On August 22, 2024, Forbes Vietnam held the annual Business Forum 2024 with the theme “Ahead of the Game”. Among the Top 50 Listed Companies in Vietnam 2024, Petrovietnam Gas Corporation (PV GAS) has held this prestigious title for twelve consecutive years.
The Forbes Vietnam 2024 Business Forum, attended by experts and senior leaders from major companies, aimed to discuss business recovery after the past two years of instability. Despite temporary challenges, Vietnam’s economy was said to be attractive for international investment and occupies a significant position in the global production and trade chain, especially following new technological waves and strategic partnerships with several major economies.
PV GAS GNC: 17 years of leadership in the supply of natural gas
According to Forbes Vietnam, the 12th List revealed that industrial groups were recovering unevenly in terms of results, and profits had not yet stabilized. The VN-Index had been fluctuating significantly, driven by investor sentiment and capital flows from individual investors. Exchange rates had always attracted the attention of stock market participants.
Despite temporary challenges, Vietnam’s economy was said to be attractive for international investment
In the prestigious ranking of Vietnam’s top listed companies, PV GAS was recognized as the third in terms of revenue and one of the six corporations with after-tax profits exceeding VND 11 trillion in 2023. As PV GAS is the only oil and gas company to have achieved such a high position despite significant challenges, this is an incredibly remarkable achievement.
As of December 29, 2023, the Corporation had a market capitalization of VND 173.404 trillion. The Corporation also achieved ROA and ROE of over 13% and 18% respectively, with high cash dividend distribution, and a record 60% of the statutory capital distributed as dividends by 2023.
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