Following the release of the Profit 500 2019 – the list of 500 most profitable enterprises in Vietnam in 2019, in which the Vietnam National Oil and Gas Group (Petrovietnam-PVN) has topped the list, on 26th November 2019, Vietnam Report published VNR500 - Top 500 largest enterprises in Vietnam in 2019.
The Vietnam National Oil and Gas Group (PVN) ranked 3rd and its affiliate – Binh Son Refining and Petrochemical Joint Stock Company (BSR) ranked 7th.
Among the top 100 enterprises in the VNR500 Ranking 2019, there were a number of affiliates of PVN such as PetroVietnam Gas Joint Stock Corporation (PV GAS) ranked 14th; PetroVietnam Oil Corporation (PVOIL) ranked 21st; Vietsovpetro – 25th; PetroVietnam Exploration Production Corporation (PVEP) – 33rd; PetroVietnam Technical Services Corporation (PTSC) – 84th; PetroVietnam General Services Joint Stock Corporation (PETROSETCO) – 85th.
Earlier, according to Profit500 Ranking 2019 published at the end of September 2019, PVN overtook the first position that Samsung Electronics Thai Nguyen Co., Ltd. had held for consecutive years before and took the leading position in the Ranking.
Also in September 2019, Fitch Ratings rated of PVN’s independent credit at “BB+” and its 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 high appreciation of PVN by reputable domestic and international organizations has reaffirmed its leading position in the economy, its stable business and financial situation, and its positive business prospect in the future. This credibility also helps promote the confidence of domestic and foreign investors, financial institutions, strategic partners in EVN, and contributes positively to PVN's business activities.By Duy Tien