Following the publication of Profit500 Ranking 2019 – Top 500 best profitable enterprises in Vietnam in 2019, in which Petrovietnam maintains the leading position, on 26th November 2019, Vietnam Report continued to publish VNR500 – Top 500 largest enterprises in Vietnam in 2019, under which Vietnam National Oil and Gas Group continued to lead with two names in the Top 10 list (Vietnam National Oil and Gas Group (PVN) ranked 3rd and Binh Son Refining and Petrochemical Joint Stock Company (BSR) ranked 7th.
Among the top 100 enterprises in the VNR500 Ranking 2019, there were also many businesses under the Group such as PetroVietnam Gas Joint Stock Corporation (PV GAS) ranked 14th; PetroVietnam Oil Corporation (PVOIL) ranking 21st; Vietsovpetro ranking 25th; PetroVietnam Exploration Production Corporation (PVEP) ranking 33rd; PetroVietnam Technical Services Corporation (PTSC) ranking 84th; PetroVietnam General Services Joint Stock Corporation (PETROSETCO) ranking 85th.
Previously, according to Profit500 Ranking 2019 published at the end of September 2019, PVN overtook the first position that Samsung Electronics Thai Nguyen Co., Ltd. held in 3 consecutive years before and took the leading position in the Ranking. Also in September 2019, Fitch Ratings announced the independent credit rating of PVN at “BB+”, issuer default rating (IDR) for the first time at “BB” with “positive outlook”. The IDR of PVN is commensurate with Vietnam’s national credit rating (BB/ Positive outlook).
The appreciation of reputable organizations in the country and abroad has reaffirmed the leading position of PVN, stable business and financial situation, as well as positive business prospects in the future. This credibility reinforces the confidence of domestic and foreign investors, financial institutions, strategic partners, and contributes positively to PVN’s business activities.
