They are Petrovietnam Gas Corporation (PV Gas), PetroVietnam GeneralService Joint Stock Corporation (Petrosetco), PetroVietnam Fertilizer andChemicals Joint Stock Corporation (PVFCCo), and PetroVietnam Camau Fertilizer JSC.
PV Gas is at the ninth place in the list this year. This is the10th consecutive year that the company has been honoured in thelist.
The company posted record revenue and profit in the first six months this year,with net turnover at 54.342 trillion VND (2.32 billion USD at current exchangerate), up 35% year on year and after-tax profit at 8.637 trillion VND, up 98%year on year. In the period, PV Gas produced and supplied more than 1 billion tonnesof LPG, accounting for 70% of the domestic gas wholesale market.
Meanwhile, it is the sixth time PVFCCo has made its way onto the list. Thecompany has maintained its growth in the first half of this year, postingrevenue of around 10 trillion VND and parent company’s pre-tax profit of over 4trillion VND. The production and business outcomes in the period demonstratedthe rising contribution of chemical business to the company.
PVFCCo produces more than 600,000 tonnes of chemicals of all types each year,with 540,000 tonnes of ammonia (NH3). The company supplies 90% of NH3 demand inthe southern region’s market. It now holds 10% of the domestic fertilizer marketand 37% of the urea fertilizer market.
The company reported two-digitgrowth rates in net revenue and post-tax profit in the period from 2017 to2021, at 11.42% and 23.28%, respectively.
For PVCFC, this is thesecond time it has been named in the list. It reported more than 8.24 trillion VND in total revenue and 2.451 trillion VND in pre-tax profit in the first half of this year.
During the period, PVCFC had accomplished all businesstargets. Accordingly, the company’s urea fertiliser equivalent productionoutput reached 474,350 tonnes, equal to 55% of the year’s plan and up 4% year onyear.
Meanwhile, urea fertiliser consumption wasestimated at 432,380 tonnes, equal to 56% of the full-year plan and up 3% year onyear.
The company paid 297.85 billion VND to the State coffer, up 3.4fold of the yearly target.
Meanwhile, this is the first time Petrosetco has been named inthe list. It reported revenue of 8.7 – 9.0 trillion VND and consolidated profitof 160 billion VND in the first six months of this year, an increase of 6-7%year on year.
Lastyear, the company posted a ten-year high revenue of 17.598 trillion VND,surpassing the yearly plan by 17% and rising 31% from the previous year. Itspre-tax profit topped 415 billion VND, surpassing plans by 66% and doubling thefigure of 2020.
US business magazine Forbes Vietnam appliedits global ranking method to compile the list but also took into considerationthe characteristics of the Vietnamese market.
Voting criteria arebased on the results of three rigorous screening rounds. The preliminary roundselects companies with a good business situation, stable listing on HOSE andHNX, market capitalization and revenue of at least 500 billion VND. The nextround of assessment is based on metrics like compounded annual growth rate,return on equity, return on capital, and earnings per share in 2016-20.
Besides, companies alsohave to satisfy criteria like sustainable development, their position in theindustry, profit sources, governance quality, and industry developmentprospects./.
VNA
