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.
Petrovietnam maintains first place in PROFIT500 rankings ảnh 1The 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./.
VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.