Vietnam Oil and Gas Group ( Petrovietnam ) is the leading enterprise in the list of Top 500 Value-Creating Enterprises in Vietnam 2024 (Value500) jointly announced by Viet Research and Investment Newspaper.
The Top 500 Value-Creating Enterprises in Vietnam 2024 (Value500) ranking aims to recognize and honor the efforts of enterprises that are transforming their business strategy from a value extraction model to a value creation model to bring sustainable, long-term values to enterprises, shareholders, employees and society.
In which, Vietnam Oil and Gas Group (Petrovietnam) is the leading enterprise in the Value500 list. Also present in the list are Petrovietnam's member units such as: Vietnam Gas Corporation - JSC (PV GAS); Binh Son Refining and Petrochemical Joint Stock Company (BSR); Vietnam Oil and Gas Power Corporation - JSC (PV Power); Vietnam Oil Technical Services Corporation ( PTSC ); Vietnam Oil Corporation - JSC (PVOIL); Oil and Gas Exploration and Production Corporation (PVEP); Petrovietnam Fertilizer and Chemicals Corporation - JSC (PVFCCo); PVI Joint Stock Company (PVI Holdings); PVI Insurance Corporation; Petrovietnam Ca Mau Fertilizer Joint Stock Company (PVCFC); Petrovietnam Transportation Joint Stock Corporation (PV Trans); Petrovietnam General Services Joint Stock Corporation (PETROSETCO); Vietnam Public Joint Stock Commercial Bank (PVcomBank); Petrovietnam Drilling and Well Services Joint Stock Corporation (PV Drilling); PetroVietnam Chemicals and Services Corporation - JSC (PVChem)...
Petrovietnam is a pillar enterprise of the Oil and Gas industry that has achieved many successes and made important contributions to the industrialization and modernization of the country, contributing significantly to: Ensuring energy security, supplying 75% of gasoline, 90% of gas, over 10% of electricity for domestic demand; Ensuring food security through supplying 70% of nitrogen fertilizer; Ensuring economic security, playing a leading role, leading and creating development momentum, making great contributions to the state budget and GDP growth. Especially participating in ensuring the security and sovereignty of the sea and islands of the Fatherland. The consolidated asset scale of Petrovietnam as of December 31, 2023 is more than 1.0 million billion VND, equivalent to about 43 billion USD, equity as of December 31, 2023 is 532 thousand billion VND, equivalent to 22.6 billion USD.
In general, in the first 7 months of 2024, the Group's production continued to be ensured. Most of the Group's production targets exceeded the plan by 4.4 - 30.4%, an increase of 7 - 15.2% over the same period in 2023.
Along with production and business activities, Petrovietnam actively implements many meaningful, practical and timely social security activities to support people in storm and flood areas (Son La, Dien Bien, etc.), build Great Solidarity houses for the poor, support educational and training programs and projects, healthcare, etc. with a total value of social security implementation in the first 7 months of 2024 reaching 467 billion VND.
| The enterprises honored in the Value500 ranking are a large and influential business community that has achieved success in development. They are not only leaders in revenue, profit, and budget contribution, but also pioneers in shaping sustainable development trends, innovation, job creation, and human resource development for society, thereby helping to improve competitiveness and bring value to shareholders, stakeholders, and the whole society. |
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