Vietnam Assessment Report Joint Stock Company (Vietnam Report) in collaboration with VietNamNet Electronic Newspaper has just held a Ceremony to announce the VIX50 Ranking - Top 50 prestigious and effective Public Companies in 2024. Vietnam Gas Corporation (PV GAS) was honored to be recognized as one of the leading enterprises in this prestigious ranking.
This is the fourth consecutive year that the Organizing Committee has announced the VIX50 Ranking, to honor public companies that demonstrate superiority in financial strength, communication ability, growth potential, sustainable development, management quality and solid position in the industry.
At the time of publication, the capitalization of the 50 companies on the VIX50 list accounted for over 51% of the total market. ROE in 2023 will average 16.5%, with the average five-year compound growth rate of revenue and profit being 13.2% and 17.0%, respectively.
In the VIX50 list, PV GAS ranked 6th among 27 enterprises with a capitalization of over 1 billion USD (with GAS reaching 6.7 billion USD); Ranked 6th among 21 businesses with revenue over 1 billion USD; and ranked 8th among 36 businesses with profits over 1,000 billion VND.
The fact that PV GAS and other reputable Vietnamese enterprises were honored in the Top 50 Reputable and Effective Public Companies affirms their strong financial foundation and remarkable achievements in providing products and services to customers, while building an impressive image in the eyes of the public and investors.
According to Vietnam Report, the operations of public companies are deeply affected by fluctuations in the stock market. After a period of ups and downs due to the global economic downturn, Vietnam's stock market in 2024 is expected to recover strongly, although there will still be adjustments due to the influence of macroeconomic factors.
Factors such as business results, operating efficiency and basic earnings per share (EPS) always play an important role for public enterprises. In particular, according to a recent survey by Vietnam Report, the level of satisfaction with investor relations (IR) activities has become one of the five factors that have the greatest impact on the reputation and efficiency of public enterprises.
With its position in the VIX50 2024 Ranking, PV GAS received the Certificate and Cup of Top 50 prestigious and effective public companies in 2024, along with the right to legally use the logo "VIETNAM TOP 50 PUBLIC COMPANY" in brand introduction and promotion activities. At the Announcement Ceremony, PV GAS's image was introduced on electronic standees, appearing in the Vietnam CEO Insights 2024 Report and other publications.
To contribute to the development of Vietnam's stock market in a sustainable, safe and transparent direction, building reputation is the top task for public enterprises. This not only increases influence but also serves as a basis for sustainable development and increased business value. The announcement ceremony of the VIX50 Ranking is an important step in consolidating the reputation and image of Vietnamese businesses, contributing to improving market capitalization, attracting value from shareholders and establishing long-term success in the stock market.
With a strong position in the gas industry, PV GAS continues to affirm its commitment to quality and leadership in the energy industry, paving the way for innovations and sustainable practices in the steel pipe sector and beyond.