Business

Petrovietnam ranks 11th in Fortune Southeast Asia 500

The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.

Hanoi (VNA) – The Vietnam National Industry - Energy Group (Petrovietnam) has been ranked 11th in the 2025 Fortune Southeast Asia 500, according to the rankings released on June 17.

The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.

This recognition highlights Petrovietnam’s impressive revenue performance and operational resilience in a volatile global market. It also marks the group’s first appearance in a regional and international corporate ranking.

Fortune Southeast Asia 500, part of Fortune’s globally respected ranking system, evaluates companies based on their most recent fiscal-year revenue. However, the inclusion in the list also reflects sustained internal strength and long-term commitment to sustainable growth. In 2024, the energy sector remained dominant, accounting for nearly one-third of total revenue across the ranking, with Petrovietnam standing out as Vietnam’s leading representative in the industry.

Petrovietnam’s debut in the list underscores its strategic management, adaptability to global market fluctuations, and ability to seize opportunities amid global supply chain restructuring. The group has proactively implemented modern governance practices, enhanced operational efficiency, and maintained a strong focus on sustainable development.

In 2024, Petrovietnam overcame numerous challenges to exceed all key targets by 6–27%, setting several new records. For the first time, the group’s total revenue surpassed 1 quadrillion VND (approximately 38.2 billion USD). It contributed 165.6 trillion VND to the State budget and invested more than 38 trillion VND, a 49% increase over 2023.

The group also expanded its traditional operations, took the lead in offshore energy development, and for the first time participated in the global energy value chain. By the end of 2024, Petrovietnam had fully met all financial targets set for the 2021–2025 period, exceeding projections by 6–32%.

According to Fortune, 76 Vietnamese companies made the 2025 list, collectively generating more than 161 billion USD in revenue and employing over 1.1 million workers. Among them, Petrovietnam stands out as a key contributor, reaffirming its role as the flagship firm of Vietnam’s energy sector and a leading regional energy enterprise.

This is the second year Fortune Southeast Asia 500 has been published, underscoring the rapid rise of Southeast Asian enterprises as the region emerges as a global hub for manufacturing and investment amid shifting global value chains./.

VNA
#Petrovietnam #2025 Fortune Southeast Asia 500 #Vietnamese companies #revenue
Follow VietnamPlus

Post-pandemic recovery

Related News

See more

Workers produce textile and garment for export. (Illustrative photo: VNA)

Israeli firms step up sourcing from Vietnam

The conflicts have caused serious disruptions to Israel’s external supply chains, leading to greater demand for a wide range of imported goods. As a result, Israeli enterprises are intensifying efforts to diversify sources of supply, including from Vietnam, to meet domestic consumption needs.

An overview of the seminar. (Photo: VNA)

Traceability emerges as a key to sustainable digital economy

Scandals involving counterfeit goods, unsafe food and substandard pharmaceuticals not only cause economic losses but also erode public trust. On a global scale, verification and traceability are among the top criteria that businesses must maintain to ensure credibility, enhance competitiveness and meet stringent international trade standards.

Vietnamese Ambassador to Japan Pham Quang Hieu speaks at the dialogue. (Photo: VNA)

Vietnam-Japan business dialogue boosts cooperation prospects

The dialogue offered Japanese businesses an opportunity to gain the most updated insights into Vietnam’s socio-economic landscape as well as its new policies, and to exchange views on potential future collaboration in various sectors.

By June 2025, total credit had reached over 17.2 quadrillion VND (658.43 billion USD), up 9.9% from end-2024 and 19.32% year-on-year—the highest growth rate since 2023 (Photo: VNA)

Central bank rolls out measures to support economic growth

By June 2025, Vietnam's total credit had reached over 17.2 quadrillion VND (658.43 billion USD), up 9.9% from end-2024 and 19.32% year-on-year—the highest growth rate since 2023—signalling strong recovery in manufacturing, agriculture, and supporting sectors.

UOB raises Vietnam’s GDP growth forecast to 6.9% for 2025 - Illustrative image (Photo: VNA)

UOB raises Vietnam’s GDP growth forecast to 6.9% for 2025

According to a report released by UOB's Global Economics & Market Research Unit released on July 8, Vietnam’s real GDP grew by a robust 7.96% year-on-year in the second quarter of 2025, significantly exceeding Bloomberg’s forecast of 6.85%, UOB’s projection of 6.1%, and the revised growth figure of 7.05% in the first quarter.

Vietnam Airlines JSC (HVN) receives approval from the State Securities Commission of Vietnam to issue 900 million shares at 10,000 VND apiece. (Photo: VNA)

Vietnam Airlines receives approval for major share issuance

The planned issuance is expected to raise roughly 9 trillion VND (equivalent to 344.53 million USD), providing the national carrier with additional capital to improve liquidity, reinforce its financial foundation, and advance its post-pandemic recovery and growth strategy.

Passengers board a Vietnam Airlines flight (Photo: VNA)

Vietnamese aviation industry takes off

According to the Civil Aviation Authority of Vietnam (CAAV), in the first half of 2025, Vietnam's aviation industry served 41.3 million passengers, representing a 10% increase compared to the same period in 2024. Notably, the international market accounted for 23 million passengers, up by 13%, while the domestic maintained a steady 7% growth with 18.4 million passengers.

Illustrative photo (Source: VNA)

Vietnam telecom giants step up 5G commercialisation, expansion

The country’s three major network providers – Viettel, VNPT and MobiFone – have so far deployed around 11,000 5G base stations, equivalent to 7.7% of existing 4G stations. These stations now cover all provinces and cities, reaching approximately 26% of the population.

The Thai Binh 2 Thermal Power Plant in Hung Yen province. (Photo courtesy of Petrovietnam)

Thai Binh 2 power plant beats H1 targets, braces for tough H2

According to the plant’s mid-year report, electricity output reached an estimated 3.79 billion kWh, achieving 115% of the target. Revenue was estimated at nearly 7.74 trillion VND (296.1 million USD), 13% above the plan, while post-tax profit was roughly 58 billion VND, thereby reducing planned losses by 114% (equivalent to 461 billion VND).

Vietnamese mango grows into global premium markets

Vietnamese mango grows into global premium markets

To enhance the value chain of speciality fruit commodities with its competitive advantages, Tien Giang province is operating the Hoa Loc mango production–consumption chain project for 2020-2025 with a vision towards 2030.

Prime Minister Pham Minh Chinh meets a representative of Vale, a multinational group specialising in metals, mining, and logistics, in Brazil's Rio de Janeiro city on July 7 (local time). (Photo: VNA)

PM meets Brazilian corporations in Rio de Janeiro

At these meetings, the PM highlighted Vietnam’s current landscape, key development priorities, and its favourable investment and business environment. He also underscored the strong friendship between Vietnam and Brazil, particularly following the upgrade of bilateral ties to a Strategic Partnership in November 2024.

Civil servants and citizens at a taxation office in Hanoi. (Photo: VNA)

Hanoi’s budget revenue surges in H1

The surge was largely driven by domestic revenue, which reached 373.9 trillion VND, meeting 77.5% of the yearly projection and rising 52.7% year-on-year.