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PVN leads 2013’s largest 500 largest businesses

(VOV) - Vietnam National Oil and Gas Group (PVN) leads the list of Vietnam’s 500 largest businesses in 2013, according to the Vietnam Report Joint Stock Company.

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In the January 17 announcements, the seven biggest businesses with earned revenues exceeding VND100,000 billion include PVN, Petrolimex, Samsung Electronics Vietnam, the military-run Telecom Group Viettel, Vietnam Post and Telecommunications Group (VNPT), and the Vietnam-Russia joint venture VietsovPetro.

Private businesses represented more than 44% of Vietnam’s top 500 largest enterprises by revenue (VNR 500), state enterprises over 40%, and foreign businesses over 15%.

State enterprises still dominate in terms of revenue, constituting 62% of the cumulative VNR500 total (followed by the private sector with 19.4% and the foreign sector with 18.5%).

The industrial sector contributed more than 73.6% of VNR500 revenue, followed by the service sector with nearly 23.5%, and the agro-forestry-seafood sector with nearly 3%.

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Revenues from the mining and oil and gas sector accounted for over 33.6% of the total, followed by the electric sector (14.5%), and finance, banking, security, insurance, and jewellery (12.3%).

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