Hanoi (VNA) - The PetroVietnam Gas Joint StockCorporation (PV GAS) has been named among the top 50 listed companies in 2022by Forbes Vietnam for the 10th consecutive year.

According to the magazine’s statistics, the total profitafter tax of the 50 companies reached 193.183 trillion VND (8.32 billion USD),up 10.7 percent against that of those listed last year. Their revenue, meanwhile,amounted to over 1.192 quadrillion VND.

PV GAS ranked in the top five businesses with the mostimpressive revenue and profit. Its turnover, profit, and capitalisation werereported at 78.992 trillion VND, 8.672 trillion VND, and 210.534 trillion VND,respectively.

In 2021, PV GAS recorded a 23-percent increase in netrevenue from sales and service provision compared to 2020. In 2022, the firmbegan to import liquefied natural gas (LNG) for energy conversion to compensatefor the declining domestic gas supply and promote the development of the LNGmarket in Vietnam.

Most of the top ten companies in the list are industryleaders or have established competitive advantages in their fields ofoperation. Along with PV GAS, the Vietnam Oil and Gas Group (PetroVietnam) also saw two other subsidiaries honoured by Forbes, namely the PetroVietnam Ca MauFertilizer JSC and Petrovietnam Fertilizer And Chemicals Corporation.

The list was first established in 2013. PV Gas was among nine firms honoured in all of the ten editions. The others are Bao Viet,DHG Pharma, FPT, Hoa Phat, Masan Group, Refrigeration Electrical EngineeringCorporation, Vinamilk and Vietcombank./.