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PV GAS Glorified in Forbes’ Top 50 Listed Companies in Vietnam for 11th time

Forbes Vietnam acknowledged PV GAS as a pioneering unit in Vietnam's gas industry. The company concluded 2022 with record revenue of VND 100,723 billion (28% higher y-o-y) and an all-time high profit after tax of 14,798 billion (up 71%), ultimately leading its gross margin profit in 2022 to surge to 21.16% compared to 17.71% of 2021.

PV GAS to be honored by Forbes Vietnam for the 11th consecutive time as one of the "Top 50 Listed Companies in Vietnam"


Forbes Vietnam reported that the total profit after tax of the 50 companies reached VND 228,096 billion – an increase of 18% compared to those in 2022. Moreover, the overall revenue hit VND 1,490,453 billion – a growth of 24.9%. Noticeably, the 2023 list didn’t feature many “newcomers” and the companies in the list were mostly industry-leading or those with established competitive advantages.

Forbes Vietnam’ Business Forum to connect communities with shared interests

From the process of compiling the ranking did Forbes Vietnam also comment that in 2022, the profits of listed enterprises in general and the Top 50 in particular reached a record high, despite facing the most challenging period in about a decade. The declining trend of the stock market and the difficulty in attracting international capital were the reasons for the absence of significant IPOs and large-scale listings. However, Vietnam's economy still had bright spots as inflation remained controlled at a low level and the exchange rate were kept stable. This enabled the government to utilize monetary and fiscal policies to support the economy and stimulate growth.

PV GAS ranked 4th among the companies with the highest revenue and profit in 2022.

As usual, the "Top 50 Best Listed Companies in Vietnam 2023" Ceremony was organized alongside Forbes Vietnam's annual Business Forum. With the theme "Innovating the Growth Models," the Forum brought together experts and seniors from leading domestic and international enterprises to discuss technology trends, new business models, and profound practical experiences from the market amidst a dynamic business environment. It focused on important current economic issues, business solutions, innovation, and value creation aimed at promoting the development of the business community and societal progress.

Forbes Vietnam's 2023 annual Business Forum was themed "Innovating the Growth Models."


Forbes Vietnam's event honoring businesses truly conveyed a positive message about entrepreneurial spirit, the aspiration for justified wealth creation, nurturing entrepreneurial drives, and personal development. It was a platform for connecting communities with shared interests, involving businesses that were desirably contributing to Vietnam’s economic and social transformation.

«April 2024»


Address: Floor 12-15, PV GAS TOWER, No. 673 Nguyen Huu Tho Street, Phuoc Kien Commune, Nha Be District, Ho Chi Minh City.
Phone: +84.28. 3781 6777 Fax: +84.28. 3781 5666 Email: pvgas@pvgas.com.vn

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