PETROVIETNAM GAS JOINT STOCK CORPORATION

PETROVIETNAM GAS JOINT STOCK CORPORATION (PV GAS) stands as a cornerstone of Vietnam’s natural gas industry, playing a vital role in gas extraction, processing, and distribution. Established on December 13, 2007, the company operates as a joint stock company under Business ID: 3500102710, with its headquarters at PV Gas Tower, No. 673, Nguyen Huu Tho Street, Ho Chi Minh City, Vietnam. PV GAS is a subsidiary of the Vietnam Oil and Gas Group (Petrovietnam), which holds a 95.76% stake, reinforcing its state-backed leadership in Vietnam’s energy infrastructure.

Leadership and Executive Management

At the forefront of PETROVIETNAM GAS JOINT STOCK CORPORATION’s operations are:

• Chairman: Nguyen Thanh Binh (Vietnamese)
• General Director: Pham Van Phong (Vietnamese)
• Deputy General Director: Huynh Quang Hai (Vietnamese)

With 2,761 employees, PV GAS manages an extensive network of gas pipelines, terminals, and processing facilities across Vietnam.

Financial Performance and Market Position

PETROVIETNAM GAS JOINT STOCK CORPORATION has consistently maintained a strong financial base, despite market fluctuations. The 2023 financial report highlights:

• Total Assets: USD 3.51 billion (+3.25% YoY)
• Total Sales: USD 3.56 billion (-13.87% YoY)
• Equity: USD 2.63 billion (+4.82% YoY)
• Profit: USD 474.79 million (-23.29% YoY)

Although the company experienced a decline in profit, it continues to generate strong cash flow and maintain a significant working capital of USD 1.85 billion, positioning it as a financially stable entity within Vietnam’s energy sector.

Core Business Activities

As Vietnam’s leading natural gas supplier, PETROVIETNAM GAS JOINT STOCK CORPORATION operates across multiple business segments:

• Natural gas extraction, transportation, and processing
• Gas importation, storage, and wholesale distribution
• Engineering, construction, and leasing of gas-related infrastructure
• Research and development in energy technology

The company’s strategic importance in Vietnam’s energy security makes it a pivotal player in the nation’s industrial and economic growth.

Risk Management and Financial Data Transparency

With growing energy demands and global market volatility, PETROVIETNAM GAS JOINT STOCK CORPORATION prioritizes risk management, ensures compliance with business information regulations, and maintains transparent financial data. Vanguard Business Information LLC (VNBiS) provides critical insights into these areas, assisting investors and stakeholders in making informed decisions.

Looking ahead, PETROVIETNAM GAS JOINT STOCK CORPORATION continues to expand its infrastructure and optimize its operations, solidifying its role as a market leader in Vietnam’s energy transition.