation also achieved ROA and ROE of over 13% and 18%, respectively, with a high cash dividend payout, and a record-breaking 60% of charter capital distributed as dividends for 2023.