PetroVietnam remains among country’s top three largest firms
Vietnam Oil and Gas Group (PetroVietnam) remains one of the three largest enterprises in the country in 2021, the 14th year in a row, according to the VNR500 rankings unveiled by Vietnam Report JSC.
A rig in the Bach Ho (White Tiger) oil field (Photo: VNA)
Hanoi (VNA) – Vietnam Oil and Gas Group (PetroVietnam) remains one of the three largestenterprises in the country in 2021, the 14th year in a row,according to the VNR500 rankings unveiled by Vietnam Report JSC.
The list of the 500 largestbusinesses in Vietnam is topped by Samsung Electronics Thai Nguyen Co. Ltd. It was followed by Vietnam Electricity (EVN) group, and PetroVietnam.
The rankings were compiledbasing mainly on enterprises’ total revenues and other performance criteria suchas total assets, employees, growth rates, profits, and prestige on the media.
Despite the complex COVID-19situation that has adversely affected almost all businesses, thanks toeffective response measures, PetroVietnam has reportedly sustained operationsand supply of strategic products, helping to stabilise the market, guarantee thenational energy security, and contribute to the State budget.
In the first 10 months ofthis year, it contributed 75.4 trillion VND to the State budget, 21 percent highern than this year's target and up 23 percent from the same period of 2020.
It also achieved the targetof exploiting 9.72 million tonnes of oil in total on November 22, 39 days aheadof schedule.
Apart from the parent firm,many of its subsidiaries are also named in the VNR500 rankings, including PetroVietnam Gas Joint Stock Corporation (17th), PetroVietnam PowerCorporation (43rd), Vietnam - Russia joint venture Vietsovpetro (48th),and PetroVietnam Technical Services Corporation (56th)./.
The Vietnam Oil and Gas Group (PetroVietnam) contributed 75.4 trillion VND (3.32 billion USD) to the State budget in the first 10 months of this year, up 23 percent from the same period last year and 21 percent higher than the yearly plan.
In the context of declining oil and gas output, one of the tasks for the Vietnam Oil and Gas Group (PetroVietnam) is to seek and implement solutions to optimise resources at oil lots and fields.
The Vietnam Oil and Gas Group (PetroVietnam) and the Asian Development Bank (ADB) on November 18 signed a Memorandum of Understanding (MOU) on establishing a strategic partnership for 2021 – 2024 to promote clean and renewable energy development, and help PetroVietnam achieve targets in green energy transition.
The Vietnam Oil and Gas Group (PetroVietnam) has reported that it has completed the target of 7.99 million tonnes of oil output set for this year, 42 days ahead of schedule.
The Vietnam Oil and Gas Group (PetroVietnam) organised a series of activities on November 24-25 to celebrate the 60th anniversary of the traditional day of the oil and gas industry (November 27, 1961 - November 27, 2021).
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Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
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Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
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PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
A rig in the Bach Ho (White Tiger) oil field (Photo: VNA) 
