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.

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%.

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%).