PVN and PV GAS are highly ranked among TOP10 most profitable firms in 2017.
Vietnam Report Joint Stock Company (Vietnam Report) has recently announced the List of Most Profitable Firms in 2017. Accordingly, Vietnam Oil and Gas Group and PetroVietnam Gas Joint Stock Corporation (PV GAS) are ranked among TOP10 most profitable firms in the Ranking List.
The Ranking List (also known as Profit500) is prepared by Vietnam Report Joint Stock Company (Vietnam Report) and independently reviewed in order to recognize Vietnamese firms with positive profitability and high potential to become the pillars for future development of Vietnamese economy and, as well as to contribute to promoting the brand of Vietnamese firms in domestic and international business communities.
In the Ranking List, two leading corporations in the oil and gas industry are highly ranked among TOP10 most profitable firms in 2017: Vietnam Oil and Gas Group (PVN) (3rd) and PetroVietnam Gas Joint Stock Corporation (PV GAS) (5th).
Other names in the List include: Military Telecom Corporation (Viettel), Samsung Electronics Vietnam Limited Liability Company, Vietnam Dairy Products Joint Stock Company (Vinamilk), Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), Truong Hai Auto Joint Stock Company, Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and Hoa Phat Group Joint Stock Company.
Among Top 100 of Profit500, a number of firms under Vietnam Oil and Gas Group are also named, including: Binh Son Refining and Petrochemical Company Limited, PetroVietnam Power Corporation - Single-Member Liability Limited Company, PetroVietnam Fertilizer and Chemicals Corporation – Joint Stock Company, PetroVietnam Technical Services Corporation, Nhon Trach 2 Petrovietnam Power Joint Stock Company, Petrovietnam Insurance Joint Stock Company, etc.
The assessment is based on key profitability indicators (ROA, ROE, ROR); profit before tax; and business sales. In addition, assessment criteria also include reputation, labor size, business prospect, etc. In this year"s Ranking List, construction, construction materials, and real estate sectors account for most of the firms (17.4%), next in the list are financial sector (11.4%) and food and beverage sector (10%).