VN Oil and Gas Group tops Profit500 Ranking
17:51 | 30/11/2018

VGP - The Viet Nam Oil and Gas Group (PVN) returned to the first place in the Profit500 Ranking, which listed the 500 most profitable companies in Viet Nam in 2018.

The Viet Nam Oil and Gas Group (PVN) returned to the first place in the Profit500 Ranking

The ranking was announced by the Viet Nam Report Joint Stock Company in Ha Noi on November 29.

The ranking aimed to honour enterprises that are profitable, have potential to become key pillars of the Vietnamese economy and contribute to the introduction of Vietnamese brands to the international business community.

In the reviewed period, the group contributed VND90.9 trillion (US$3.9 billion) to the State budget, 23.2% higher the yearly target.

Petro Viet Nam’s total revenues reached VND499.5 trillion (US$21.47 billion) in the first 10 months of 2018, 21.1% higher than the set target and up 23.6% year-on-year.

The average pre-tax profit of the top 500 most profitable companies in 2017 grew more than 65% from 2016. The sectors with the highest return on asset (ROA) and return on equity (REO) were telecommunications, information technology, pharmaceuticals, healthcare, transportation, food, beverages and cigarettes, according to the Viet Nam Report’s survey.

The survey said most business insiders expect technology to remain the leader in attracting investment.

Technology was the most common answer among enterprises (51.4% of respondents), construction and real estate (40%) and retail (34.3%).

In the Profit500 Ranking, the companies with the highest average pre-tax profits are in telecommunications, information and technology. The enterprises have potential to show stable growth profit indicators.

This year, Profit500, the number of firms in construction, building materials, real estate (14.8%), electricity (12.8%), finance (11.2%), and food, beverages and cigarettes (10.4%) accounted for a majority of the list.

In addition, the Viettel Military Industry and Telecoms Group, Samsung Electronics Viet Nam, Honda Viet Nam, PetroVietnam Gas Joint Stock Corporation (PV Gas), Viet Nam Dairy Products Company (Vinamilk), Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank), Hoa Phat Group, Viet Nam Joint Stock Commercial Bank for Industry and Trade (Viettinbank) and Vingroup also made into the Top 10.

The ranking was announced by the Viet Nam Report Joint Stock Company in Ha Noi on November 29.

The ranking aimed to honour enterprises that are profitable, have potential to become key pillars of the Vietnamese economy and contribute to the introduction of Vietnamese brands to the international business community.

In the reviewed period, the group contributed VND90.9 trillion (US$3.9 billion) to the State budget, 23.2% higher the yearly target.

Petro Viet Nam’s total revenues reached VND499.5 trillion (US$21.47 billion) in the first 10 months of 2018, 21.1% higher than the set target and up 23.6% year-on-year.

The average pre-tax profit of the top 500 most profitable companies in 2017 grew more than 65% from 2016. The sectors with the highest return on asset (ROA) and return on equity (REO) were telecommunications, information technology, pharmaceuticals, healthcare, transportation, food, beverages and cigarettes, according to the Viet Nam Report’s survey.

The survey said most business insiders expect technology to remain the leader in attracting investment.

Technology was the most common answer among enterprises (51.4% of respondents), construction and real estate (40%) and retail (34.3%).

In the Profit500 Ranking, the companies with the highest average pre-tax profits are in telecommunications, information and technology. The enterprises have potential to show stable growth profit indicators.

This year, Profit500, the number of firms in construction, building materials, real estate (14.8%), electricity (12.8%), finance (11.2%), and food, beverages and cigarettes (10.4%) accounted for a majority of the list.

In addition, the Viettel Military Industry and Telecoms Group, Samsung Electronics Viet Nam, Honda Viet Nam, PetroVietnam Gas Joint Stock Corporation (PV Gas), Viet Nam Dairy Products Company (Vinamilk), Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank), Hoa Phat Group, Viet Nam Joint Stock Commercial Bank for Industry and Trade (Viettinbank) and Vingroup also made into the Top 10.

By Vien Nhu

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