PVN tops the Vietnam Profit500 Ranking in 2018

10:38 | 07/01/2019 Companies

(VEN) - The Vietnam Oil and Gas Group (PVN) has been honored as the leading company in the Profit500 Ranking - Top 500 most profitable enterprises in Vietnam in 2018. 

The Vietnam Oil and Gas Group (PVN) has been honored as the leading company in the Profit500 Ranking - Top 500 most profitable enterprises in Vietnam in 2018.

In the afternoon of November 29, at the National Conference Centre (Hanoi), the Vietnam Report Joint Stock Company (Vietnam Report) held a ceremony to announce the ranking of 500 best profitable enterprises in Vietnam. 2018.

Accordingly, the top 5 of the Profit500 Ranking were The Vietnam Oil and Gas Group (PetroVietnam), The Viettel Military Industry and Telecoms Group, Samsung Electronics Vietnam, Honda Vietnam, PetroVietnam Gas Joint Stock Corporation (PV Gas).

They were followed by Vietnam Dairy Products Company (Vinamilk), Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Hoa Phat Group, Vietnam Joint Stock Commercial Bank for Industry and Trade (Viettinbank) and Vingroup.

According to Vietnam Report, these are enterprises that obtained impressive business results, profitable, have potential to become key pillars of the Vietnamese economy. The ranking was conducted with the desire to improve the reputation and brand of the businesses, support businesses in attracting resources, approaching new business opportunities through building trust of partners, investors, helping businesses improve competitiveness and sustainable development in the current context of Vietnam's international economic integration.

A representative from PV Gas receives the certificate from the Organization Board

According to PetroVietnam, in the first 10 months of 2018, the Group completed and exceeded production targets from 3.3% - 14.3% of the 10-month plan.

In particular, with the spirit of the highest determination, taking initiatives in developing and proposing solutions, with directions from the Group's leaders, solidarity, effort and effort overcoming difficulties of oil and gas workers plus favorable oil prices, PVN has completed the whole year plan to submit to the state budget, of which during the first 10 months, the Group paid the state budget of 90.9 trillion dong, exceeding 23.2% of the year plan. Total revenue of the Group reached VND 499.5 trillion, surpassing 21.1% of the 10-month plan, and up 23.6% over the same period in 2017.