2022 is a year of fluctuations in the world energy market. The energy business situation in Vietnam also faces many difficulties and challenges. With the motto "Solidarity - Innovation - Professionalism - Action", PV GAS has taken advantage of opportunities and exceeded the set plan targets. Specifically, PV GAS ended 2022 with record revenue of VND 100,723 billion, up 28% over the same period and after-tax profit of VND 14,798 billion - up 71%, the highest in its history of operation. This result improved the gross profit margin for the whole year to 21.16% compared to 17.71% in 2021.

In 2022, PV GAS supplied more than 7.9 billion m3 of dry gas. This is also the main business segment, contributing 49% of revenue and 60% of profit. In addition, PV GAS has also become the dominant unit in the Vietnamese LPG wholesale market with 70% market share. Last year, the LPG business segment contributed 41% of revenue and 19% of the company's profit structure. Currently, PV GAS is still making constant efforts, having a good start for 2023, continuing to supply gas to produce more than 11% of electricity output, about 70% of nitrogen fertilizer output, accounting for 70% of the national LPG market share and moving towards becoming the first and only LNG trading enterprise from 2023 in Vietnam.

With these impressive business results, PV GAS continues to be honored at a high rank in the "List of 50 best listed companies in 2023" announced by Forbes Vietnam. In all 3 areas of revenue, profit, and capitalization compiled by Forbes, PV GAS is in the Top 10 - Top 15. PV GAS is also one of 9 outstanding enterprises to receive impressive honors from Forbes Vietnam for 11 consecutive years. This not only affirms the position and sustainable development of PV GAS - the leading gas brand in Vietnam, but also shows the efforts of the Board of Directors and the staff, employees (CBNV) who have been united, united, and innovative, helping the Corporation overcome difficulties and challenges, achieve many outstanding results, and bring value to the country and the people.

Forbes Vietnam's rankings are based on the audited consolidated financial statements of companies listed on the Ho Chi Minh City Stock Exchange (HSX) and the Hanoi Stock Exchange (HNX). The total profit after tax of the 50 companies on the list reached VND228,096 billion, up 18% compared to the 2022 list. Total revenue reached VND1,490,453 billion, up 24.9%. The 2023 list does not have many new names compared to the lists of recent years. The companies on the list are classified by sector, most of which are leading enterprises or have established competitive advantages.

From the process of making the Ranking, Forbes Vietnam also commented: In 2022, the profits of listed companies in general and the list of 50 best listed companies in particular reached a record. However, in the process of making the list, Forbes Vietnam recognized that the business community is in the most difficult period in the past 10 years. The decline of the stock market and difficulties in raising international capital are the reasons for the lack of large-scale IPOs and listings. However, Vietnam's economy still has bright spots when inflation is controlled at a low level and the exchange rate is stable. This allows the Government to use monetary policy and fiscal policy to support the economy and promote growth.

To make the list of 50 best listed companies in 2023, companies listed on HSX and HNX are evaluated through many steps. In the preliminary round, companies need to meet the following conditions: Profitable in 2022, revenue and capitalization of at least VND 500 billion. In the next round, companies are quantitatively scored on five criteria: Compound growth rate of revenue, profit, ROE, ROC and EPS growth in the period 2018-2022. Next, Forbes Vietnam conducts a qualitative survey to assess the sustainable development of the enterprise: Company position in the industry, source of profit, quality of corporate governance, industry prospects... Capitalization is finalized on May 30, 2023. The data used for calculation is the audited consolidated financial statements of 2022.

Forbes Vietnam is expected to hold an award ceremony to honor the 50 best listed companies at the Business Forum 2023 taking place in August 2023 in Ho Chi Minh City.

MINH HA