The Vietnam Oil and Gas Group (PetroVietnam) has been listed in the top 50 of the 500 largest enterprises in Vietnam (VNR500) in 2018.

 

The VNR500 ranking, compiled by Vietnam Report Joint Stock Company in cooperation with VietNamNet newspaper, has run for 12 consecutive years to honour the achievements of the most successful enterprises in Vietnam.

PetroVietnam reported that its total volume of oil and gas exploitation amounted to 23.98 million equivalent tonnes last year, exceeding the yearly target by 5 percent.

Meanwhile, the group posted an estimated revenue of 27 billion USD, up 25.9 percent from 2017. It contributed some 5.22 billion USD to the State budget, an annual increase of 24.3 percent.

Member companies of the group, including Binh Son Refining and Petrochemical Joint Stock Company, PetroVietnam Gas, PetroVietnam Oil Corporation, PetroVietnam Power Corporation, were also named in the top 50.-VNA