(VOVWORLD) - The Vietnam Oil and Gas Group (Petrovietnam) has maintained its top position in the list of 500 most profitable enterprises in Vietnam in 2022 (PROFIT500) for the fourth consecutive year.
 A Petrovietnam representative receives the 2022 Vietnam Profit 500 award. |
The rankings compiled by Vietnam Report were announced at a ceremony in Hanoi on Monday.
This result affirmed Petrovietnam’s effective performance in recent years with its healthy financial position and flexible management capacity.
Several subsidiaries of Petrovietnam also earned high rankings in the list, including the Petrovietnam Gas Joint Stock Corporation (16th), the Binh Son Refining and Petrochemical JSC (22nd), the Petrovietnam Fertiliser and Chemicals Corps (44th), Vietsovpetro (53rd), the Petrovietnam Power Corporation (71st), and the Ca Mau Petroleum Fertilizer Joint Stock Company (75th).
In the past nine months of 2022, Petrovietnam had fulfilled most production and business targets, with four important targets completed ahead of schedule, including contribution to the State budget, thanks to effective risk management.
The brand value of Petrovietnam has constantly increased year by year. According to Brand Finance, Petrovietnam's brand was valued at 945 million USD in 2020, more than double that of 2019.
By 2022, this value increased to nearly 1.3 billion USD, making Petrovietnam one of the ten most valuable brands in Vietnam.
The group has a Brand Strength Index (BSI) score of 70.8 and maintains a brand rating of AA.
Petrovietnam is also in the Top 20 of the V1000 list (1000 corporate income taxpayers) in Vietnam in 2021 announced by the General Department of Taxation.