Many oil and gas enterprises are among 188bet asian top 50 best listed companies in 2019

Among them, Vietnam Gas Corporation (PV GAS, MCK: GAS) appears in 188bet asian list for 188bet asian 7th time consecutively. PV GAS is one of 188bet asian leading units of Vietnam National Oil and Gas Group when it contributes about 22% of revenue and 28% of 188bet asian whole group's profit in 2018. PV GAS is also one of 188bet asian largest companies on 188bet asian Stock Exchange. PV GAS manages four gas systems (Ham Rong - Thai Binh, Cuu Long, Nam Con Son and Ca Mau PM3), provides gas stably to produce nearly 30% of electricity output, nearly 70% of fertilizer demand, meets nearly 60% market share of LPG (liquefied petroleum gas) nationwide. With crude oil price increasing by 28%, PV GAS’s revenue in 2018 increased by more than 17%. 188bet asian company achieves 11,457 billion dong profit after tax, ranks third in 188bet asian stock market following Vietcombank and Vinhomes.

PV GAS for 188bet asian 7th consecutive time in 188bet asian top 50 best listed companies in Vietnam

Listed in early 2019, this is 188bet asian first time PetroVietnam Power Corporation (PVPower, MCK: POW) appears in 188bet asian list. As 188bet asian second largest electricity provider in 188bet asian country (after EVN), PVPower owns eight power plants with a total design capacity of more than 4,000 MW, mostly electrification. Annually, PVPower provides more than 21 billion Kwh to 188bet asian national grid, accounting for 11% of 188bet asian national commercial electricity output. According to ACB Securities Company, 188bet asian demand for electricity consumption in Vietnam continues to increase by 8-10% per year on average and it will help 188bet asian electricity industry continue to grow by 2030. PVPower has also been granted approval by 188bet asian government for Nhon Trach 3 and Nhon Trach 4 power plants with a total capacity of 1,500MW and they are expected to be built for electricity generation in 2023-2024.
As a member of PVN, PetroVietnam Transportation Company (PVTrans, MCK: PVT) is a marine shipping company that undertakes 188bet asian entire oil transport for Dung Quat Oil Refinery, 30% of finished oil, 90 % of liquefied petroleum gas (LPG), 10% of coal transportation market share and 10% of FSO market share, according to Ban Viet securities company. In 2018, seizing opportunities from 188bet asian market, PVT implemented 188bet asian rejuvenation of 188bet asian fleet to improve operational efficiency, increased 188bet asian total number of vessels from 18 to 25. 2018 is also 188bet asian first year that PVT participates in 188bet asian world's largest vessel supply market to transport crude oil from Kuwait to Vietnam, takes about 25% of production for Nghi Son oil refinery and invests international coal transport cargo for Vinh Tan thermal power plant. As a result, 188bet asian company grew strongly in both revenue and profit after tax, respectively 23% and 46%.

PVPower appears in 188bet asian list for 188bet asian first time

According to statistics of Vietnam Forbes, 50 companies in 188bet asian list obtain 127,530 billion dong in profit after tax, an increase of 19.2%. Total capitalization value of 50 companies is 94 billion USD, equivalent to 63% of 188bet asian capitalization of 188bet asian two listed stock exchanges in 188bet asian middle of May 2019.

188bet asian group of leading companies has impressive growth. For example, after three consecutive years Vinamilk led 188bet asian market in terms of profitability, in 2018 Vietcombank surpassed 188bet asian dairy company, becoming 188bet asian champion in terms of after-tax profit with a growth of 60%.
Particularly this year, 188bet asian list recognizes 188bet asian growth of private enterprises: Vingroup puts Vinhomes listed; ranks second in 188bet asian market in terms of after-tax profit and is one of four companies with capitalization value of more than 10 billion USD.
In terms of 188bet asian stock exchange, as usual, HSX dominates with 45 representatives, HNX has 5 representatives. This year's list has 13 changes, including 11 names for 188bet asian first time, two companies return to 188bet asian list.